Waterloo Capital L.P. Buys Shares of 13,318 SoFi Technologies, Inc. $SOFI

Waterloo Capital L.P. purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,318 shares of the company’s stock, valued at approximately $243,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in SoFi Technologies by 0.8% in the second quarter. Vanguard Group Inc. now owns 100,287,485 shares of the company’s stock valued at $1,826,235,000 after buying an additional 820,190 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of SoFi Technologies by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,628,309 shares of the company’s stock valued at $120,702,000 after acquiring an additional 155,583 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in SoFi Technologies by 12.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock worth $88,864,000 after acquiring an additional 540,610 shares during the last quarter. ARK Investment Management LLC grew its holdings in SoFi Technologies by 118.5% during the second quarter. ARK Investment Management LLC now owns 4,424,155 shares of the company’s stock valued at $80,564,000 after purchasing an additional 2,399,746 shares during the period. Finally, Nuveen LLC bought a new stake in SoFi Technologies in the first quarter valued at approximately $47,616,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods lifted their target price on SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Truist Financial decreased their target price on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Tuesday. Rothschild & Co Redburn began coverage on SoFi Technologies in a report on Friday, August 1st. They issued a “neutral” rating and a $20.50 price target for the company. Finally, Morgan Stanley raised their price target on SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.88.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $28.33 on Wednesday. The company has a fifty day moving average price of $28.13 and a 200 day moving average price of $22.57. The firm has a market cap of $34.16 billion, a PE ratio of 52.46, a PEG ratio of 2.67 and a beta of 1.93. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. SoFi Technologies, Inc. has a 1-year low of $8.60 and a 1-year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The company’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 10,340 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $26.43, for a total value of $273,286.20. Following the sale, the executive vice president owned 265,034 shares of the company’s stock, valued at $7,004,848.62. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the transaction, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 175,277 shares of company stock worth $4,694,595. Corporate insiders own 2.60% of the company’s stock.

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.