Fortis Group Advisors LLC Sells 54,860 Shares of SoFi Technologies, Inc. $SOFI

Fortis Group Advisors LLC reduced its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 41.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 75,957 shares of the company’s stock after selling 54,860 shares during the period. Fortis Group Advisors LLC’s holdings in SoFi Technologies were worth $1,989,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SOFI. Brighton Jones LLC raised its holdings in SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after buying an additional 14,281 shares during the period. Caxton Associates LLP bought a new position in shares of SoFi Technologies during the first quarter worth about $129,000. Empowered Funds LLC grew its holdings in shares of SoFi Technologies by 5.2% during the first quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock worth $385,000 after buying an additional 1,631 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of SoFi Technologies by 23.2% during the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock worth $251,000 after buying an additional 2,596 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of SoFi Technologies during the second quarter worth about $4,633,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Several articles are highlighting SoFi as a beaten-down high-growth name under $20, suggesting investors may be viewing the sell-off as overdone relative to the company’s underlying business momentum. 2 High-Growth Stocks Under $20 That Make for Screaming Buys Right Now
• Positive Sentiment: SoFi’s CEO reportedly bought 70,000 shares with personal funds, which can signal insider confidence and support investor sentiment. The SoFi CEO Just Bought 70000 Shares With His Own Money. Here Are Four More Under $30 Worth a Closer Look
• Positive Sentiment: Recent commentary points to strong Q1 2026 results, including record member additions, revenue growth, and higher net income, which support the bull case despite the stock pullback. A Look At SoFi Technologies SOFI Valuation After Q1 2026 Beat And Technology Platform Setback
• Neutral Sentiment: SoFi’s presentation at the J.P. Morgan technology conference may help management address investor concerns and explain the outlook, but it does not appear to be a major new catalyst by itself. SoFi Technologies Inc SOFI Presents at J.P. Morgan 54th Annual Global Technology Media and Communications Conference Transcript
• Negative Sentiment: Investor caution remains elevated because higher yields, inflation worries, and steady guidance are overshadowing the company’s growth story in the near term. Stock Market Today May 19 SoFi Technologies Extends Losses on Cautious Sentiment
• Negative Sentiment: Analyst and market commentary note scrutiny around SoFi’s revenue mix and the technology platform setback, along with concerns from a short-seller report, which has kept pressure on the stock. SoFi Growth Faces Scrutiny As Guidance Steady And Revenue Mix Shifts

SoFi Technologies Stock Performance

SOFI opened at $15.69 on Thursday. SoFi Technologies, Inc. has a 12-month low of $12.74 and a 12-month high of $32.73. The stock has a market cap of $20.13 billion, a price-to-earnings ratio of 35.66 and a beta of 2.12. The business has a 50 day moving average of $16.89 and a 200-day moving average of $22.23. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last released 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 return on equity of 6.25% and a net margin of 14.65%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm posted $0.06 earnings per share. The business’s revenue 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 research analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Analyst Ratings Changes

SOFI has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 price objective on shares of SoFi Technologies in a report on Thursday, April 30th. Morgan Stanley set a $16.00 price objective on SoFi Technologies in a report on Thursday, April 30th. UBS Group decreased their price objective on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Keefe, Bruyette & Woods dropped their price target on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a research report on Thursday, April 9th. Finally, Mizuho set a $29.00 price target on shares of SoFi Technologies in a research report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average target price of $22.56.

Insider Activity

In related news, CEO Anthony Noto bought 15,545 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the purchase, the chief executive officer owned 11,946,619 shares in the company, valued at $191,145,904. This represents a 0.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the sale, the chief technology officer owned 839,640 shares of the company’s stock, valued at approximately $14,634,925.20. This represents a 10.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 124,197 shares of company stock valued at $2,191,758 over the last three months. Insiders own 2.60% of the company’s stock.

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.