Strs Ohio Purchases 294,512 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• STRS Ohio raised its stake in SoFi by 344.2%, buying an additional 294,512 shares to hold 380,082 shares valued at about $10.04 million.
• SoFi beat Q expectations, reporting $0.11 EPS vs. $0.09 estimated and $949.6M revenue (+37.7% YoY), and set FY2025 guidance of 0.37 EPS while analysts' consensus is a "Hold" with a $25.50 average price target.
• Insiders have sold 167,245 shares (~$4.36M) in the past 90 days; insiders own 2.6% of the company and institutional investors own 38.43%.

Strs Ohio raised its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 344.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 380,082 shares of the company's stock after acquiring an additional 294,512 shares during the period. Strs Ohio's holdings in SoFi Technologies were worth $10,042,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of SoFi Technologies by 12.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company's stock valued at $88,864,000 after buying an additional 540,610 shares in the last quarter. Sullivan Wood Capital Management LLC bought a new stake in SoFi Technologies in the second quarter valued at about $2,799,000. Blair William & Co. IL raised its position in SoFi Technologies by 443.9% in the second quarter. Blair William & Co. IL now owns 335,698 shares of the company's stock worth $6,113,000 after purchasing an additional 273,972 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in SoFi Technologies during the second quarter worth about $209,000. Finally, Quantbot Technologies LP bought a new position in SoFi Technologies during the second quarter worth about $25,699,000. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI opened at $25.85 on Monday. The business has a fifty day moving average of $27.09 and a 200-day moving average of $26.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $32.73. The firm has a market cap of $31.17 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 1.62 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued 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. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The firm had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The company's revenue was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, equities research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In other SoFi Technologies news, CTO Jeremy Rishel sold 91,837 shares of the company's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the transaction, the chief technology officer directly owned 794,598 shares in the company, valued at approximately $21,168,090.72. This represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Arun Pinto sold 46,132 shares of SoFi Technologies stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the sale, the insider owned 138,396 shares of the company's stock, valued at approximately $3,426,684.96. This represents a 25.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 167,245 shares of company stock valued at $4,362,815 over the last 90 days. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SOFI. BTIG Research reissued a "neutral" rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Truist Financial lowered their price target on SoFi Technologies from $31.00 to $28.00 and set a "hold" rating on the stock in a research report on Tuesday, November 25th. Morgan Stanley lifted their price objective on SoFi Technologies from $13.00 to $18.00 and gave the company an "underweight" rating in a report on Monday, September 29th. Mizuho set a $38.00 target price on shares of SoFi Technologies in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of SoFi Technologies in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have assigned a Hold rating and three have assigned 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 $25.50.

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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