Public Employees Retirement System of Ohio Grows Stock Position in SoFi Technologies, Inc. $SOFI

Public Employees Retirement System of Ohio grew its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 330,122 shares of the company’s stock after acquiring an additional 1,193 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in SoFi Technologies were worth $6,012,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new position in shares of SoFi Technologies in the first quarter worth about $47,616,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in SoFi Technologies by 58.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company’s stock worth $50,467,000 after buying an additional 1,598,721 shares during the period. Vanguard Group Inc. raised its position in SoFi Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock worth $1,156,805,000 after buying an additional 1,130,250 shares during the last quarter. Sierra Summit Advisors LLC acquired a new stake in SoFi Technologies during the 1st quarter valued at approximately $9,715,000. Finally, SG Americas Securities LLC boosted its holdings in shares of SoFi Technologies by 138.3% in the 1st quarter. SG Americas Securities LLC now owns 156,465 shares of the company’s stock valued at $1,820,000 after acquiring an additional 565,390 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $27.98 on Monday. 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 firm has a 50-day simple moving average of $24.54 and a 200-day simple moving average of $17.74. SoFi Technologies, Inc. has a 52 week low of $7.57 and a 52 week high of $30.30. The stock has a market capitalization of $33.50 billion, a price-to-earnings ratio of 58.29, a price-to-earnings-growth ratio of 3.32 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results 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. The business had revenue of $519.37 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,578 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the transaction, the chief technology officer owned 759,553 shares of the company’s stock, valued at $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,614 shares of company stock worth $3,452,672 over the last ninety days. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial set a $23.00 target price on shares of SoFi Technologies in a research report on Monday, August 4th. Citigroup boosted their price objective on SoFi Technologies from $18.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Redburn Atlantic upgraded SoFi Technologies to a “hold” rating in a research note on Friday, August 1st. Cowen started coverage on SoFi Technologies in a report on Friday, July 11th. They set a “hold” rating on the stock. Finally, Morgan Stanley reissued an “underweight” rating and issued a $13.00 price target (up from $11.00) on shares of SoFi Technologies in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.88.

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.