Vise Technologies Inc. Purchases Shares of 39,031 SoFi Technologies, Inc. $SOFI

Vise Technologies Inc. acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 39,031 shares of the company’s stock, valued at approximately $711,000.

A number of other hedge funds have also recently modified their holdings of SOFI. Brighton Jones LLC increased its holdings in shares of SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after acquiring an additional 14,281 shares during the period. Xponance Inc. increased its position in SoFi Technologies by 6.1% in the 1st quarter. Xponance Inc. now owns 68,466 shares of the company’s stock valued at $796,000 after acquiring an additional 3,925 shares during the period. Ballentine Partners LLC raised its stake in SoFi Technologies by 11.4% during the 1st quarter. Ballentine Partners LLC now owns 14,648 shares of the company’s stock valued at $170,000 after acquiring an additional 1,497 shares during the last quarter. New York State Common Retirement Fund lifted its position in SoFi Technologies by 2.4% during the 1st quarter. New York State Common Retirement Fund now owns 556,987 shares of the company’s stock worth $6,478,000 after acquiring an additional 13,000 shares during the period. Finally, CWM LLC grew its stake in shares of SoFi Technologies by 2.0% in the 1st quarter. CWM LLC now owns 82,399 shares of the company’s stock valued at $958,000 after purchasing an additional 1,613 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Mizuho set a $38.00 target price on shares of SoFi Technologies in a report on Thursday, October 30th. Rothschild & Co Redburn initiated coverage on SoFi Technologies in a report on Friday, August 1st. They issued a “neutral” rating and a $20.50 price objective on the stock. Redburn Atlantic upgraded SoFi Technologies to a “hold” rating in a research report on Friday, August 1st. Truist Financial boosted their target price on shares of SoFi Technologies from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Finally, Morgan Stanley increased their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and a consensus price target of $25.06.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 10,578 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the transaction, the executive vice president owned 234,622 shares of the company’s stock, valued at $5,192,184.86. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the sale, the chief technology officer owned 759,553 shares in the company, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 129,383 shares of company stock worth $3,513,171 in the last 90 days. 2.60% of the stock is owned by insiders.

SoFi Technologies Price Performance

SOFI opened at $28.39 on Friday. The firm has a market cap of $34.00 billion, a price-to-earnings ratio of 52.58, a price-to-earnings-growth ratio of 3.14 and a beta of 1.93. The company’s 50-day moving average price is $28.07 and its 200 day moving average price is $21.67. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $949.63 million during the quarter, compared to the consensus estimate of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

About SoFi Technologies

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.