Howland Capital Management LLC Makes New Investment in SoFi Technologies, Inc. $SOFI

Howland Capital Management LLC acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 53,347 shares of the company’s stock, valued at approximately $1,409,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SOFI. Norges Bank purchased a new stake in shares of SoFi Technologies during the 2nd quarter worth approximately $164,068,000. Quadrature Capital Ltd acquired a new position in SoFi Technologies during the second quarter worth $115,188,000. Marshall Wace LLP boosted 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 purchasing an additional 3,748,817 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in SoFi Technologies by 87.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,361,809 shares of the company’s stock worth $168,079,000 after purchasing an additional 2,961,849 shares in the last quarter. Finally, Mizuho Markets Cayman LP acquired a new stake in SoFi Technologies in the second quarter valued at $45,525,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,340 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $273,286.20. Following the transaction, the executive vice president directly owned 265,034 shares in the company, valued at approximately $7,004,848.62. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 91,837 shares of SoFi Technologies stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total value of $2,446,537.68. Following the completion of the sale, the chief technology officer owned 794,598 shares of the company’s stock, valued at $21,168,090.72. This trade 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 worth $4,403,334. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group reduced their price target 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. Jefferies Financial Group reissued a “buy” rating and set a $35.00 price objective on shares of SoFi Technologies in a research note on Tuesday, October 28th. Truist Financial cut their price objective 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. Finally, Needham & Company LLC increased their target price on SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.50.

SoFi Technologies Stock Performance

Shares of SOFI opened at $26.13 on Friday. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The company’s 50 day simple moving average is $27.51 and its 200 day simple moving average is $25.94. The company has a market capitalization of $31.51 billion, a price-to-earnings ratio of 48.39, a PEG ratio of 1.63 and a beta of 1.92. 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 (NASDAQ:SOFI) last issued its quarterly earnings results 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 company had revenue of $949.63 million during the quarter, compared to the consensus estimate of $880.33 million. During the same period in the previous year, the firm posted $0.05 EPS. SoFi Technologies’s revenue was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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.