Kovitz Investment Group Partners LLC Has $3.22 Million Holdings in SoFi Technologies, Inc. $SOFI

Kovitz Investment Group Partners LLC raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 158.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,145 shares of the company’s stock after purchasing an additional 75,543 shares during the period. Kovitz Investment Group Partners LLC’s holdings in SoFi Technologies were worth $3,224,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new position in SoFi Technologies in the fourth quarter worth approximately $25,000. Blue Trust Inc. raised its position in SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after acquiring an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. lifted its stake in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 739 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in SoFi Technologies in the fourth quarter valued at approximately $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in SoFi Technologies in the fourth quarter worth approximately $29,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,037 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total transaction of $155,874.61. Following the completion of the sale, the executive vice president owned 323,247 shares in the company, valued at $5,020,025.91. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto bought 15,545 shares of the stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer directly owned 11,946,619 shares in the company, valued at approximately $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 121,902 shares of company stock worth $2,159,155. Company insiders own 2.50% of the company’s stock.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $17.91 on Friday. The company’s 50 day moving average is $16.96 and its 200-day moving average is $20.49. 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, Inc. has a 12 month low of $14.64 and a 12 month high of $32.73. The firm has a market cap of $22.97 billion, a price-to-earnings ratio of 40.71 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned $0.06 EPS. SoFi Technologies’s quarterly revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Barclays dropped their price target on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Keefe, Bruyette & Woods decreased their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Stephens cut their target price on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Morgan Stanley set a $16.00 price target on SoFi Technologies in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.56.

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.