Intech Investment Management LLC Cuts Stake in SoFi Technologies, Inc. $SOFI

Intech Investment Management LLC reduced its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 13.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 278,301 shares of the company’s stock after selling 43,116 shares during the quarter. Intech Investment Management LLC’s holdings in SoFi Technologies were worth $7,286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after purchasing an additional 3,900,895 shares during the last quarter. State Street Corp lifted its holdings in SoFi Technologies by 30.7% during the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after purchasing an additional 5,708,053 shares during the last quarter. Geode Capital Management LLC lifted its holdings in SoFi Technologies by 9.0% during the fourth quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock valued at $618,395,000 after purchasing an additional 1,951,248 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in SoFi Technologies by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 9,792,807 shares of the company’s stock valued at $258,821,000 after purchasing an additional 67,504 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in SoFi Technologies by 10.4% during the third quarter. Northern Trust Corp now owns 6,632,432 shares of the company’s stock valued at $175,229,000 after purchasing an additional 625,571 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Trading Up 7.4%

Shares of SOFI opened at $18.22 on Friday. The business’s 50-day moving average price is $16.69 and its 200-day moving average price is $21.65. SoFi Technologies, Inc. has a twelve month low of $12.86 and a twelve month high of $32.73. The stock has a market cap of $23.37 billion, a PE ratio of 41.41 and a beta of 2.12. 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 announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business posted $0.06 earnings per share. The company’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 analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

SoFi Technologies News Summary

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

• Positive Sentiment: SoFi launched a native stablecoin feature for banking customers, giving the company a new crypto-adjacent product and a potential driver of user activity. SoFi launches native stablecoin to all its banking customers
• Positive Sentiment: Shares are benefiting from renewed enthusiasm around fintech and technical breakout buying, with traders pointing to strong momentum after a recent double-bottom setup. SoFi Shares Surge On Stablecoin Rollout: What Investors Need To Know
• Positive Sentiment: Analysts and market commentators say SoFi’s expanding ecosystem and rapid growth in members and products reinforce the company’s long-term growth story. SoFi’s Expanding Ecosystem Highlights Strong Growth Momentum
• Positive Sentiment: Unusually heavy call-option buying suggests traders are positioning for continued upside in the near term. SoFi surges 13%: Stablecoins, short squeezes, and the return of retail
• Neutral Sentiment: Coverage also notes SoFi has had a weak year overall, so the rally may reflect a rebound from depressed levels as much as fresh fundamental news. SoFi Stock Caps Off a Huge Week. Momentum Is Back.

Analysts Set New Price Targets

Several research firms have commented on SOFI. Morgan Stanley set a $16.00 price objective on shares of SoFi Technologies in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price objective on shares of SoFi Technologies in a report on Thursday, April 30th. Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Monday, February 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price objective on shares of SoFi Technologies in a report on Thursday, April 30th. Finally, Wells Fargo & Company dropped their price objective on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average price target of $22.56.

Insider Activity

In other news, EVP Kelli Keough sold 10,037 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total transaction of $155,874.61. Following the sale, the executive vice president directly owned 323,247 shares in the company, valued at $5,020,025.91. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 94,958 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief technology officer owned 839,640 shares in the company, valued at approximately $14,634,925.20. This trade represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 124,479 shares of company stock worth $2,163,556 over the last ninety days. Company insiders own 2.60% of the company’s stock.

About SoFi Technologies

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.