SoFi Technologies, Inc. $SOFI Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 135.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 306,795 shares of the company’s stock after acquiring an additional 176,492 shares during the period. HighTower Advisors LLC’s holdings in SoFi Technologies were worth $8,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. acquired a new stake in SoFi Technologies in the 4th quarter valued at about $25,000. Blue Trust Inc. grew its stake in SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after acquiring an additional 878 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in SoFi Technologies in the 4th quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SoFi Technologies in the 4th quarter valued at about $29,000. Finally, Quaker Wealth Management LLC grew its stake in SoFi Technologies by 2,745.2% in the 4th quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company’s stock valued at $31,000 after acquiring an additional 1,153 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SOFI has been the topic of a number of research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Morgan Stanley set a $16.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Truist Financial lowered their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, May 12th. JPMorgan Chase & Co. raised shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research note on Tuesday, February 3rd. Finally, Weiss Ratings raised shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.56.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 10,037 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total transaction of $155,874.61. Following the sale, the executive vice president directly owned 323,247 shares of the company’s stock, valued at $5,020,025.91. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 94,958 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the transaction, the chief technology officer owned 839,640 shares in the company, valued at approximately $14,634,925.20. The trade was a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 124,479 shares of company stock valued at $2,163,556 in the last ninety days. Insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $15.98 on Wednesday. SoFi Technologies, Inc. has a 12-month low of $12.86 and a 12-month high of $32.73. The stock has a market capitalization of $20.50 billion, a P/E ratio of 36.32 and a beta of 2.12. The firm’s 50-day moving average is $16.70 and its two-hundred day moving average is $21.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities analysts predict that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

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.