Strs Ohio Acquires 38,364 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• Strs Ohio increased its stake in SoFi by 10.1% in Q4, buying 38,364 shares to hold 418,446 shares worth about $10.96 million.
• SoFi reported $0.12 EPS (in line with estimates) and revenue of $1.09 billion, up 42.6% year-over-year, and set FY 2026 guidance of 0.600 EPS (analysts average ~0.59).
• Insider activity was mixed: Director Steven J. Freiberg sold 94,225 shares while CEO Anthony Noto bought 28,900 shares, and insiders overall bought 38,900 and sold 218,422 shares in the last three months.

Strs Ohio grew its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 418,446 shares of the company's stock after acquiring an additional 38,364 shares during the period. Strs Ohio's holdings in SoFi Technologies were worth $10,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SOFI. Blue Trust Inc. boosted its stake in SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company's stock worth $26,000 after purchasing an additional 878 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of SoFi Technologies during the 4th quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SoFi Technologies during the fourth quarter valued at $29,000. SJS Investment Consulting Inc. lifted its holdings in shares of SoFi Technologies by 840.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in shares of SoFi Technologies in the 3rd quarter worth approximately $29,000. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Down 1.4%

SoFi Technologies stock opened at $16.20 on Tuesday. The stock has a market capitalization of $20.66 billion, a PE ratio of 36.82 and a beta of 2.12. The business has a 50 day simple moving average of $17.59 and a 200-day simple moving average of $23.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18. SoFi Technologies, Inc. has a 12 month low of $12.43 and a 12 month high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business's revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SOFI has been the subject of several recent analyst reports. Keefe, Bruyette & Woods dropped their target price on SoFi Technologies from $20.00 to $17.00 and set an "underperform" rating for the company in a research report on Thursday, April 9th. Weiss Ratings restated a "hold (c)" rating on shares of SoFi Technologies in a research note on Thursday, January 22nd. Wells Fargo & Company cut their price objective on shares of SoFi Technologies from $19.00 to $18.00 and set an "equal weight" rating on the stock in a report on Thursday, April 9th. Bank of America assumed coverage on SoFi Technologies in a research report on Tuesday, January 6th. They set an "underperform" rating and a $20.50 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $18.00 target price on shares of SoFi Technologies in a research report on Thursday. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of "Hold" and an average price target of $23.22.

Insiders Place Their Bets

In other SoFi Technologies news, Director Steven J. Freiberg sold 94,225 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $20.31, for a total value of $1,913,709.75. Following the transaction, the director directly owned 588,849 shares of the company's stock, valued at $11,959,523.19. This trade represents a 13.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony Noto bought 28,900 shares of the stock in a transaction dated Tuesday, March 17th. The shares were bought at an average price of $17.32 per share, for a total transaction of $500,548.00. Following the completion of the acquisition, the chief executive officer owned 11,704,352 shares in the company, valued at approximately $202,719,376.64. The trade was a 0.25% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 38,900 shares of company stock valued at $705,398 and sold 218,422 shares valued at $4,105,468. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Company Profile

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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