SoFi Technologies, Inc. $SOFI Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 5,982.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,043,372 shares of the company’s stock after buying an additional 1,026,219 shares during the quarter. Diversify Wealth Management LLC’s holdings in SoFi Technologies were worth $16,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SOFI. Vanguard Group Inc. raised its position in shares of SoFi Technologies by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after acquiring an additional 3,900,895 shares during the period. State Street Corp grew its position in shares of SoFi Technologies by 6.7% during the 4th quarter. State Street Corp now owns 25,937,928 shares of the company’s stock valued at $679,055,000 after acquiring an additional 1,637,430 shares during the period. Geode Capital Management LLC increased its stake in shares of SoFi Technologies by 9.0% in the 4th 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 in the last quarter. Morgan Stanley increased its stake in shares of SoFi Technologies by 33.6% in the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after purchasing an additional 3,350,258 shares in the last quarter. Finally, Norges Bank acquired a new position in SoFi Technologies in the 4th quarter worth about $321,515,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 10,954 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total transaction of $190,051.90. Following the completion of the transaction, the executive vice president owned 378,682 shares in the company, valued at approximately $6,570,132.70. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto bought 15,545 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $191,145,904. The trade was a 0.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 134,044 shares of company stock valued at $2,370,056. Insiders own 2.50% of the company’s stock.

SoFi Technologies Trading Up 0.9%

Shares of SoFi Technologies stock traded up $0.16 during mid-day trading on Friday, hitting $18.78. The stock had a trading volume of 91,469,685 shares, compared to its average volume of 76,696,920. The firm has a market cap of $24.09 billion, a P/E ratio of 42.68 and a beta of 2.14. SoFi Technologies, Inc. has a 12-month low of $14.92 and a 12-month high of $32.73. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $16.92 and a two-hundred day moving average of $19.49.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results 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 net margin of 14.65% and a return on equity of 6.25%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm earned $0.06 EPS. 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. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on SOFI shares. Mizuho set a $29.00 price objective on SoFi Technologies in a report on Wednesday, May 6th. Argus started coverage on shares of SoFi Technologies in a report on Wednesday, April 15th. They issued a “hold” rating for the company. 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 issued a $18.00 price target on shares of SoFi Technologies in a research note on Thursday, April 30th. Finally, UBS Group decreased their target price on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.78.

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.