Fortis Group Advisors LLC Increases Stock Holdings in SoFi Technologies, Inc. $SOFI

Fortis Group Advisors LLC raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 94.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 130,817 shares of the company’s stock after buying an additional 63,420 shares during the quarter. Fortis Group Advisors LLC’s holdings in SoFi Technologies were worth $3,456,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Xcel Wealth Management LLC raised its position in shares of SoFi Technologies by 0.6% in the 3rd quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock valued at $1,874,000 after purchasing an additional 392 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its stake in SoFi Technologies by 3.1% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock valued at $373,000 after purchasing an additional 419 shares in the last quarter. Assetmark Inc. raised its holdings in shares of SoFi Technologies by 50.5% in the third quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock worth $34,000 after buying an additional 427 shares during the last quarter. Cigna Investments Inc. New lifted its stake in shares of SoFi Technologies by 4.2% during the third quarter. Cigna Investments Inc. New now owns 11,024 shares of the company’s stock worth $291,000 after buying an additional 446 shares during the period. Finally, Blume Capital Management Inc. grew its holdings in shares of SoFi Technologies by 52.9% during the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock valued at $34,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insider Activity

In other SoFi Technologies news, General Counsel Robert S. Lavet bought 5,000 shares of SoFi Technologies stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $21.04 per share, with a total value of $105,200.00. Following the purchase, the general counsel directly owned 17,172 shares in the company, valued at $361,298.88. This represents a 41.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven J. Freiberg sold 94,225 shares of SoFi Technologies stock in a transaction on Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the completion of the sale, the director directly owned 588,849 shares in the company, valued at $11,959,523.19. This represents a 13.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 261,470 shares of company stock worth $6,276,524. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on SOFI shares. Citigroup lifted their price target on SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a report on Thursday, January 22nd. JPMorgan Chase & Co. upgraded shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Tuesday, February 3rd. BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.78.

SoFi Technologies Trading Down 0.5%

Shares of NASDAQ:SOFI opened at $19.51 on Wednesday. The company has a market capitalization of $23.53 billion, a PE ratio of 51.34 and a beta of 2.13. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $32.73. The business has a 50 day moving average of $25.04 and a two-hundred day moving average of $26.25. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 6.48%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. During the same period in the previous year, the firm earned $0.05 EPS. The business’s quarterly revenue was up 39.6% on a year-over-year basis. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

SoFi Technologies 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.