Dimensional Fund Advisors LP Sells 5,254,503 Shares of SoFi Technologies, Inc. $SOFI

Dimensional Fund Advisors LP cut its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 36.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,056,263 shares of the company’s stock after selling 5,254,503 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.83% of SoFi Technologies worth $105,341,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in shares of SoFi Technologies during the fourth quarter valued at $32,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of SoFi Technologies by 2,200.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company’s stock valued at $27,000 after acquiring an additional 2,200 shares during the period. Headlands Technologies LLC bought a new position in shares of SoFi Technologies during the first quarter valued at $28,000. Garde Capital Inc. bought a new stake in SoFi Technologies during the 1st quarter worth approximately $31,000. Finally, Larson Financial Group LLC grew its position in SoFi Technologies by 127.1% during the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company’s stock worth $32,000 after acquiring an additional 1,519 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Stock Performance

SOFI stock opened at $25.02 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. The company has a 50 day moving average price of $20.32 and a 200 day moving average price of $15.54. SoFi Technologies, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $25.25. The stock has a market capitalization of $29.96 billion, a PE ratio of 52.13, a price-to-earnings-growth ratio of 3.10 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data 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. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The firm had revenue of $519.37 million during the quarter, compared to analysts’ expectations of $801.94 million. During the same quarter in the previous year, the company posted $0.01 EPS. SoFi Technologies’s revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 66,847 shares of SoFi Technologies stock in a transaction on Friday, June 20th. The shares were sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the completion of the sale, the chief technology officer owned 724,321 shares of the company’s stock, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Magdalena Yesil sold 87,140 shares of SoFi Technologies 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 sale, the director directly owned 289,258 shares of the company’s stock, valued at $4,162,422.62. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 272,239 shares of company stock valued at $4,123,194. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SOFI shares. Citizens Jmp lowered SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods increased their price target on SoFi Technologies from $13.00 to $14.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Rothschild & Co Redburn started coverage on SoFi Technologies in a research report on Friday, August 1st. They set a “neutral” rating and a $20.50 price target on the stock. TD Cowen started coverage on SoFi Technologies in a research report on Friday, July 11th. They set a “hold” rating and a $21.00 price target on the stock. Finally, Mizuho set a $26.00 price target on SoFi Technologies and gave the stock an “outperform” rating in a research report on Thursday, July 31st. One research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.35.

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.