SoFi Technologies, Inc. $SOFI Shares Purchased by Fortis Group Advisors LLC

Fortis Group Advisors LLC boosted its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 94.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 130,817 shares of the company’s stock after buying an additional 63,420 shares during the quarter. Fortis Group Advisors LLC’s holdings in SoFi Technologies were worth $3,456,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of SoFi Technologies in the second quarter valued at approximately $164,068,000. Vanguard Group Inc. raised its stake in SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after purchasing an additional 6,814,727 shares during the last quarter. Quadrature Capital Ltd purchased a new position in SoFi Technologies in the 2nd quarter valued at $115,188,000. Marshall Wace LLP boosted its stake in SoFi Technologies by 88.2% during the 2nd quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock worth $145,628,000 after purchasing an additional 3,748,817 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of SoFi Technologies by 87.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,361,809 shares of the company’s stock worth $168,079,000 after buying an additional 2,961,849 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, Director Steven J. Freiberg sold 94,225 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the completion of the transaction, the director owned 588,849 shares of the company’s stock, valued at $11,959,523.19. This trade represents a 13.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Eric Schuppenhauer purchased 5,000 shares of SoFi Technologies stock in a transaction dated Thursday, February 5th. The stock was bought at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the purchase, the executive vice president directly owned 228,768 shares in the company, valued at approximately $4,559,346.24. This trade represents a 2.23% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 261,470 shares of company stock worth $6,276,524 in the last 90 days. Insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Down 0.5%

SOFI opened at $19.51 on Wednesday. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73. The stock has a market capitalization of $23.53 billion, a PE ratio of 51.34 and a beta of 2.13. The business’s 50 day moving average price is $25.04 and its 200 day moving average price is $26.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. SoFi Technologies had a return on equity of 6.48% and a net margin of 13.34%.The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. During the same quarter last year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SOFI. Citizens Jmp upgraded shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Monday, February 9th. Citigroup boosted their target price on SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Truist Financial reduced their price objective on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating on the stock in a research report on Tuesday, November 25th. Finally, UBS Group set a $24.50 target price on SoFi Technologies in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average target price of $26.78.

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.