Osmosis Investment Management UK Ltd Invests $814,000 in SoFi Technologies, Inc. $SOFI

Key Points

• Osmosis Investment Management initiated an approximately $814,000 position in SoFi Technologies during the second quarter, while other institutions also added shares; institutional investors now own 38.43% of the stock.
• Analyst sentiment remains mixed, with eight Buy, ten Hold, and three Sell ratings. The consensus rating is Hold, with an average price target of $22.42.
• SoFi reported quarterly EPS of $0.12 versus estimates of $0.11 and revenue of $1.21 billion, up 42.5% year over year. Shares opened at $18.24, while insiders have sold 136,505 shares worth about $2.42 million over the past 90 days.

Osmosis Investment Management UK Ltd acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 45,410 shares of the company's stock, valued at approximately $814,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SOFI. LM Advisors LLC bought a new position in SoFi Technologies in the second quarter valued at approximately $1,819,000. Bank of Nova Scotia bought a new stake in shares of SoFi Technologies during the 2nd quarter worth approximately $1,301,000. Compass Financial Management LLC bought a new stake in shares of SoFi Technologies during the 2nd quarter worth approximately $34,000. Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of SoFi Technologies in the 2nd quarter valued at approximately $783,000. Finally, Commerce Bank acquired a new stake in shares of SoFi Technologies in the 2nd quarter valued at approximately $225,000. Institutional investors and hedge funds own 38.43% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Needham & Company LLC lowered their target price on shares of SoFi Technologies from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. TD Cowen decreased their price objective on shares of SoFi Technologies from $24.00 to $18.00 and set a "hold" rating for the company in a research report on Thursday, April 30th. Truist Financial boosted their price objective on shares of SoFi Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, August 12th. The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Finally, Stephens cut their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.42.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $18.24 on Tuesday. SoFi Technologies, Inc. has a 52 week low of $14.88 and a 52 week high of $32.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The firm's 50-day simple moving average is $17.75 and its 200 day simple moving average is $17.59. The firm has a market cap of $23.56 billion, a price-to-earnings ratio of 38.00 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.08 EPS. The business's revenue for the quarter was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the transaction, the chief technology officer directly owned 895,089 shares of the company's stock, valued at $15,914,682.42. The trade was a 10.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kelli Keough sold 11,286 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the sale, the executive vice president owned 356,442 shares of the company's stock, valued at approximately $6,415,956. The trade was a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 136,505 shares of company stock worth $2,418,096. Corporate insiders own 2.50% of the company's stock.

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.

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