Global Retirement Partners LLC Makes New $1.89 Million Investment in SoFi Technologies, Inc. $SOFI

Global Retirement Partners LLC bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 103,797 shares of the company’s stock, valued at approximately $1,890,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intellus Advisors LLC raised its stake in shares of SoFi Technologies by 12.3% in the second quarter. Intellus Advisors LLC now owns 140,923 shares of the company’s stock worth $2,566,000 after acquiring an additional 15,490 shares during the last quarter. Waterloo Capital L.P. acquired a new stake in shares of SoFi Technologies in the second quarter valued at approximately $243,000. Prudential Financial Inc. raised its position in SoFi Technologies by 23.9% in the 2nd quarter. Prudential Financial Inc. now owns 83,756 shares of the company’s stock worth $1,525,000 after purchasing an additional 16,146 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in SoFi Technologies by 2.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,628,309 shares of the company’s stock worth $120,702,000 after buying an additional 155,583 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in SoFi Technologies by 23.2% in the 2nd quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock valued at $251,000 after buying an additional 2,596 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $28.49 on Thursday. The stock has a market cap of $34.36 billion, a PE ratio of 52.76, a price-to-earnings-growth ratio of 2.76 and a beta of 1.93. The stock has a 50-day moving average of $28.16 and a 200-day moving average of $22.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Mizuho set a $38.00 target price on SoFi Technologies in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. Rothschild & Co Redburn initiated coverage on shares of SoFi Technologies in a research note on Friday, August 1st. They issued a “neutral” rating and a $20.50 target price on the stock. Truist Financial lowered their price target on shares of SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and a consensus price target of $24.88.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,340 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $273,286.20. Following the sale, the executive vice president owned 265,034 shares of the company’s stock, valued at approximately $7,004,848.62. This trade represents a 3.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Arun Pinto sold 46,132 shares of SoFi Technologies stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $24.76, for a total value of $1,142,228.32. Following the transaction, the insider owned 138,396 shares in the company, valued at $3,426,684.96. This trade represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 175,277 shares of company stock worth $4,694,595 in the last quarter. 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.