236,417 Shares in SoFi Technologies, Inc. $SOFI Acquired by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers acquired 236,417 SoFi shares in the second quarter, valued at approximately $4.24 million. Hedge funds and other institutional investors own 38.43% of the company.
• SoFi reported quarterly earnings of $0.12 per share, exceeding estimates by $0.01, while revenue rose 42.5% year over year to $1.21 billion. The company’s strong lending activity and profitability have supported a generally positive outlook.
• SOFI recently traded at $17.92, while analysts maintain a consensus “Hold” rating and an average price target of $22.42. Investors remain focused on valuation, credit performance and funding costs as the company expands.

Wealthfront Advisers LLC purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 236,417 shares of the company's stock, valued at approximately $4,239,000.

Other large investors have also made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new position in SoFi Technologies in the fourth quarter valued at approximately $25,000. Vermillion Wealth Management Inc. lifted its stake in shares of SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 739 shares in the last quarter. Reflection Asset Management purchased a new position in SoFi Technologies in the 4th quarter worth approximately $28,000. Raiffeisen Bank International AG purchased a new position in shares of SoFi Technologies in the fourth quarter valued at $34,000. Finally, American Capital Advisory LLC lifted its holdings in SoFi Technologies by 456.7% in the 4th quarter. American Capital Advisory LLC now owns 1,297 shares of the company's stock worth $34,000 after buying an additional 1,064 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Stock Down 2.7%

NASDAQ SOFI opened at $17.92 on Friday. SoFi Technologies, Inc. has a 1-year low of $14.88 and a 1-year high of $32.73. The company has a market capitalization of $23.14 billion, a price-to-earnings ratio of 37.33 and a beta of 2.17. The stock's 50 day moving average is $17.68 and its two-hundred day moving average is $17.64. 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 - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The company's quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities analysts forecast that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: Fintech-sector rally supports sentiment. SoFi shares participated in a broader rebound among fintech lenders, helped by a sharp move in the Treasury market and improved investor appetite for growth-oriented financial stocks. SoFi Climbs 6%, Upstart Jumps 8%, Affirm Rises 7% as Fintech Names Rebound With Bond Market Catalyst
• Positive Sentiment: Piper Sandler assigned SoFi an Overweight rating. The analyst endorsement adds support to the bullish case following SoFi’s strong second-quarter performance. Other coverage has pointed to potentially substantial upside after the company exceeded earnings and revenue expectations. SoFi Technologies Earns Overweight Rating from Piper Sandler
• Positive Sentiment: Record lending activity highlights operating momentum. SoFi originated approximately $14.8 billion in loans, reinforcing growth expectations. Its diversified revenue base, profitability and deposit funding were also viewed favorably compared with Upstart. SoFi Technologies Loan Boom: Can Record Originations Keep Climbing?
• Positive Sentiment: Potential crypto-regulation tailwind. Cryptocurrency and blockchain-related stocks rose after President Trump urged Congress to pass the Clarity Act, which could establish clearer digital-asset rules. The sector-wide move may benefit SoFi’s fintech narrative, although the direct financial impact remains uncertain. Bitcoin, Crypto Shares Climb After Trump Pushes Clarity Act
• Neutral Sentiment: Strong earnings provide a supportive foundation. SoFi recently reported earnings above consensus, revenue growth of 42.5% year over year and quarterly revenue ahead of estimates. Investors are now focused on whether this growth can continue under the company’s fiscal 2026 outlook. SoFi Technologies Just Reported Earnings: The One Number That Matters Most
• Negative Sentiment: Valuation and execution risks are limiting enthusiasm. Analysts and commentators note that SOFI’s shares appear priced at a premium after more than doubling over three years. Investors are also monitoring credit performance and funding costs as originations expand, while some fintech names are viewed as priced for near-perfect execution. SoFi Stock Looks Rich on Fair Value Yet Strong on Returns

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $17.19, for a total transaction of $188,299.26. Following the transaction, the executive vice president directly owned 367,728 shares in the company, valued at approximately $6,321,244.32. The trade was a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 business's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the transaction, the chief technology officer directly owned 895,089 shares of the company's stock, valued at approximately $15,914,682.42. The trade was a 10.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 125,219 shares of company stock valued at $2,214,948. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of recent analyst reports. Needham & Company LLC cut their target price on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Truist Financial increased their price objective on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday, August 12th. Piper Sandler started coverage on shares of SoFi Technologies in a report on Monday. They set an "overweight" rating and a $22.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $18.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. Finally, Morgan Stanley reduced their price target on shares of SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating on the stock 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.42.

SoFi Technologies Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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