SoFi Technologies, Inc. $SOFI Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 32.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 167,461 shares of the company’s stock after selling 79,810 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in SoFi Technologies were worth $2,632,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in SoFi Technologies in the second quarter worth $1,298,925,000. Bank of America Corp DE bought a new position in SoFi Technologies during the second quarter valued at $163,808,000. Dimensional Fund Advisors LP raised its stake in shares of SoFi Technologies by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock valued at $144,539,000 after acquiring an additional 359,785 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of SoFi Technologies in the second quarter valued at $93,937,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of SoFi Technologies by 2.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company’s stock valued at $90,348,000 after acquiring an additional 156,218 shares during the period. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Down 4.8%

NASDAQ:SOFI opened at $16.76 on Friday. SoFi Technologies, Inc. has a twelve month low of $13.86 and a twelve month high of $32.73. The company has a market cap of $21.65 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.00 and a beta of 2.33. The stock has a fifty day simple moving average of $16.58 and a 200-day simple moving average of $17.89. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.25 billion. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.89%. The business’s revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. Analysts anticipate that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Key Stories Impacting SoFi Technologies

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.

Analysts Set New Price Targets

SOFI has been the subject of several analyst reports. Benchmark restated a “sector outperform” rating on shares of SoFi Technologies in a report on Wednesday. Piper Sandler began coverage on shares of SoFi Technologies in a report on Monday, August 17th. They set an “overweight” rating and a $22.00 price target on the stock. Weiss Ratings raised shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. TD Cowen raised their price objective on shares of SoFi Technologies from $17.50 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Company reissued a “negative” rating on shares of SoFi Technologies in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $21.23.

Insider Activity

In other news, EVP Kelli Keough sold 10,203 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $14.72, for a total transaction of $150,188.16. Following the completion of the sale, the executive vice president owned 397,870 shares of the company’s stock, valued at approximately $5,856,646.40. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the sale, the chief technology officer owned 912,650 shares of the company’s stock, valued at $15,971,375. The trade was a 2.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 50,316 shares of company stock valued at $852,605. 2.50% of the stock is owned by corporate insiders.

SoFi Technologies Company 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.