Groupe la Francaise Takes $631,000 Position in SoFi Technologies, Inc. $SOFI

Groupe la Francaise acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 35,170 shares of the company’s stock, valued at approximately $631,000.

A number of other hedge funds have also recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. acquired a new position in SoFi Technologies in the fourth quarter valued at approximately $25,000. Vermillion Wealth Management Inc. lifted its holdings 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 worth $26,000 after purchasing an additional 739 shares during the last quarter. Reflection Asset Management acquired a new position in SoFi Technologies during the 4th quarter valued at approximately $28,000. Cornerstone Planning Group LLC boosted its position in SoFi Technologies by 232.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock valued at $34,000 after purchasing an additional 1,467 shares during the period. Finally, Compass Financial Management LLC bought a new position in SoFi Technologies during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Trading Down 1.2%

SoFi Technologies stock opened at $18.01 on Wednesday. SoFi Technologies, Inc. has a 12-month low of $14.88 and a 12-month high of $32.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. The stock has a market capitalization of $23.26 billion, a PE ratio of 37.52, a price-to-earnings-growth ratio of 1.50 and a beta of 2.20. The firm has a 50 day simple moving average of $17.89 and a 200-day simple moving average of $17.44.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the previous 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 research analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief technology officer owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 SoFi Technologies stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the transaction, the executive vice president directly owned 356,442 shares in the company, valued at approximately $6,415,956. The trade was a 3.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 136,505 shares of company stock valued at $2,418,096. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler started coverage on SoFi Technologies in a research note on Monday, August 17th. They issued an “overweight” rating and a $22.00 target price on the stock. Scotiabank initiated coverage on shares of SoFi Technologies in a report on Wednesday, September 2nd. They issued a “sector outperform” rating and a $25.00 price objective on the stock. Morgan Stanley reduced their target price on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, July 30th. Mizuho dropped their price target on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, Loop Capital started coverage on SoFi Technologies in a research report on Tuesday. They set a “hold” rating and a $22.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and an average price target of $22.52.

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.