Russell Investments Group Ltd. Grows Stake in SoFi Technologies, Inc. $SOFI

Key Points

• Russell Investments Group Ltd. has increased its stake in SoFi Technologies, Inc. by 75.7%, holding a total of 92,343 shares valued at approximately $1,074,000.
• SoFi Technologies' recent earnings report revealed an EPS of $0.08, exceeding analysts' expectations, with revenue of $519.37 million for the quarter, reflecting a 42.8% year-over-year increase.
• Securities analysts have adjusted price targets for SoFi, with a consensus price target of $19.35 and ratings ranging from Strong Buy to Sell.

Russell Investments Group Ltd. grew its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 75.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,343 shares of the company's stock after buying an additional 39,779 shares during the quarter. Russell Investments Group Ltd.'s holdings in SoFi Technologies were worth $1,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Elequin Capital LP boosted its stake in shares of SoFi Technologies by 30.1% in the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company's stock worth $42,000 after acquiring an additional 631 shares during the period. Bank of New Hampshire boosted its stake in shares of SoFi Technologies by 33.3% in the first quarter. Bank of New Hampshire now owns 4,000 shares of the company's stock worth $47,000 after acquiring an additional 1,000 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of SoFi Technologies by 1.8% in the first quarter. Arkadios Wealth Advisors now owns 63,404 shares of the company's stock worth $737,000 after acquiring an additional 1,092 shares during the period. Signaturefd LLC boosted its stake in shares of SoFi Technologies by 6.2% in the first quarter. Signaturefd LLC now owns 21,476 shares of the company's stock worth $250,000 after acquiring an additional 1,246 shares during the period. Finally, Compass Capital Corp MA ADV boosted its stake in shares of SoFi Technologies by 12.6% in the first quarter. Compass Capital Corp MA ADV now owns 11,260 shares of the company's stock worth $131,000 after acquiring an additional 1,260 shares during the period. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Trading Down 1.9%

Shares of SOFI traded down $0.50 during midday trading on Friday, hitting $25.54. The stock had a trading volume of 54,281,310 shares, compared to its average volume of 66,402,240. The stock's 50 day moving average is $21.38 and its 200 day moving average is $15.90. The firm has a market cap of $30.58 billion, a PE ratio of 53.21, a price-to-earnings-growth ratio of 3.21 and a beta of 1.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies, Inc. has a 1 year low of $6.75 and a 1 year high of $26.60.

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

Insider Transactions at SoFi Technologies

In other news, Director Magdalena Yesil sold 87,140 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total value of $1,253,944.60. Following the sale, the director directly owned 289,258 shares in the company, valued at approximately $4,162,422.62. This represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 66,847 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $15.55, for a total value of $1,039,470.85. Following the completion of the sale, the chief technology officer owned 724,321 shares in the company, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 272,239 shares of company stock worth $4,123,194. 2.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SOFI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price objective on SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Barclays upped their price objective on SoFi Technologies from $18.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. JMP Securities reissued a "market perform" rating and set a $17.00 price target on shares of SoFi Technologies in a research note on Monday, July 14th. Stephens began coverage on SoFi Technologies in a research note on Thursday, June 12th. They set an "overweight" rating and a $20.00 price target for the company. Finally, TD Cowen began coverage on SoFi Technologies in a research note on Friday, July 11th. They set a "hold" rating and a $21.00 price target for the company. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $19.35.

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.