Trexquant Investment LP Boosts Stock Position in SoFi Technologies, Inc. $SOFI

Key Points

• Trexquant Investment LP increased its stake in SoFi Technologies by 66.1%, owning over 1 million shares valued at approximately $11.9 million at the end of the most recent quarter.
• SoFi Technologies' stock price recently increased by 4.3%, with a market capitalization of $31.18 billion and a P/E ratio of 54.25.
• During its latest earnings report, SoFi posted $0.08 earnings per share, exceeding expectations, and demonstrated a 42.8% year-over-year revenue growth.

Trexquant Investment LP boosted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 66.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,026,493 shares of the company's stock after purchasing an additional 408,662 shares during the quarter. Trexquant Investment LP owned approximately 0.09% of SoFi Technologies worth $11,938,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new stake in SoFi Technologies during the 4th quarter worth approximately $32,000. Hazlett Burt & Watson Inc. boosted its position in SoFi Technologies by 2,200.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock valued at $27,000 after purchasing an additional 2,200 shares during the period. Headlands Technologies LLC acquired a new position in SoFi Technologies during the 1st quarter valued at approximately $28,000. SVB Wealth LLC acquired a new position in SoFi Technologies during the 1st quarter worth $28,000. Finally, Garde Capital Inc. acquired a new position in SoFi Technologies during the 1st quarter worth $31,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Stock Up 4.3%

Shares of SoFi Technologies stock opened at $26.04 on Friday. The stock has a 50-day moving average price of $21.17 and a 200 day moving average price of $15.83. The company has a market cap of $31.18 billion, a P/E ratio of 54.25, a P/E/G ratio of 3.09 and a beta of 1.93. 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, 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 announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The firm had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The business's revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Magdalena Yesil sold 87,140 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 289,258 shares of the company's stock, valued at approximately $4,162,422.62. This represents a 23.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of the stock in a transaction dated 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 directly owned 724,321 shares of the company's stock, valued at approximately $11,263,191.55. This represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 272,239 shares of company stock valued at $4,123,194. Corporate insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

SOFI has been the subject of a number of analyst reports. Stephens began coverage on SoFi Technologies in a research report on Thursday, June 12th. They set an "overweight" rating and a $20.00 price target for the company. Keefe, Bruyette & Woods boosted their price objective on SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. The Goldman Sachs Group began coverage on SoFi Technologies in a report on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective on the stock. Barclays boosted their price objective on SoFi Technologies from $18.00 to $21.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Finally, Cowen began coverage on SoFi Technologies in a report on Friday, July 11th. They set a "hold" rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and a consensus 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.

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