Emerald Mutual Fund Advisers Trust Acquires New Shares in SoFi Technologies, Inc. $SOFI

Emerald Mutual Fund Advisers Trust acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,392 shares of the company’s stock, valued at approximately $592,000.

A number of other institutional investors have also added to or reduced their stakes in SOFI. Vanguard Group Inc. raised its holdings in shares of SoFi Technologies by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 100,287,485 shares of the company’s stock valued at $1,826,235,000 after purchasing an additional 820,190 shares in the last quarter. Norges Bank purchased a new position in SoFi Technologies during the second quarter valued at approximately $164,068,000. Marshall Wace LLP raised its stake in SoFi Technologies by 88.2% in the second quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock worth $145,628,000 after buying an additional 3,748,817 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in SoFi Technologies by 2.4% during the second 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 during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in SoFi Technologies by 87.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,361,809 shares of the company’s stock valued at $168,079,000 after acquiring an additional 2,961,849 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Barclays raised their price target on shares of SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Citigroup raised their price target on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 price objective on shares of SoFi Technologies in a report on Tuesday, October 28th. Finally, UBS Group increased their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus target price of $25.50.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $25.85 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. The stock has a market capitalization of $31.17 billion, a PE ratio of 47.87, a P/E/G ratio of 1.64 and a beta of 1.92. 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 fifty day moving average of $27.09 and a two-hundred day moving average of $26.14.

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

Insiders Place Their Bets

In related news, insider Arun Pinto sold 46,132 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the completion of the sale, the insider directly owned 138,396 shares in the company, valued at approximately $3,426,684.96. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 9,468 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $25.75, for a total value of $243,801.00. Following the completion of the transaction, the executive vice president directly owned 303,480 shares of the company’s stock, valued at approximately $7,814,610. This represents a 3.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 167,245 shares of company stock worth $4,362,815. Corporate insiders own 2.60% of the company’s stock.

About SoFi Technologies

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.