SoFi Technologies, Inc. $SOFI Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments raised its stake in SoFi by 28.3% in Q2 to 118,503 shares (worth about $2.16M), and institutional investors now own roughly 38.43% of the company.
• SoFi beat quarterly expectations with $0.11 EPS vs. $0.09 consensus and revenue of $949.6M (up 37.7% YoY); management set FY2025 guidance at 0.37 EPS while analysts have a consensus "Hold" rating and a $25.69 price target.
• Significant insider selling occurred recently—Arun Pinto and CTO Jeremy Rishel sold large blocks and insiders disposed of 175,277 shares (~$4.69M) last quarter, leaving insiders with about 2.6% ownership.

Russell Investments Group Ltd. boosted its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 28.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,503 shares of the company's stock after acquiring an additional 26,160 shares during the quarter. Russell Investments Group Ltd.'s holdings in SoFi Technologies were worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. RPG Investment Advisory LLC purchased a new position in shares of SoFi Technologies in the 2nd quarter worth about $536,000. XTX Topco Ltd raised its holdings in SoFi Technologies by 77.3% in the second quarter. XTX Topco Ltd now owns 49,563 shares of the company's stock valued at $903,000 after buying an additional 21,607 shares during the period. CreativeOne Wealth LLC raised its holdings in SoFi Technologies by 119.9% in the second quarter. CreativeOne Wealth LLC now owns 24,209 shares of the company's stock valued at $441,000 after buying an additional 13,198 shares during the period. Global Retirement Partners LLC acquired a new position in SoFi Technologies during the second quarter valued at approximately $1,890,000. Finally, Intellus Advisors LLC grew its stake in SoFi Technologies by 12.3% during the second quarter. Intellus Advisors LLC now owns 140,923 shares of the company's stock worth $2,566,000 after buying an additional 15,490 shares during the period. Hedge funds and other institutional investors own 38.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho set a $38.00 price target on shares of SoFi Technologies in a research report on Thursday, October 30th. The Goldman Sachs Group increased their price objective on SoFi Technologies from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, October 29th. Morgan Stanley raised their target price on SoFi Technologies from $13.00 to $18.00 and gave the company an "underweight" rating in a research report on Monday, September 29th. Citigroup boosted their price target on SoFi Technologies from $28.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, October 29th. Finally, Truist Financial decreased their price target on SoFi Technologies from $31.00 to $28.00 and set a "hold" rating for the company in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, SoFi Technologies has a consensus rating of "Hold" and a consensus price target of $25.69.

SoFi Technologies Stock Performance

SOFI opened at $26.83 on Wednesday. The business has a 50 day moving average price of $28.21 and a two-hundred day moving average price of $23.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The company has a market capitalization of $32.35 billion, a price-to-earnings ratio of 49.69 and a beta of 1.93. SoFi Technologies, Inc. has a 1-year low of $8.60 and a 1-year high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The company had revenue of $949.63 million for the quarter, compared to the consensus estimate of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The company's quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

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 transaction of $1,142,228.32. Following the completion of the sale, the insider directly owned 138,396 shares in the company, valued at approximately $3,426,684.96. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the transaction, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. This represents a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 175,277 shares of company stock worth $4,694,595. Corporate insiders own 2.60% of the company's stock.

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.

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