Patient Capital Management LLC Has $59.55 Million Stake in SoFi Technologies, Inc. $SOFI

Patient Capital Management LLC reduced its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 28.6% in the 3rd quarter, Holdings Channel reports. The firm owned 2,254,066 shares of the company’s stock after selling 903,365 shares during the quarter. SoFi Technologies accounts for 2.4% of Patient Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Patient Capital Management LLC’s holdings in SoFi Technologies were worth $59,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SOFI. Xcel Wealth Management LLC lifted its stake in shares of SoFi Technologies by 0.6% in the third quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock worth $1,874,000 after acquiring an additional 392 shares during the period. Key Client Fiduciary Advisors LLC lifted its position in shares of SoFi Technologies by 3.1% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock worth $373,000 after purchasing an additional 419 shares during the period. Cigna Investments Inc. New boosted its stake in shares of SoFi Technologies by 4.2% in the 3rd quarter. Cigna Investments Inc. New now owns 11,024 shares of the company’s stock valued at $291,000 after purchasing an additional 446 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its position in shares of SoFi Technologies by 46.9% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock worth $39,000 after buying an additional 469 shares during the period. Finally, Soltis Investment Advisors LLC raised its stake in SoFi Technologies by 1.8% during the second quarter. Soltis Investment Advisors LLC now owns 28,436 shares of the company’s stock worth $518,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Trading Down 2.4%

NASDAQ:SOFI opened at $25.51 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73. The company has a market cap of $30.76 billion, a PE ratio of 47.23, a PEG ratio of 1.63 and a beta of 1.92. The firm has a 50-day moving average of $27.31 and a 200-day moving average of $26.10.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business 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 company’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SOFI has been the subject of several research analyst reports. Mizuho set a $38.00 price objective on SoFi Technologies in a research report on Thursday, October 30th. Morgan Stanley increased their target price on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. raised their price target on shares of SoFi Technologies from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Bank of America assumed coverage on shares of SoFi Technologies in a report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price objective on the stock. Finally, Truist Financial decreased their target price on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.50.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 9,468 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $27.14, for a total value of $256,961.52. Following the completion of the sale, the executive vice president owned 312,948 shares in the company, valued at $8,493,408.72. This represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Arun Pinto sold 46,132 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the transaction, the insider owned 138,396 shares in the company, valued at approximately $3,426,684.96. This trade represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 157,777 shares of company stock worth $4,119,014. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.