SoFi Technologies (NASDAQ:SOFI) CEO Acquires $248,720.00 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) CEO Anthony Noto acquired 15,545 shares of SoFi Technologies stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $16.00 per share, with a total value of $248,720.00. Following the completion of the acquisition, the chief executive officer directly owned 11,946,619 shares in the company, valued at $191,145,904. This represents a 0.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Anthony Noto also recently made the following trade(s):

• On Tuesday, March 17th, Anthony Noto purchased 28,900 shares of SoFi Technologies stock. The shares were purchased at an average price of $17.32 per share, with a total value of $500,548.00.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock traded up $0.51 during trading hours on Monday, reaching $16.26. 55,016,189 shares of the stock traded hands, compared to its average volume of 63,782,602. The company has a 50 day moving average price of $17.44 and a 200 day moving average price of $23.09. The firm has a market capitalization of $20.73 billion, a price-to-earnings ratio of 36.94 and a beta of 2.12. SoFi Technologies, Inc. has a one year low of $12.74 and a one year high of $32.73. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The firm’s revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SOFI shares. TD Cowen decreased their price target on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Citigroup decreased their price target on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Needham & Company LLC decreased their price target on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Truist Financial reduced their target price on SoFi Technologies from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Tuesday, February 3rd. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.72.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Andra AP fonden boosted its holdings in SoFi Technologies by 1,213.5% in the first quarter. Andra AP fonden now owns 246,940 shares of the company’s stock worth $3,921,000 after acquiring an additional 228,140 shares in the last quarter. Florida Financial Advisors LLC boosted its holdings in SoFi Technologies by 24.9% in the first quarter. Florida Financial Advisors LLC now owns 35,435 shares of the company’s stock worth $563,000 after acquiring an additional 7,066 shares in the last quarter. Hollencrest Capital Management acquired a new stake in SoFi Technologies in the first quarter worth about $73,000. Meeder Advisory Services Inc. boosted its holdings in SoFi Technologies by 28.6% in the first quarter. Meeder Advisory Services Inc. now owns 32,923 shares of the company’s stock worth $523,000 after acquiring an additional 7,316 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in SoFi Technologies by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock worth $144,539,000 after acquiring an additional 359,785 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.