Baader Bank Aktiengesellschaft Makes New Investment in SoFi Technologies, Inc. $SOFI

Key Points

• Baader Bank Aktiengesellschaft acquired 13,500 shares of SoFi Technologies, valued at approximately $246,000, indicating growing interest from institutional investors in the fintech company.
• SoFi Technologies reported a 42.8% year-over-year increase in revenue, reaching $519.37 million, while EPS exceeded expectations at $0.08.
• Analysts have varying outlooks on SoFi Technologies, with the average rating being "Hold" and a consensus price target of $19.88.

Baader Bank Aktiengesellschaft purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,500 shares of the company's stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SOFI. Brighton Jones LLC lifted its stake in shares of SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after buying an additional 14,281 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of SoFi Technologies by 94.4% in the fourth quarter. Lazard Asset Management LLC now owns 19,649 shares of the company's stock valued at $301,000 after purchasing an additional 9,539 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of SoFi Technologies by 17.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,519,360 shares of the company's stock valued at $38,798,000 after purchasing an additional 380,218 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in SoFi Technologies by 16.5% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 20,558 shares of the company's stock worth $317,000 after acquiring an additional 2,912 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC purchased a new position in SoFi Technologies in the fourth quarter worth approximately $274,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the transaction, the chief technology officer owned 759,553 shares of the company's stock, valued at $20,887,707.50. The trade was a 11.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelli Keough sold 10,578 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total value of $234,091.14. Following the transaction, the executive vice president owned 234,622 shares of the company's stock, valued at $5,192,184.86. This represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,614 shares of company stock worth $3,452,672. Company insiders own 2.60% of the company's stock.

SoFi Technologies Stock Performance

SoFi Technologies stock traded up $0.52 during trading hours on Monday, reaching $30.03. 52,980,112 shares of the company were exchanged, compared to its average volume of 61,404,930. SoFi Technologies, Inc. has a 12 month low of $7.57 and a 12 month high of $30.30. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The firm has a market cap of $35.96 billion, a price-to-earnings ratio of 62.59, a PEG ratio of 3.51 and a beta of 1.93. The stock has a 50-day moving average of $23.82 and a 200 day moving average of $17.15.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The business had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. During the same period in the prior year, the company posted $0.01 earnings per share. SoFi Technologies's revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several research reports. Morgan Stanley reiterated an "underweight" rating and issued a $13.00 price target (up previously from $11.00) on shares of SoFi Technologies in a research report on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on shares of SoFi Technologies in a report on Monday, July 14th. They issued a "neutral" rating and a $19.00 target price on the stock. Citigroup increased their price objective on shares of SoFi Technologies from $18.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. TD Cowen assumed coverage on shares of SoFi Technologies in a report on Friday, July 11th. They issued a "hold" rating and a $21.00 price target on the stock. Finally, JMP Securities reaffirmed a "market perform" rating and issued a $17.00 price objective on shares of SoFi Technologies in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $19.88.

SoFi Technologies Company 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.