SoFi Technologies, Inc. $SOFI Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. grew its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 22.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 267,848 shares of the company’s stock after buying an additional 48,682 shares during the quarter. D.A. Davidson & CO.’s holdings in SoFi Technologies were worth $4,253,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SOFI. Lake Street Private Wealth LLC increased its position in shares of SoFi Technologies by 4.9% during the fourth quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock worth $219,000 after purchasing an additional 390 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its holdings 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 in the last quarter. First Horizon Corp lifted its holdings 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 in the last quarter. Cigna Investments Inc. New boosted its stake in SoFi Technologies by 3.8% during the 4th quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock worth $299,000 after purchasing an additional 416 shares during the last quarter. Finally, Wealthspan Partners LLC boosted its stake in SoFi Technologies by 2.4% during the 4th quarter. Wealthspan Partners LLC now owns 18,901 shares of the company’s stock worth $495,000 after purchasing an additional 450 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Anthony Noto purchased 15,545 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. This represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelli Keough sold 10,954 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total value of $190,051.90. Following the completion of the transaction, the executive vice president owned 378,682 shares in the company, valued at $6,570,132.70. This represents a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 134,044 shares of company stock valued at $2,370,056 in the last 90 days. Company insiders own 2.50% of the company’s stock.

SoFi Technologies Stock Down 0.2%

Shares of SOFI opened at $17.28 on Friday. SoFi Technologies, Inc. has a 52-week low of $14.92 and a 52-week high of $32.73. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $17.10 and a two-hundred day simple moving average of $19.16. The company has a market capitalization of $22.17 billion, a PE ratio of 39.27 and a beta of 2.14.

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. 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 during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm posted $0.06 earnings per share. SoFi Technologies’s quarterly 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 analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Argus assumed coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They issued a “hold” rating for the company. UBS Group decreased their price target on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Stephens lowered 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. Citigroup dropped their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, Barclays cut their price objective on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.78.

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.