Florida Financial Advisors LLC Invests $742,000 in SoFi Technologies, Inc. $SOFI

Florida Financial Advisors LLC purchased a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,369 shares of the company’s stock, valued at approximately $742,000.

Other large investors also recently modified their holdings of the company. Lake Street Private Wealth LLC lifted its position in SoFi Technologies by 4.9% in the 4th quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock valued at $219,000 after purchasing an additional 390 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its position in SoFi Technologies by 0.4% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock valued at $2,866,000 after purchasing an additional 401 shares during the last quarter. First Horizon Corp lifted its position in SoFi Technologies by 14.9% in the 4th quarter. First Horizon Corp now owns 3,116 shares of the company’s stock valued at $82,000 after purchasing an additional 405 shares during the last quarter. Cigna Investments Inc. New lifted its position in SoFi Technologies by 3.8% in the 4th quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock valued at $299,000 after purchasing an additional 416 shares during the last quarter. Finally, Assetmark Inc. lifted its position in SoFi Technologies by 50.5% in the 3rd quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock valued at $34,000 after purchasing an additional 427 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Stock Up 2.0%

SOFI stock opened at $18.58 on Tuesday. The company’s 50 day simple moving average is $16.72 and its 200-day simple moving average is $21.50. SoFi Technologies, Inc. has a 52-week low of $13.09 and a 52-week high of $32.73. The firm has a market capitalization of $23.83 billion, a P/E ratio of 42.23 and a beta of 2.14. 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 announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group cut their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Truist Financial dropped their price target on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, May 12th. Barclays dropped their price target on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Needham & Company LLC dropped their price target on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Stephens dropped their price target on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.56.

SoFi Technologies News Roundup

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

• Positive Sentiment: SoFi appointed former Visa executive Kathleen Pierce-Gilmore as president of technology solutions, a move that could strengthen leadership and help expand the company’s fintech platform and partnerships. SoFi Names Visa Vet Kathleen Pierce-Gilmore President
• Positive Sentiment: Multiple market notes say SOFI is drawing heavy investor and retail attention, with articles highlighting a strong recent rally and unusually high trading volume, which can reinforce momentum in the stock. Investors Heavily Search SoFi Technologies, Inc. (SOFI): Here is What You Need to Know
• Positive Sentiment: Commentary around SoFi’s transformation from a student-loan lender into a broader fintech platform is helping support the bull case and keeping the stock in the spotlight. Inside SoFi’s shocking transformation from student loan company to fintech powerhouse
• Neutral Sentiment: SoFi was mentioned as a potential venue for SpaceX IPO access and in broader market wrapups, but these items do not appear to materially change near-term fundamentals. How to Try to Buy SpaceX Stock at the IPO Price
• Neutral Sentiment: One article asked whether SOFI could double this year, but framed that outcome as a stretch, which adds attention more than it changes the investment thesis. Prediction: Will SoFi Stock Double This Year?
• Negative Sentiment: A skeptical stock-prediction piece suggested SoFi’s recent rebound may not be enough to justify another major leg higher, which could temper enthusiasm after the rally. Prediction: Will SoFi Stock Double This Year?

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,037 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total transaction of $155,874.61. Following the transaction, the executive vice president directly owned 323,247 shares of the company’s stock, valued at approximately $5,020,025.91. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 94,958 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the transaction, the chief technology officer directly owned 839,640 shares in the company, valued at $14,634,925.20. The trade was a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 124,479 shares of company stock valued at $2,163,556. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Profile

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.