SoFi Technologies, Inc. $SOFI Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,925,068 shares of the company’s stock after purchasing an additional 198,336 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.38% of SoFi Technologies worth $88,306,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in SoFi Technologies during the 2nd quarter worth approximately $1,298,925,000. North Dakota State Investment Board acquired a new stake in shares of SoFi Technologies in the fourth quarter worth $1,044,000. Brighton Jones LLC raised its holdings in shares of SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares during the last quarter. Alberta Investment Management Corp acquired a new position in SoFi Technologies during the fourth quarter valued at $13,299,000. Finally, Trek Financial LLC purchased a new stake in SoFi Technologies in the fourth quarter valued at $3,865,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Trading Down 4.6%

Shares of SoFi Technologies stock opened at $17.05 on Wednesday. The firm has a 50-day simple moving average of $17.85 and a two-hundred day simple moving average of $17.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. SoFi Technologies, Inc. has a fifty-two week low of $14.88 and a fifty-two week high of $32.73. The company has a market cap of $22.02 billion, a P/E ratio of 35.52 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.08 EPS. The company’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. As a group, equities analysts predict that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SOFI has been the topic of several analyst reports. Wells Fargo & Company cut their price target on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Truist Financial upped their target price on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Piper Sandler began coverage on SoFi Technologies in a research report on Monday, August 17th. They set an “overweight” rating and a $22.00 price target for the company. Finally, The Goldman Sachs Group boosted their price target on SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.42.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 11,286 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the transaction, the executive vice president owned 356,442 shares in the company, valued at $6,415,956. This trade represents a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares in the company, valued at $15,914,682.42. This represents a 10.24% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last three months, insiders sold 136,505 shares of company stock worth $2,418,096. 2.50% of the stock is owned by corporate insiders.

SoFi Technologies Company 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.