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

Patient Capital Management LLC cut its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 28.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,254,066 shares of the company’s stock after selling 903,365 shares during the period. SoFi Technologies comprises about 2.4% of Patient Capital Management LLC’s portfolio, making the stock its 19th largest position. Patient Capital Management LLC owned approximately 0.19% of SoFi Technologies worth $59,552,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of SoFi Technologies in the second quarter valued at approximately $164,068,000. Quadrature Capital Ltd bought a new stake in shares of SoFi Technologies during the 2nd quarter worth approximately $115,188,000. Marshall Wace LLP raised its position in SoFi Technologies by 88.2% during the second quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock worth $145,628,000 after acquiring an additional 3,748,817 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in SoFi Technologies by 87.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,361,809 shares of the company’s stock valued at $168,079,000 after purchasing an additional 2,961,849 shares during the last quarter. Finally, Mizuho Markets Cayman LP bought a new position in shares of SoFi Technologies during the 2nd quarter worth approximately $45,525,000. Institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SOFI. Citigroup lifted their target price on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Mizuho set a $38.00 price target on shares of SoFi Technologies in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. The Goldman Sachs Group lowered their target price on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Finally, BTIG Research reiterated a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.50.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 91,837 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the completion of the transaction, the chief technology officer directly owned 794,598 shares in the company, valued at $21,168,090.72. This represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arun Pinto sold 46,132 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the completion of the sale, the insider owned 138,396 shares in the company, valued at $3,426,684.96. This represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 157,777 shares of company stock valued at $4,119,014. 2.60% of the stock is owned by insiders.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $25.51 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The stock has a market capitalization of $30.76 billion, a P/E ratio of 47.23, a price-to-earnings-growth ratio of 1.63 and a beta of 1.92. The stock has a fifty day moving average of $27.31 and a 200-day moving average of $26.10.

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

SoFi Technologies 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.