Legal & General Group Plc Purchases Shares of 3,608,784 SoFi Technologies, Inc. $SOFI

Legal & General Group Plc purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,608,784 shares of the company’s stock, valued at approximately $64,706,000. Legal & General Group Plc owned about 0.28% of SoFi Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Valley Wealth Managers Inc. bought a new position in SoFi Technologies during the 4th quarter worth $25,000. Vermillion Wealth Management Inc. grew its position in shares of SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 739 shares during the last quarter. Reflection Asset Management bought a new stake in shares of SoFi Technologies in the 4th quarter valued at about $28,000. Raiffeisen Bank International AG acquired a new stake in shares of SoFi Technologies in the fourth quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of SoFi Technologies by 232.1% in the first quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock valued at $34,000 after buying an additional 1,467 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: Strong post-earnings momentum: SoFi’s shares have outperformed since its latest earnings report, which showed $1.21 billion in revenue and $0.12 in adjusted earnings per share, both ahead of consensus estimates. Revenue increased 42.5% year over year, supporting the bullish case for continued operating growth. SoFi Technologies Up 16.5% Since Last Earnings Report
• Positive Sentiment: SoFi Plus could add recurring revenue: Early traction for the company’s paid membership program may increase customer engagement, cross-selling and adoption of additional financial products. Investors are watching whether membership growth can diversify revenue and support longer-term margins. SoFi Technologies’ SoFi Plus
• Neutral Sentiment: Analyst consensus remains cautious: SoFi has received a consensus “Hold” recommendation, suggesting analysts see a balanced risk-reward profile following the rebound rather than an unambiguously attractive entry point. SoFi Receives Consensus Hold Recommendation
• Neutral Sentiment: Relative-value debate: Comparisons with Sezzle highlight differing growth models, diversification and risk profiles. The discussion does not provide a direct SOFI catalyst but may influence fintech-sector positioning. Sezzle Versus SoFi
• Negative Sentiment: Profit-taking and valuation concerns: After the recent rebound and move back above key moving averages, some investors may be locking in gains. A bearish analysis argues that even strong execution is not enough to justify a more aggressive position, while the stock’s elevated growth expectations leave it vulnerable to pullbacks. SoFi Everything Went Right and I’m Still Cutting to Hold

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This represents a 10.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, EVP Kelli Keough sold 11,286 shares of the business’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 transaction of $203,148.00. Following the completion of the sale, the executive vice president directly owned 356,442 shares in the company, valued at approximately $6,415,956. This trade represents a 3.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 136,505 shares of company stock worth $2,418,096. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SOFI. Needham & Company LLC lowered their target price on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Mizuho dropped their price objective on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Piper Sandler started coverage on SoFi Technologies in a research report on Monday, August 17th. They set an “overweight” rating and a $22.00 target price on the stock. Citigroup lowered their target price on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Monday, May 4th. Finally, Wells Fargo & Company reduced their price objective on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.42.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $18.06 on Friday. The company has a market capitalization of $23.33 billion, a PE ratio of 37.62 and a beta of 2.17. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $17.84 and its 200-day moving average price is $17.56. SoFi Technologies, Inc. has a twelve month low of $14.88 and a twelve month high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last posted 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. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

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.