Robeco Institutional Asset Management B.V. Acquires New Position in SoFi Technologies, Inc. $SOFI

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

A number of other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of SoFi Technologies by 12.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock valued at $88,864,000 after purchasing an additional 540,610 shares during the period. Sullivan Wood Capital Management LLC bought a new position in SoFi Technologies in the 2nd quarter worth $2,799,000. Blair William & Co. IL boosted 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 buying an additional 273,972 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in SoFi Technologies in the 2nd quarter worth $209,000. Finally, Quantbot Technologies LP bought a new stake in SoFi Technologies during the second quarter valued at about $25,699,000. 38.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SOFI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. UBS Group upped their price target on SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Needham & Company LLC lifted their price objective on shares of SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods boosted their target price on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 target price on shares of SoFi Technologies in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and a consensus target price of $25.50.

Insider Activity

In related news, insider Arun Pinto sold 46,132 shares of the stock in a transaction dated Friday, November 21st. The shares were 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 owned 138,396 shares of the company’s stock, valued at approximately $3,426,684.96. This trade represents a 25.00% decrease in their position. The sale 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 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 completion of the transaction, the chief technology officer owned 794,598 shares of the company’s stock, valued at approximately $21,168,090.72. This represents a 10.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 167,813 shares of company stock worth $4,403,334. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Stock Down 2.9%

NASDAQ SOFI opened at $26.60 on Tuesday. The stock has a 50 day moving average price of $27.68 and a 200-day moving average price of $25.75. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73. 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 company has a market capitalization of $32.08 billion, a P/E ratio of 49.26, a P/E/G 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 earnings per share (EPS) 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 the consensus estimate of $880.33 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. 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. As a group, equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.