45,100 SoFi Technologies, Inc. $SOFI Shares Sold by Hourglass Capital LLC

Key Points

• Hourglass Capital reduced its SoFi Technologies stake by 23.9%. The firm sold 45,100 shares during the third quarter and retained 143,600 shares valued at approximately $2.26 million.
• SoFi reported strong quarterly growth. Revenue reached $1.21 billion, up 42.5% year over year and above estimates, while adjusted EPS of $0.12 exceeded the $0.11 consensus.
• Analyst sentiment remains mixed. SoFi has a consensus “Hold” rating and an average price target of $21.95, compared with the stock’s reported price of $14.46.

Hourglass Capital LLC reduced its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 23.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,600 shares of the company's stock after selling 45,100 shares during the period. Hourglass Capital LLC's holdings in SoFi Technologies were worth $2,257,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital Advisors Inc. OK boosted its holdings in SoFi Technologies by 2.2% during the second quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company's stock valued at $508,000 after purchasing an additional 615 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in shares of SoFi Technologies by 2.3% during the 1st quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company's stock worth $464,000 after buying an additional 653 shares during the period. CX Institutional boosted its stake in SoFi Technologies by 36.2% in the 2nd quarter. CX Institutional now owns 2,477 shares of the company's stock valued at $44,000 after buying an additional 658 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in SoFi Technologies by 44.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company's stock valued at $35,000 after acquiring an additional 689 shares during the period. Finally, Archer Investment Corp grew its position in SoFi Technologies by 27.6% in the first quarter. Archer Investment Corp now owns 3,191 shares of the company's stock valued at $51,000 after acquiring an additional 691 shares during the period. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $14.46 on Tuesday. The business's 50-day simple moving average is $16.66 and its 200 day simple moving average is $18.10. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The stock has a market cap of $18.68 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 0.85 and a beta of 2.33. SoFi Technologies, Inc. has a 12-month low of $13.86 and a 12-month high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $0.08 EPS. The company's revenue was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.60 earnings per share for the current year.

Analyst Upgrades and Downgrades

SOFI has been the subject of a number of analyst reports. Scotiabank initiated coverage on SoFi Technologies in a report on Wednesday, September 2nd. They set a "sector outperform" rating and a $25.00 price objective for the company. 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 report on Thursday, July 30th. Mizuho cut their price target on shares of SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, July 31st. Needham & Company LLC decreased their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods reaffirmed an "underperform" rating on shares of SoFi Technologies in a report on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.95.

More SoFi Technologies News

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

• Positive Sentiment: New analyst coverage provides a potential catalyst. Monness Crespi & Hardt initiated coverage with a Buy rating and a $20 price target, implying substantial upside from recent levels. Monness Crespi & Hardt coverage
• Positive Sentiment: Tokenized deposits could expand SoFi’s growth opportunity. The company plans to launch retail, interest-bearing tokenized deposits, a product that could position its banking platform to compete more directly with stablecoins and traditional bank deposits. SoFi tokenized deposits
• Positive Sentiment: Expectations remain for continued operating growth. Analysts and preview reports point to record member additions, strong lending demand, increasing fee income and a more diversified revenue mix as potential supports for third-quarter results. SoFi Q3 earnings expectations
• Neutral Sentiment: Earnings are the immediate focus. SoFi did not provide specific third-quarter guidance, leaving investors focused on revenue growth, adjusted earnings, loan demand, credit quality, deposits and whether management maintains its full-year outlook. SoFi earnings preview
• Negative Sentiment: Recent analyst action has been mixed. Truist reduced its price target to $16, signaling more cautious expectations even as Monness Crespi issued a Buy rating. Truist target reduction
• Negative Sentiment: Investors remain concerned about the stock’s sharp retreat and earnings risk. Commentary highlights that SoFi has previously experienced severe drawdowns, while the latest decline followed disappointment over a lost large customer and the absence of higher guidance. Profitability must keep pace with rapid revenue and membership growth. SoFi Q3 earnings preview

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,203 shares of the company's stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $14.72, for a total transaction of $150,188.16. Following the completion of the sale, the executive vice president owned 397,870 shares in the company, valued at approximately $5,856,646.40. The trade was a 2.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the transaction, the chief technology officer directly owned 912,650 shares in the company, valued at approximately $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. Insiders have sold a total of 50,316 shares of company stock valued at $852,605 in the last quarter. Corporate insiders own 2.50% of the company's stock.

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.

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