Moors & Cabot Inc. Cuts Holdings in SoFi Technologies, Inc. $SOFI

Moors & Cabot Inc. decreased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 5.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 654,397 shares of the company’s stock after selling 35,617 shares during the quarter. SoFi Technologies accounts for about 0.8% of Moors & Cabot Inc.’s portfolio, making the stock its 23rd largest position. Moors & Cabot Inc.’s holdings in SoFi Technologies were worth $17,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new position in shares of SoFi Technologies during the 3rd quarter valued at about $29,000. SJS Investment Consulting Inc. lifted its position in SoFi Technologies by 840.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Blume Capital Management Inc. boosted its stake in SoFi Technologies by 52.9% in the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock worth $34,000 after buying an additional 450 shares in the last quarter. Assetmark Inc. boosted its stake in 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 in the last quarter. Finally, Bessemer Group Inc. bought a new position in SoFi Technologies during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 91,837 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total value of $2,446,537.68. Following the sale, the chief technology officer directly owned 794,598 shares of the company’s stock, valued at $21,168,090.72. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Freiberg sold 94,225 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $20.31, for a total value of $1,913,709.75. Following the transaction, the director directly owned 588,849 shares of the company’s stock, valued at $11,959,523.19. The trade was a 13.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 214,753 shares of company stock valued at $5,045,087 in the last quarter. 2.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SOFI has been the topic of several research reports. UBS Group set a $24.50 price target on shares of SoFi Technologies in a research note on Monday, February 2nd. Bank of America began coverage on shares of SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price objective for the company. Citizens Jmp upgraded shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Monday, February 9th. Needham & Company LLC cut their price target on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Tuesday, February 3rd. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and an average target price of $26.34.

SoFi Technologies Stock Down 0.7%

Shares of SoFi Technologies stock opened at $17.63 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. SoFi Technologies, Inc. has a 52-week low of $8.60 and a 52-week high of $32.73. The company’s 50 day moving average price is $21.87 and its 200-day moving average price is $25.60. The stock has a market capitalization of $22.48 billion, a price-to-earnings ratio of 46.40 and a beta of 2.21.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly 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. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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.