Strs Ohio Makes New Investment in SoFi Technologies, Inc. $SOFI

Strs Ohio acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 84,598 shares of the company’s stock, valued at approximately $984,000.

A number of other large investors have also bought and sold shares of SOFI. Intech Investment Management LLC lifted its stake in shares of SoFi Technologies by 12.5% in the first quarter. Intech Investment Management LLC now owns 180,798 shares of the company’s stock valued at $2,103,000 after buying an additional 20,056 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of SoFi Technologies by 4.3% in the 1st quarter. Focus Partners Wealth now owns 314,342 shares of the company’s stock valued at $3,656,000 after purchasing an additional 12,831 shares in the last quarter. Integrity Alliance LLC. purchased a new stake in shares of SoFi Technologies in the 1st quarter valued at $187,000. Bayforest Capital Ltd purchased a new stake in SoFi Technologies during the 1st quarter valued at $490,000. Finally, SCS Capital Management LLC purchased a new stake in shares of SoFi Technologies in the 1st quarter worth about $193,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $28.11 on Friday. The stock has a market cap of $33.66 billion, a P/E ratio of 58.56, a P/E/G ratio of 3.22 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. The stock has a 50 day moving average of $23.65 and a two-hundred day moving average of $16.98. SoFi Technologies, Inc. has a twelve month low of $7.57 and a twelve month high of $28.58.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $519.37 million for the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Mizuho raised their price objective on shares of SoFi Technologies from $26.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday. Rothschild & Co Redburn assumed coverage on shares of SoFi Technologies in a research note on Friday, August 1st. They set a “neutral” rating and a $20.50 target price for the company. Barclays boosted their target price on shares of SoFi Technologies from $18.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods upped their price objective on SoFi Technologies from $13.00 to $14.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Finally, Needham & Company LLC lifted their price target on SoFi Technologies from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.88.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 10,578 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14. Following the transaction, the executive vice president owned 234,622 shares of the company’s stock, valued at $5,192,184.86. This represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.60% of the stock is owned by corporate insiders.

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.