274,612 Shares of SoFi Technologies, Inc. $SOFI Acquired by Yarbrough Capital LLC

Key Points

• Yarbrough Capital acquired 274,612 SoFi shares worth approximately $4.3 million during the third quarter. Institutional investors collectively own 38.43% of SOFI.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a consensus price target of $22.20, with ratings ranging from Strong Buy to Sell.
• SoFi reported quarterly revenue of $1.21 billion, up 42.5% year over year, and earnings of $0.12 per share, exceeding estimates. Shares recently traded at $14.30, near their one-year low of $13.86.

Yarbrough Capital LLC purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 274,612 shares of the company's stock, valued at approximately $4,317,000.

Several other large investors also recently added to or reduced their stakes in SOFI. BlackRock Inc. bought a new stake in shares of SoFi Technologies during the 2nd quarter valued at $1,298,925,000. Bank of America Corp DE bought a new position in shares of SoFi Technologies in the second quarter worth about $163,808,000. Dimensional Fund Advisors LP raised its stake in shares of SoFi Technologies by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company's stock worth $144,539,000 after buying an additional 359,785 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of SoFi Technologies in the second quarter worth about $93,937,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of SoFi Technologies by 2.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company's stock valued at $90,348,000 after acquiring an additional 156,218 shares during the period. 38.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 10,203 shares of the firm's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $16.99, for a total value of $173,348.97. Following the completion of the sale, the executive vice president owned 408,073 shares in the company, valued at approximately $6,933,160.27. This trade represents a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 firm's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction 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 $15,971,375. This trade represents 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. Over the last 90 days, insiders sold 40,113 shares of company stock valued at $702,417. 2.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SOFI has been the subject of a number of recent analyst reports. Scotiabank initiated coverage on shares of SoFi Technologies in a research report on Wednesday, September 2nd. They issued a "sector outperform" rating and a $25.00 price target for the company. Stonex Financia upgraded shares of SoFi Technologies to a "strong-buy" rating in a research report on Monday, October 12th. Truist Financial lifted their target price 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. Wells Fargo & Company lowered their target price on shares of SoFi Technologies from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Finally, Needham & Company LLC cut their price target on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $22.20.

SoFi Technologies Price Performance

Shares of SOFI stock traded down $0.25 during trading hours on Monday, hitting $14.30. The stock had a trading volume of 39,596,904 shares, compared to its average volume of 63,966,660. 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 $18.47 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 0.84 and a beta of 2.33. SoFi Technologies, Inc. has a one year low of $13.86 and a one year high of $32.73. The stock's 50-day moving average price is $17.09 and its two-hundred day moving average price is $17.12.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.08 earnings per share. SoFi Technologies's quarterly revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities analysts forecast that SoFi Technologies, Inc. will post 0.60 EPS for the current year.

SoFi Technologies 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.

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