35,170 Shares in SoFi Technologies, Inc. $SOFI Acquired by Groupe la Francaise

Key Points

• Groupe la Française acquired 35,170 SoFi shares during the second quarter, valued at approximately $631,000. Institutional investors and hedge funds collectively own 38.43% of SoFi.
• Analyst sentiment remains mixed: nine analysts rate SOFI a Buy, 11 rate it Hold, and three rate it Sell. The stock has an average rating of Hold and a consensus price target of $22.52.
• SoFi reported quarterly revenue of $1.21 billion, up 42.5% year over year, and earnings of $0.12 per share, exceeding expectations. Meanwhile, insiders sold 136,505 shares worth $2.42 million over the past 90 days, primarily through pre-arranged trading plans.

Groupe la Francaise purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 35,170 shares of the company's stock, valued at approximately $631,000.

Other hedge funds also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of SoFi Technologies during the 2nd quarter worth $9,445,000. California State Teachers Retirement System grew its position in SoFi Technologies by 1,603.2% during the second quarter. California State Teachers Retirement System now owns 31,201,069 shares of the company's stock valued at $559,435,000 after acquiring an additional 29,369,164 shares during the period. Ameritas Advisory Services LLC acquired a new stake in SoFi Technologies during the second quarter worth about $1,545,000. Wedmont Private Capital increased its stake in SoFi Technologies by 14.2% during the second quarter. Wedmont Private Capital now owns 25,195 shares of the company's stock worth $473,000 after acquiring an additional 3,130 shares during the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of SoFi Technologies by 5.4% in the 2nd quarter. HB Wealth Management LLC now owns 15,550 shares of the company's stock worth $279,000 after purchasing an additional 793 shares during the period. Institutional investors and hedge funds own 38.43% of the company's stock.

Analysts Set New Price Targets

SOFI has been the subject of a number of research reports. Truist Financial boosted their target price on SoFi Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, August 12th. The Goldman Sachs Group raised their price target on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Mizuho reduced 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 report on Friday, July 31st. Scotiabank initiated coverage on shares of SoFi Technologies in a research note on Wednesday, September 2nd. They set a "sector outperform" rating and a $25.00 price objective for the company. Finally, Weiss Ratings raised shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, SoFi Technologies currently has an average rating of "Hold" and a consensus target price of $22.52.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 356,442 shares of the company's stock, valued at $6,415,956. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal 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. Also, CTO Jeremy Rishel sold 102,123 shares of the business'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 sale, the chief technology officer directly owned 895,089 shares of the company's stock, valued at $15,914,682.42. The trade was a 10.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $18.01 on Wednesday. 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 company's fifty day moving average price is $17.89 and its two-hundred day moving average price is $17.44. The firm has a market capitalization of $23.26 billion, a P/E ratio of 37.52, a P/E/G ratio of 1.50 and a beta of 2.20. SoFi Technologies, Inc. has a 12 month low of $14.88 and a 12 month high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business posted $0.08 earnings per share. SoFi Technologies'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, research analysts anticipate that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

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.

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