SoFi Technologies, Inc. $SOFI Stock Bought by D.A. Davidson & CO.

D.A. Davidson & CO. raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 33.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 397,064 shares of the company’s stock after acquiring an additional 99,405 shares during the period. D.A. Davidson & CO.’s holdings in SoFi Technologies were worth $6,242,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital Advisors Inc. OK boosted its position in shares of SoFi Technologies by 2.2% during the second quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company’s stock worth $508,000 after acquiring an additional 615 shares during the last quarter. CX Institutional increased its holdings in SoFi Technologies by 36.2% in the 2nd quarter. CX Institutional now owns 2,477 shares of the company’s stock valued at $44,000 after acquiring an additional 658 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in SoFi Technologies by 44.2% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company’s stock valued at $35,000 after acquiring an additional 689 shares during the last quarter. Archer Investment Corp lifted its stake in SoFi Technologies by 27.6% in the 1st quarter. Archer Investment Corp now owns 3,191 shares of the company’s stock worth $51,000 after purchasing an additional 691 shares in the last quarter. Finally, Fermata Advisors LLC lifted its stake in SoFi Technologies by 4.9% in the 2nd quarter. Fermata Advisors LLC now owns 15,429 shares of the company’s stock worth $277,000 after purchasing an additional 719 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Key SoFi Technologies News

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

• Positive Sentiment: Strong earnings and raised outlook: SoFi reported its sixth consecutive earnings beat, with third-quarter revenue up 44% year over year to $1.37 billion and EPS of $0.18 versus the $0.17 consensus. Adjusted EBITDA reached a record $470 million, and management issued 2027 guidance above Wall Street expectations, including approximately $6.4 billion in revenue and $0.90 in EPS. SoFi Technologies: 2027 Growth Outlook Looks Underpriced
• Positive Sentiment: Improving profitability and funding economics: Expanding net interest margin, lower-cost deposits and growing fee-based businesses are strengthening SoFi’s earnings model. Analysts highlighted a 6.14% net interest margin, 17% capital ratio and favorable credit trends, including lower net charge-offs. SoFi’s $745 Million Advantage Is Hiding in Deposits
• Positive Sentiment: More bullish analyst views: Keefe, Bruyette & Woods raised its price target, while Wells Fargo forecast significant appreciation. One analyst estimated fair value of $23–$26, implying substantial upside from recent levels. SoFi Price Target Boost
• Positive Sentiment: Expansion beyond traditional lending: SoFi plans to process approximately $25 billion of card volume on stablecoin rails, while its app is adding embedded Prudential life-insurance products. These initiatives could diversify revenue and deepen member engagement. SoFi Stablecoin Card Payments
• Neutral Sentiment: Execution remains the key test: Commentators noted that previous post-earnings rallies faded, making the next several quarters important for proving that the 2027 targets are achievable. SoFi Execution Must Continue
• Negative Sentiment: Valuation and profit-taking pressure: Although forward valuation appears reasonable relative to projected EPS growth, SOFI remains a high-beta stock. Investors may be locking in gains after the earnings rally and questioning whether exceptional growth can continue, contributing to the stock’s decline despite favorable fundamentals.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $17.50, for a total transaction of $325,920.00. Following the completion of the transaction, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. The trade was a 2.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were 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. The trade was a 3.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 50,316 shares of company stock valued at $852,605 over the last ninety days. 2.50% of the stock is owned by insiders.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI opened at $16.76 on Friday. The firm has a fifty day simple moving average of $16.58 and a two-hundred day simple moving average of $17.89. SoFi Technologies, Inc. has a 52 week low of $13.86 and a 52 week high of $32.73. 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 stock has a market capitalization of $21.65 billion, a P/E ratio of 30.47, a PEG ratio of 0.95 and a beta of 2.33.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.25 billion. SoFi Technologies had a return on equity of 6.89% and a net margin of 15.60%. The firm’s revenue for the quarter was up 44.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. On average, analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SOFI. Truist Financial cut their price objective on SoFi Technologies from $19.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, October 23rd. Keefe, Bruyette & Woods boosted their target price on SoFi Technologies from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Wednesday. The Goldman Sachs Group set a $15.00 price target on SoFi Technologies in a research note on Tuesday, October 13th. Needham & Company LLC restated a “buy” rating and set a $24.00 price target on shares of SoFi Technologies in a report on Wednesday. Finally, Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.23.

SoFi Technologies Profile

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.