613,903 Shares in SoFi Technologies, Inc. $SOFI Bought by Marex Group plc

Key Points

• Marex Group bought a new position of 613,903 shares of SoFi (~$11.18 million), representing about 0.05% ownership at the end of the reporting period.
• Analysts have recently lifted some targets (Citigroup to $37, Mizuho $38, Barclays to $23), but the consensus remains a "Hold" with an average price target of $25.69.
• SoFi beat Q results with $0.11 EPS vs $0.09 expected and revenue of $949.6M (+37.7% YoY), set FY2025 guidance at about $0.37 EPS, and insiders have sold roughly 175,277 shares in the past 90 days.

Marex Group plc purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 613,903 shares of the company's stock, valued at approximately $11,179,000. Marex Group plc owned approximately 0.05% of SoFi Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SOFI. SVB Wealth LLC bought a new position in shares of SoFi Technologies during the 1st quarter worth about $28,000. Edmond DE Rothschild Holding S.A. acquired a new position in SoFi Technologies in the first quarter worth about $39,000. TD Private Client Wealth LLC raised its position in SoFi Technologies by 153.9% in the second quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company's stock worth $47,000 after purchasing an additional 1,553 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in SoFi Technologies during the second quarter worth about $61,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in SoFi Technologies during the second quarter valued at approximately $63,000. Institutional investors own 38.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays upped their price objective on SoFi Technologies from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, October 29th. Morgan Stanley upped their price target on SoFi Technologies from $13.00 to $18.00 and gave the company an "underweight" rating in a research report on Monday, September 29th. BTIG Research reissued a "neutral" rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Citigroup boosted their target price on shares of SoFi Technologies from $28.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, October 29th. Finally, Mizuho set a $38.00 target price on shares of SoFi Technologies in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $25.69.

Insider Buying and Selling at SoFi Technologies

In related news, insider Arun Pinto sold 46,132 shares of the firm'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 value of $1,142,228.32. Following the completion of the sale, the insider owned 138,396 shares of the company's stock, valued at $3,426,684.96. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelli Keough sold 10,340 shares of the business's stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $273,286.20. Following the completion of the transaction, the executive vice president owned 265,034 shares of the company's stock, valued at $7,004,848.62. This trade represents a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 175,277 shares of company stock worth $4,694,595. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $27.28 on Friday. The business's fifty day moving average is $28.30 and its two-hundred day moving average is $23.85. 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 firm has a market cap of $32.90 billion, a P/E ratio of 50.52 and a beta of 1.93. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced 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 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 analyst estimates of $880.33 million. During the same period last year, the company posted $0.05 earnings per share. The firm's quarterly 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 forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

SoFi Technologies Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

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