Deutsche Bank AG Has $934,000 Stock Position in SoFi Technologies, Inc. $SOFI

Key Points

• Deutsche Bank AG significantly reduced its stake in SoFi Technologies by 88.8%, holding only 80,296 shares worth $934,000 after selling 636,847 shares in the first quarter.
• SoFi Technologies' stock price reached $26.15, reflecting a substantial increase from its 1-year low of $6.75, with a market cap of $31.31 billion and a P/E ratio of 104.25.
• Despite a revenue of $519.37 million, SoFi's earnings per share of $0.08 for the last quarter surpassed analyst expectations of $0.06, indicating positive growth in performance.

Deutsche Bank AG lowered its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 88.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,296 shares of the company's stock after selling 636,847 shares during the quarter. Deutsche Bank AG's holdings in SoFi Technologies were worth $934,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of SoFi Technologies by 2.0% during 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. Tower Research Capital LLC TRC grew its holdings in shares of SoFi Technologies by 133.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,643 shares of the company's stock worth $303,000 after buying an additional 11,212 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of SoFi Technologies during the fourth quarter worth about $204,000. Price T Rowe Associates Inc. MD grew its holdings in shares of SoFi Technologies by 2.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,518,141 shares of the company's stock worth $23,380,000 after buying an additional 41,248 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of SoFi Technologies by 150.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 86,488 shares of the company's stock worth $1,332,000 after buying an additional 52,021 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Stock Performance

Shares of SOFI traded up $1.13 during mid-day trading on Monday, reaching $26.15. The company's stock had a trading volume of 89,870,878 shares, compared to its average volume of 79,393,200. SoFi Technologies, Inc. has a 1-year low of $6.75 and a 1-year high of $26.38. The stock has a market cap of $31.31 billion, a P/E ratio of 104.25, a PEG ratio of 3.10 and a beta of 1.93. The business has a 50-day simple moving average of $20.32 and a two-hundred day simple moving average of $15.54. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57.

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

Insider Activity at SoFi Technologies

In other news, Director Magdalena Yesil sold 87,140 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the completion of the transaction, the director owned 289,258 shares of the company's stock, valued at approximately $4,162,422.62. The trade was a 23.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 10,578 shares of the business's stock in a transaction 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 directly owned 234,622 shares of the company's stock, valued at $5,192,184.86. This trade represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 272,239 shares of company stock valued at $4,123,194 over the last quarter. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Needham & Company LLC increased their price objective on SoFi Technologies from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Citizens Jmp downgraded SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 14th. JMP Securities restated a "market perform" rating and issued a $17.00 price target on shares of SoFi Technologies in a research note on Monday, July 14th. Keefe, Bruyette & Woods raised their price target on SoFi Technologies from $13.00 to $14.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Finally, Citigroup raised their price target on SoFi Technologies from $18.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $19.35.

About SoFi Technologies

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.