Rakuten Securities Inc. Buys 501,249 Shares of SoFi Technologies, Inc. $SOFI

Rakuten Securities Inc. increased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 137.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 866,496 shares of the company’s stock after purchasing an additional 501,249 shares during the period. SoFi Technologies accounts for 8.4% of Rakuten Securities Inc.’s portfolio, making the stock its 3rd largest position. Rakuten Securities Inc. owned approximately 0.07% of SoFi Technologies worth $22,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its holdings in shares of SoFi Technologies by 840.3% during the third quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares during the period. Salomon & Ludwin LLC acquired a new position in SoFi Technologies during the 3rd quarter valued at about $29,000. ORG Partners LLC grew its position in SoFi Technologies by 230.6% in the 3rd quarter. ORG Partners LLC now owns 1,438 shares of the company’s stock worth $38,000 after purchasing an additional 1,003 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in shares of SoFi Technologies by 46.9% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock valued at $39,000 after purchasing an additional 469 shares during the period. Finally, Hilltop National Bank raised its holdings in shares of SoFi Technologies by 888.0% during the third quarter. Hilltop National Bank now owns 1,976 shares of the company’s stock valued at $52,000 after buying an additional 1,776 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their price objective on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Mizuho set a $38.00 price target on SoFi Technologies in a report on Thursday, October 30th. 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 research note on Thursday, October 30th. Bank of America started coverage on shares of SoFi Technologies in a research report on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of SoFi Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and a consensus price target of $25.50.

SoFi Technologies Trading Down 1.7%

SoFi Technologies stock opened at $26.67 on Thursday. The firm has a market cap of $32.16 billion, a price-to-earnings ratio of 49.39, a price-to-earnings-growth ratio of 1.71 and a beta of 1.92. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The firm’s 50 day moving average price is $27.56 and its two-hundred day moving average price is $25.82. 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 announced its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $880.33 million. During the same period in the previous year, the firm earned $0.05 earnings per share. SoFi Technologies’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. On average, research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 91,837 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the sale, the chief technology officer owned 794,598 shares in the company, valued at $21,168,090.72. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Arun Pinto sold 46,132 shares of the company’s stock in a transaction that occurred 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 sale, 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 167,813 shares of company stock worth $4,403,334. Company insiders own 2.60% of the company’s stock.

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.