SoFi Technologies (NASDAQ:SOFI) General Counsel Sells 1,188 Shares

SoFi Technologies, Inc. (NASDAQ:SOFI) General Counsel Robert Lavet sold 1,188 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $17.55, for a total transaction of $20,849.40. Following the completion of the sale, the general counsel owned 88,200 shares in the company, valued at $1,547,910. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SoFi Technologies Stock Down 4.5%

NASDAQ:SOFI traded down $0.81 during midday trading on Monday, reaching $17.10. 75,197,182 shares of the stock traded hands, compared to its average volume of 66,709,109. SoFi Technologies, Inc. has a 12-month low of $14.64 and a 12-month high of $32.73. The business has a 50-day moving average of $16.96 and a two-hundred day moving average of $20.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The stock has a market capitalization of $21.93 billion, a PE ratio of 38.86 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company earned $0.06 earnings per share. The business’s revenue for the quarter was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Firsthand Capital Management Inc. lifted its stake in SoFi Technologies by 60.0% in the third quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock worth $2,114,000 after acquiring an additional 30,000 shares during the last quarter. SG Americas Securities LLC boosted its stake in SoFi Technologies by 161.6% in the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock valued at $23,625,000 after acquiring an additional 557,390 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after purchasing an additional 3,900,895 shares during the last quarter. North Dakota State Investment Board acquired a new stake in shares of SoFi Technologies during the fourth quarter worth about $1,044,000. Finally, Thoroughbred Financial Services LLC increased its position in shares of SoFi Technologies by 212.2% during the third quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company’s stock worth $1,060,000 after purchasing an additional 27,283 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SOFI. Wells Fargo & Company decreased their price target on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Morgan Stanley set a $16.00 price target on SoFi Technologies in a research note on Thursday, April 30th. Keefe, Bruyette & Woods cut their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Argus assumed coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They set a “hold” rating on the stock. Finally, TD Cowen cut their price target on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and an average target price of $22.56.

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.