TD Waterhouse Canada Inc. Buys 114,652 Shares of SoFi Technologies, Inc. $SOFI

TD Waterhouse Canada Inc. boosted its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 470.0% during the second quarter, Holdings Channel.com reports. The firm owned 139,046 shares of the company’s stock after buying an additional 114,652 shares during the period. TD Waterhouse Canada Inc.’s holdings in SoFi Technologies were worth $2,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of SoFi Technologies during the second quarter valued at about $1,298,925,000. North Dakota State Investment Board bought a new stake in shares of SoFi Technologies in the fourth quarter worth about $1,044,000. Brighton Jones LLC increased 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 valued at $11,077,000 after purchasing an additional 14,281 shares during the period. Alberta Investment Management Corp bought a new position in SoFi Technologies during the 4th quarter valued at approximately $13,299,000. Finally, Trek Financial LLC bought a new position in SoFi Technologies during the 4th quarter valued at approximately $3,865,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $18.22 on Tuesday. SoFi Technologies, Inc. has a 12 month low of $14.88 and a 12 month high of $32.73. The stock has a market cap of $23.53 billion, a P/E ratio of 37.96, a P/E/G ratio of 1.50 and a beta of 2.20. The stock’s fifty day moving average price is $17.89 and its 200-day moving average price is $17.45. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The company’s revenue was up 42.5% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 11,286 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the transaction, the executive vice president owned 356,442 shares in the company, valued at approximately $6,415,956. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the sale, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 136,505 shares of company stock valued at $2,418,096. 2.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SOFI. Wells Fargo & Company dropped their price objective on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Piper Sandler started coverage on SoFi Technologies in a report on Monday, August 17th. They set an “overweight” rating and a $22.00 target price for the company. Scotiabank began coverage on SoFi Technologies in a research note on Wednesday, September 2nd. They issued a “sector outperform” rating and a $25.00 price target for the company. Mizuho cut their price target on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Finally, Truist Financial boosted their price objective on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, August 12th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and a consensus price target of $22.55.

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.