Swedbank AB Takes $2.59 Million Position in SoFi Technologies, Inc. $SOFI

Swedbank AB bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 97,945 shares of the company’s stock, valued at approximately $2,588,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after purchasing an additional 14,281 shares in the last quarter. American Century Companies Inc. grew its stake in shares of SoFi Technologies by 2.5% in the 1st quarter. American Century Companies Inc. now owns 296,556 shares of the company’s stock valued at $3,449,000 after buying an additional 7,358 shares during the period. Hsbc Holdings PLC increased its position in SoFi Technologies by 31.5% in the 1st quarter. Hsbc Holdings PLC now owns 17,105 shares of the company’s stock valued at $197,000 after buying an additional 4,100 shares in the last quarter. State of Wyoming bought a new stake in SoFi Technologies in the 1st quarter valued at about $155,000. Finally, Canada Pension Plan Investment Board acquired a new position in SoFi Technologies during the 1st quarter worth approximately $3,676,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Trading Down 1.5%

NASDAQ SOFI opened at $27.07 on Friday. The business’s fifty day moving average is $28.19 and its 200-day moving average is $24.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The stock has a market capitalization of $32.64 billion, a price-to-earnings ratio of 50.13 and a beta of 1.93. SoFi Technologies, Inc. has a one year low of $8.60 and a one year 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, 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 firm had revenue of $949.63 million during the quarter, compared to the consensus estimate of $880.33 million. During the same period in the prior year, the firm earned $0.05 EPS. The company’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. Equities research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SOFI shares. Citigroup upped their target price on SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley upped their price objective on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. UBS Group lifted their price objective on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a report on Thursday, October 30th. Truist Financial lowered their target price on shares of SoFi Technologies from $31.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday, November 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of SoFi Technologies in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and a consensus target price of $25.69.

Insider Activity

In other news, insider Arun Pinto sold 46,132 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 138,396 shares in the company, valued at $3,426,684.96. The trade was a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Jeremy Rishel sold 91,837 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total value of $2,446,537.68. Following the transaction, the chief technology officer owned 794,598 shares of the company’s stock, valued at approximately $21,168,090.72. The trade was a 10.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 167,813 shares of company stock worth $4,403,334. 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.