<div id="readability-page-1"><p>Firethorn Wealth Partners LLC cut its stake in  SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 57.1% in the third quarter, according to its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 113,411 shares of the company's stock after selling 151,096 shares during the quarter. SoFi Technologies accounts for about  1.2% of Firethorn Wealth Partners LLC's investment portfolio, making the stock its 23rd largest holding. Firethorn Wealth Partners LLC's holdings in SoFi Technologies were worth $2,996,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><ul><li>SoFi Technologies: From Fintech Speculation to Profit Engine</li></ul><p>A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SOFI. Vanguard Group Inc. grew its position in  SoFi Technologies by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 100,287,485 shares of the company's stock worth $1,826,235,000 after purchasing an additional 820,190 shares during the period.  Norges Bank bought a new stake in shares of  SoFi Technologies in the second quarter worth $164,068,000.  Marshall Wace LLP increased 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 valued at $145,628,000 after acquiring an additional 3,748,817 shares during the last quarter.  Charles Schwab Investment Management Inc. lifted its holdings in  SoFi Technologies by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,628,309 shares of the company's stock valued at $120,702,000 after acquiring an additional 155,583 shares during the period.  Finally, Quadrature Capital Ltd purchased a new position in  SoFi Technologies in the second quarter worth about $115,188,000. Institutional investors own  38.43% of the company's stock. </p><div><p><span></span><span>Get <strong>SoFi Technologies</strong> alerts:</span></p></div><h2>SoFi Technologies Stock Performance</h2><p>Shares of NASDAQ SOFI opened at $25.27 on Thursday. The stock has a market cap of $30.47 billion, a PE ratio of 46.80 and a beta of 1.93. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The firm has a fifty day moving average price of $28.20 and a 200-day moving average price of $24.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. </p><ul><li>NU Stock: U.S. Bank License May Be the Next Growth Catalyst</li></ul><p>SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The company had revenue of $949.63 million for the quarter, compared to analysts' expectations of $880.33 million. During the same quarter in the previous year, the company earned $0.05 EPS. SoFi Technologies's revenue for the quarter was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS.  Equities analysts anticipate that  SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year. </p><h2>Insider Transactions at SoFi Technologies</h2><p>In other SoFi Technologies news, insider Arun Pinto sold 46,132 shares of the company's stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $24.76, for a total value of $1,142,228.32. Following the completion of the transaction, the insider directly owned 138,396 shares in the company, valued at $3,426,684.96. This represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kelli Keough sold 10,340 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $273,286.20. Following the sale, the executive vice president directly owned 265,034 shares of the company's stock, valued at approximately $7,004,848.62. This trade represents a 3.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 66,508 shares of company stock valued at $1,699,834. Corporate insiders own  2.60% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Mortgage Pressures Ease, 3 Stocks to Rally on Lower Rates</li></ul><p>SOFI has been the subject of several research reports. Barclays upped their price target on shares of SoFi Technologies from $21.00 to $23.00 and gave the company an &#34;outperform&#34; rating in a research report on Wednesday, October 29th. Truist Financial cut their target price on shares of SoFi Technologies from $31.00 to $28.00 and set a &#34;hold&#34; rating for the company in a research report on Tuesday, November 25th. Morgan Stanley increased their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an &#34;underweight&#34; rating in a research report on Monday, September 29th. Needham &amp; Company LLC lifted their price target on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a &#34;buy&#34; rating in a research note on Wednesday, October 29th. Finally, BTIG Research  restated a &#34;neutral&#34; rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. One research analyst  has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued  a Hold rating and two have issued  a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of &#34;Hold&#34; and an average target price of $25.69.</p><p><b>Read Our Latest Research Report on SOFI</b></p><h2>SoFi Technologies Company Profile</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than SoFi Technologies</li><li>Are Penny Stocks a Good Fit for Your Portfolio?</li><li>Post 35% Surge, Analysts Eye More Upside in Copper Giant Freeport</li><li>How to Plot Fibonacci Price Inflection Levels </li><li>Why a SpaceX IPO Could Be a Major Catalyst for GOOGL Stock</li><li>Ride Out The Recession With These Dividend Kings </li><li>Can Upwork Maintain Its Comeback? Reasons to Be Bullish and Bearish</li></ul><p><strong>Want to see what other hedge funds are holding SOFI?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U09GSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U09GSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in SoFi Technologies Right Now?</h2><p>Before you consider SoFi Technologies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SoFi Technologies wasn't on the list.</p><p>While SoFi Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SOFI

<p>Firethorn Wealth Partners LLC reduced its stake in SoFi Technologies, Inc. by 57.1% in the third quarter, selling 151,096 shares. The firm's holdings in SoFi are now worth $2,996,000. Other institutional investors also adjusted their positions in SoFi. SoFi's stock opened at $25.27 with a market cap of $30.47 billion. The company reported $0.11 EPS for the quarter, beating estimates. Insiders sold 66,508 shares recently. Barclays raised its price target for SoFi to $23.00.</p>

Firethorn Wealth Partners LLC Reduces Stock Position in SoFi Technologies, Inc. $SOFI