SoFi Technologies, Inc. $SOFI Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 32.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358,409 shares of the company’s stock after selling 168,366 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in SoFi Technologies were worth $5,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Financial Management LLC bought a new stake in SoFi Technologies in the 2nd quarter worth about $34,000. Cornerstone Planning Group LLC boosted its holdings in shares of 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 acquiring an additional 1,467 shares during the last quarter. Markowski Investments purchased a new stake in shares of SoFi Technologies during the 2nd quarter valued at about $38,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of SoFi Technologies by 44.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company’s stock worth $35,000 after acquiring an additional 689 shares during the period. Finally, CX Institutional grew its stake in shares of SoFi Technologies by 36.2% in the second quarter. CX Institutional now owns 2,477 shares of the company’s stock worth $44,000 after acquiring an additional 658 shares during the period. 38.43% of the stock is owned by institutional investors.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: Strong earnings and raised outlook: SoFi reported its sixth consecutive earnings beat, with third-quarter revenue up 44% year over year to $1.37 billion and EPS of $0.18 versus the $0.17 consensus. Adjusted EBITDA reached a record $470 million, and management issued 2027 guidance above Wall Street expectations, including approximately $6.4 billion in revenue and $0.90 in EPS. SoFi Technologies: 2027 Growth Outlook Looks Underpriced
• Positive Sentiment: Improving profitability and funding economics: Expanding net interest margin, lower-cost deposits and growing fee-based businesses are strengthening SoFi’s earnings model. Analysts highlighted a 6.14% net interest margin, 17% capital ratio and favorable credit trends, including lower net charge-offs. SoFi’s $745 Million Advantage Is Hiding in Deposits
• Positive Sentiment: More bullish analyst views: Keefe, Bruyette & Woods raised its price target, while Wells Fargo forecast significant appreciation. One analyst estimated fair value of $23–$26, implying substantial upside from recent levels. SoFi Price Target Boost
• Positive Sentiment: Expansion beyond traditional lending: SoFi plans to process approximately $25 billion of card volume on stablecoin rails, while its app is adding embedded Prudential life-insurance products. These initiatives could diversify revenue and deepen member engagement. SoFi Stablecoin Card Payments
• Neutral Sentiment: Execution remains the key test: Commentators noted that previous post-earnings rallies faded, making the next several quarters important for proving that the 2027 targets are achievable. SoFi Execution Must Continue
• Negative Sentiment: Valuation and profit-taking pressure: Although forward valuation appears reasonable relative to projected EPS growth, SOFI remains a high-beta stock. Investors may be locking in gains after the earnings rally and questioning whether exceptional growth can continue, contributing to the stock’s decline despite favorable fundamentals.

Analyst Ratings Changes

A number of brokerages recently weighed in on SOFI. Piper Sandler started coverage on shares of SoFi Technologies in a research report on Monday, August 17th. They set an “overweight” rating and a $22.00 price objective on the stock. Bank of America reaffirmed an “underperform” rating and issued a $16.50 target price on shares of SoFi Technologies in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $24.00 target price on shares of SoFi Technologies in a research note on Wednesday. Scotiabank reiterated a “sector outperform” rating and set a $26.00 target price (up from $25.00) on shares of SoFi Technologies in a research note on Wednesday. Finally, Morgan Stanley lowered their price target on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.23.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock opened at $16.76 on Monday. The company’s fifty day simple moving average is $16.58 and its 200-day simple moving average is $17.89. The stock has a market capitalization of $21.65 billion, a PE ratio of 30.47, a P/E/G ratio of 1.05 and a beta of 2.25. SoFi Technologies, Inc. has a 1-year low of $13.86 and a 1-year 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.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.25 billion. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.89%. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was 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 owned 356,442 shares of the company’s stock, valued at approximately $6,415,956. The trade was a 3.07% decrease in their ownership of the stock. The transaction 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, CTO Jeremy Rishel sold 18,624 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the sale, the chief technology officer owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. The trade was a 2.00% 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. Insiders have sold 50,316 shares of company stock worth $852,605 over the last quarter. 2.50% of the stock is owned by company insiders.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.