Penserra Capital Management LLC Makes New $439,000 Investment in SoFi Technologies, Inc. $SOFI

Penserra Capital Management LLC acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 24,109 shares of the company’s stock, valued at approximately $439,000.

A number of other institutional investors have also recently modified their holdings of SOFI. Hazlett Burt & Watson Inc. boosted its holdings in shares of SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company’s stock valued at $27,000 after purchasing an additional 2,200 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of SoFi Technologies during the first quarter worth $28,000. SVB Wealth LLC bought a new stake in shares of SoFi Technologies in the 1st quarter valued at about $28,000. Larson Financial Group LLC increased 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 valued at $32,000 after purchasing an additional 1,519 shares during the period. Finally, MCF Advisors LLC raised its stake in SoFi Technologies by 119.3% during the first quarter. MCF Advisors LLC now owns 3,072 shares of the company’s stock worth $36,000 after buying an additional 1,671 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $32.21 on Thursday. The firm has a market cap of $38.57 billion, a PE ratio of 59.65, a price-to-earnings-growth ratio of 3.02 and a beta of 1.93. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $32.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.14 and a current ratio of 0.80. The business has a 50 day moving average price of $28.01 and a 200-day moving average price of $21.63.

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

Insider Activity

In related news, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the transaction, the chief technology officer 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 10,578 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was 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 approximately $5,192,184.86. The trade was a 4.31% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 129,383 shares of company stock valued at $3,513,171. 2.60% of the stock is owned by insiders.

Analysts Set New Price Targets

SOFI has been the topic of several research analyst reports. Needham & Company LLC increased their target price on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Citigroup raised their price objective on SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. Morgan Stanley raised their price objective on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $35.00 target price on shares of SoFi Technologies in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.06.

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.