Nordea Investment Management AB Grows Position in SoFi Technologies, Inc. $SOFI

Nordea Investment Management AB boosted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 945,897 shares of the company’s stock after purchasing an additional 9,301 shares during the period. Nordea Investment Management AB’s holdings in SoFi Technologies were worth $17,646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SOFI. Brighton Jones LLC lifted its position in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after purchasing an additional 14,281 shares in the last quarter. Farther Finance Advisors LLC lifted its position in SoFi Technologies by 73.3% during the first quarter. Farther Finance Advisors LLC now owns 4,348 shares of the company’s stock valued at $52,000 after purchasing an additional 1,839 shares in the last quarter. GAMMA Investing LLC lifted its position in SoFi Technologies by 39.8% during the first quarter. GAMMA Investing LLC now owns 8,283 shares of the company’s stock valued at $96,000 after purchasing an additional 2,358 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in SoFi Technologies by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 450,089 shares of the company’s stock valued at $5,235,000 after purchasing an additional 8,432 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of SoFi Technologies by 17.6% in the first quarter. Janney Montgomery Scott LLC now owns 147,931 shares of the company’s stock valued at $1,720,000 after acquiring an additional 22,187 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Trading Down 0.2%

Shares of SOFI stock opened at $26.54 on Monday. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $30.30. 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’s 50-day moving average price is $26.13 and its 200-day moving average price is $19.27. The stock has a market capitalization of $31.78 billion, a price-to-earnings ratio of 55.29, a price-to-earnings-growth ratio of 3.15 and a beta of 1.92.

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

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the sale, the chief technology officer directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 10,036 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.86, for a total value of $279,602.96. Following the sale, the executive vice president directly owned 285,410 shares in the company, valued at $7,951,522.60. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,347 shares of company stock worth $3,228,852 over the last three months. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on SOFI shares. TD Cowen started coverage on SoFi Technologies in a research report on Friday, July 11th. They issued a “hold” rating and a $21.00 price objective on the stock. Rothschild & Co Redburn started coverage on SoFi Technologies in a research report on Friday, August 1st. They issued a “neutral” rating and a $20.50 price objective on the stock. Needham & Company LLC boosted their price objective on SoFi Technologies from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Finally, Cowen started coverage on SoFi Technologies in a research report on Friday, July 11th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.71.

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.