SoFi Technologies, Inc. $SOFI Shares Purchased by RFG Advisory LLC

RFG Advisory LLC raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 224,941 shares of the company’s stock after acquiring an additional 29,103 shares during the period. RFG Advisory LLC’s holdings in SoFi Technologies were worth $4,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SOFI. NewEdge Advisors LLC lifted its stake in shares of SoFi Technologies by 38.0% in the 2nd quarter. NewEdge Advisors LLC now owns 555,799 shares of the company’s stock valued at $9,965,000 after purchasing an additional 153,164 shares in the last quarter. Hudock Inc. grew its holdings in shares of SoFi Technologies by 22.0% during the 2nd quarter. Hudock Inc. now owns 84,074 shares of the company’s stock worth $1,507,000 after purchasing an additional 15,184 shares during the period. Arizona State Retirement System increased its position in SoFi Technologies by 6.5% during the 2nd quarter. Arizona State Retirement System now owns 365,633 shares of the company’s stock worth $6,556,000 after purchasing an additional 22,270 shares in the last quarter. Nykredit A S purchased a new position in SoFi Technologies in the second quarter valued at approximately $5,612,000. Finally, Amundi raised its holdings in SoFi Technologies by 7.2% in the second quarter. Amundi now owns 1,836,761 shares of the company’s stock valued at $32,933,000 after buying an additional 123,570 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Trading Down 3.8%

SoFi Technologies stock opened at $17.33 on Thursday. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $17.87 and a two-hundred day moving average price of $17.43. The firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 1.48 and a beta of 2.20. SoFi Technologies, Inc. has a 52-week low of $14.88 and a 52-week high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company earned $0.08 EPS. SoFi Technologies’s quarterly revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several research reports. Piper Sandler started coverage on shares of SoFi Technologies in a research note on Monday, August 17th. They set an “overweight” rating and a $22.00 price objective for the company. Mizuho cut their price objective on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Truist Financial boosted their price objective on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group upped their target price on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley lowered their target price on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.52.

Key Stories Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: SoFi’s partnership with Payward, the parent company of Kraken, is intended to connect SoFi’s banking infrastructure with digital-asset markets. The arrangement could expand payment, settlement and stablecoin-related activity, although investors have not yet assigned significant value to the opportunity. SoFi, Payward Team up to Connect Banking and Crypto Markets
• Positive Sentiment: Several commentators remain constructive on the long-term outlook. One analyst rated SoFi a Strong Buy with a $23 price target, citing lending growth, its Loan Platform Business, cross-selling, SoFi Plus and expanding technology-platform revenue. Jim Cramer also reiterated that he has been a longtime believer in the company. SoFi Technologies: Growth Is Doing The Heavy Lifting
• Neutral Sentiment: A trade-alert article presents an options strategy based on the possibility of a rebound. This is market positioning rather than a change to SoFi’s earnings outlook and may contribute to short-term volatility. SOFI trade alert
• Negative Sentiment: The stock declined despite the Kraken-related announcement and S&P 500 inclusion speculation, suggesting investors may be taking profits and demanding more tangible financial results before bidding the shares higher. Broader weakness in fintech also pressured sentiment, while SoFi’s elevated growth-stock valuation leaves it sensitive to risk reduction. SoFi Dips Despite Kraken Tie-Up
• Negative Sentiment: Chime’s planned acquisition of Stride Bank highlights intensifying competition among digital banks seeking lower funding costs and greater control over banking infrastructure. The deal is not a direct SoFi development, but it reinforces the need for SoFi to continue executing on its bank-charter and cross-selling advantages. Chime Finds Its Stride in a $590M Deal

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the transaction, the executive vice president directly owned 356,442 shares of the company’s stock, valued at $6,415,956. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 136,505 shares of company stock valued at $2,418,096. 2.50% of the stock is owned by insiders.

About SoFi Technologies

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.