American Century Companies Inc. Purchases 7,358 Shares of SoFi Technologies, Inc. $SOFI

American Century Companies Inc. raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 2.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 296,556 shares of the company’s stock after purchasing an additional 7,358 shares during the quarter. American Century Companies Inc.’s holdings in SoFi Technologies were worth $3,449,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Two Sigma Advisers LP bought a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $299,980,000. Voloridge Investment Management LLC purchased a new stake in SoFi Technologies during the 4th quarter valued at $75,139,000. Nuveen LLC bought a new stake in shares of SoFi Technologies in the 1st quarter worth $47,616,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of SoFi Technologies by 58.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company’s stock worth $50,467,000 after purchasing an additional 1,598,721 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of SoFi Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock valued at $1,156,805,000 after purchasing an additional 1,130,250 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

Analysts Set New Price Targets

SOFI has been the subject of several research analyst reports. Rothschild & Co Redburn assumed coverage on SoFi Technologies in a report on Friday, August 1st. They issued a “neutral” rating and a $20.50 price objective for the company. Stephens started coverage on shares of SoFi Technologies in a research note on Thursday, June 12th. They issued an “overweight” rating and a $20.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of SoFi Technologies in a report on Monday, July 14th. They set a “neutral” rating and a $19.00 price objective for the company. Truist Financial set a $23.00 target price on shares of SoFi Technologies in a report on Monday, August 4th. Finally, Citigroup lifted their target price on shares of SoFi Technologies from $18.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.35.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $25.54 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $30.58 billion, a PE ratio of 53.21, a price-to-earnings-growth ratio of 3.15 and a beta of 1.93. The firm’s 50 day moving average price is $21.38 and its 200-day moving average price is $15.91. SoFi Technologies, Inc. has a twelve month low of $6.75 and a twelve month high of $26.60.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The business had revenue of $519.37 million during the quarter, compared to analysts’ expectations of $801.94 million. During the same period in the prior year, the company earned $0.01 earnings per share. The firm’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. Equities research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 66,847 shares of the firm’s stock in a transaction on 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 transaction, the chief technology officer directly owned 724,321 shares of the company’s stock, valued at approximately $11,263,191.55. This trade represents a 8.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 10,578 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the sale, the executive vice president directly owned 234,622 shares of the company’s stock, valued at $5,192,184.86. This represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 272,239 shares of company stock worth $4,123,194 in the last three months. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies 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.