Robeco Institutional Asset Management B.V. Invests $519,000 in SoFi Technologies, Inc. $SOFI

Robeco Institutional Asset Management B.V. purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,630 shares of the company’s stock, valued at approximately $519,000.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of SoFi Technologies by 12.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock worth $88,864,000 after buying an additional 540,610 shares in the last quarter. Sullivan Wood Capital Management LLC bought a new stake in shares of SoFi Technologies during the second quarter valued at approximately $2,799,000. Blair William & Co. IL raised its holdings in SoFi Technologies by 443.9% in the 2nd quarter. Blair William & Co. IL now owns 335,698 shares of the company’s stock worth $6,113,000 after acquiring an additional 273,972 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in SoFi Technologies in the 2nd quarter worth approximately $209,000. Finally, Quantbot Technologies LP bought a new position in SoFi Technologies in the 2nd quarter valued at approximately $25,699,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Down 2.9%

SoFi Technologies stock opened at $26.60 on Tuesday. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73. The stock has a fifty day moving average of $27.68 and a 200 day moving average of $25.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. The stock has a market cap of $32.08 billion, a PE ratio of 49.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $880.33 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,468 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $27.14, for a total value of $256,961.52. Following the transaction, the executive vice president directly owned 312,948 shares in the company, valued at approximately $8,493,408.72. This trade represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 91,837 shares of SoFi Technologies stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the transaction, the chief technology officer owned 794,598 shares in the company, valued at $21,168,090.72. This represents a 10.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 167,813 shares of company stock valued at $4,403,334. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SOFI has been the subject of a number of research analyst reports. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. The Goldman Sachs Group lowered their price target on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Morgan Stanley increased their price objective on SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 target price on shares of SoFi Technologies in a research report on Tuesday, October 28th. Finally, 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 research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and a consensus price target of $25.50.

About SoFi Technologies

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.