Marshall Wace LLP Increases Stock Position in SoFi Technologies, Inc. $SOFI

Marshall Wace LLP increased its holdings in SoFi Technologies by 88.2% in Q2, owning 7,997,146 shares worth $145.6 million. SoFi's stock opened at $29.60, with a market cap of $35.69 billion. Analysts set new price targets: Mizuho at $38, Citigroup at $37, Morgan Stanley at $18. Insiders sold 175,277 shares worth $4.69 million recently. SoFi's Q3 EPS was $0.11, beating estimates, with revenue up 37.7% year-over-year.

Marshall Wace LLP raised its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 88.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,997,146 shares of the company's stock after purchasing an additional 3,748,817 shares during the period. Marshall Wace LLP owned approximately 0.72% of SoFi Technologies worth $145,628,000 at the end of the most recent quarter.

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SoFi Technologies: From Fintech Speculation to Profit Engine

A number of other hedge funds and other institutional investors have also recently modified their holdings of SOFI. Headlands Technologies LLC bought a new stake in SoFi Technologies in the 1st quarter worth about $28,000. SVB Wealth LLC bought a new stake in shares of SoFi Technologies in the first quarter worth approximately $28,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of SoFi Technologies in the first quarter worth approximately $39,000. TD Private Client Wealth LLC raised its holdings in shares of SoFi Technologies by 153.9% during the second quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company's stock valued at $47,000 after purchasing an additional 1,553 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in SoFi Technologies during the second quarter valued at approximately $61,000. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Stock Performance

Shares of SOFI opened at $29.60 on Friday. The business has a 50-day simple moving average of $28.21 and a two-hundred day simple moving average of $23.19. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The stock has a market cap of $35.69 billion, a price-to-earnings ratio of 54.82, a PEG ratio of 2.83 and a beta of 1.93.

NU Stock: U.S. Bank License May Be the Next Growth Catalyst

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced 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 return on equity of 5.12% and a net margin of 19.29%.The company had revenue of $949.63 million during the quarter, compared to the consensus estimate of $880.33 million. During the same period in the previous year, the company posted $0.05 EPS. The firm's revenue was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity

In related news, insider Arun Pinto sold 46,132 shares of SoFi Technologies stock in a transaction on Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the transaction, the insider owned 138,396 shares in the company, valued at approximately $3,426,684.96. The trade was a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction 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 sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 175,277 shares of company stock worth $4,694,595 in the last three months. Company insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Mortgage Pressures Ease, 3 Stocks to Rally on Lower Rates

Several equities research analysts recently issued reports on the stock. Mizuho set a $38.00 target price on shares of SoFi Technologies in a report on Thursday, October 30th. BTIG Research reaffirmed a "neutral" rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Morgan Stanley upped their price objective on SoFi Technologies from $13.00 to $18.00 and gave the company an "underweight" rating in a research report on Monday, September 29th. Citigroup increased their target price on SoFi Technologies from $28.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, October 29th. Finally, Jefferies Financial Group restated a "buy" rating and set a $35.00 price target 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 issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, SoFi Technologies has a consensus rating of "Hold" and an average price target of $24.88.

Read Our Latest Research Report on SoFi Technologies

SoFi Technologies Profile

(Free Report)

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.

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