99,405 SoFi Technologies, Inc. $SOFI Shares Acquired by D.A. Davidson & CO.

Key Points

• D.A. Davidson increased its SoFi Technologies stake by 33.4% in the third quarter, acquiring 99,405 additional shares and bringing its holdings to 397,064 shares valued at approximately $6.24 million.
• SoFi reported quarterly EPS of $0.18 and revenue of $1.37 billion, exceeding analyst expectations, while revenue grew 44.4% year over year. Despite the strong results, the stock was down 4.8% and opened at $16.76.
• Analyst sentiment remains mixed, with ratings ranging from Strong Buy to Sell; SoFi carries a consensus “Hold” rating and an average price target of $21.23.

D.A. Davidson & CO. grew its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 33.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 397,064 shares of the company's stock after acquiring an additional 99,405 shares during the quarter. D.A. Davidson & CO.'s holdings in SoFi Technologies were worth $6,242,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in SoFi Technologies in the 2nd quarter worth approximately $1,298,925,000. Bank of America Corp DE bought a new position in SoFi Technologies in the 2nd quarter valued at approximately $163,808,000. Dimensional Fund Advisors LP boosted its stake in SoFi Technologies by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company's stock valued at $144,539,000 after purchasing an additional 359,785 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in 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 purchasing an additional 156,218 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in SoFi Technologies during the 2nd quarter valued at $93,937,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Stock Down 4.8%

SoFi Technologies stock opened at $16.76 on Friday. SoFi Technologies, Inc. has a one year low of $13.86 and a one year high of $32.73. The stock has a fifty day moving average of $16.58 and a 200 day moving average of $17.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The stock has a market cap of $21.65 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 0.95 and a beta of 2.33.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.25 billion. SoFi Technologies had a return on equity of 6.89% and a net margin of 15.60%. The business's revenue for the quarter was up 44.4% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Key SoFi Technologies News

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.

Analysts Set New Price Targets

A number of analysts have commented on the company. Stonex Financia raised SoFi Technologies to a "strong-buy" rating in a report on Monday, October 12th. Keefe, Bruyette & Woods increased their price objective on SoFi Technologies from $15.00 to $16.00 and gave the company an "underperform" rating in a research report on Wednesday. Wells Fargo & Company reiterated a "negative" rating on shares of SoFi Technologies in a report on Wednesday. Needham & Company LLC reissued a "buy" rating and issued a $24.00 target price on shares of SoFi Technologies in a research report on Wednesday. Finally, Loop Capital started coverage on shares of SoFi Technologies in a research note on Tuesday, September 8th. They set a "hold" rating and a $22.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and an average price target of $21.23.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,203 shares of SoFi Technologies stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $14.72, for a total transaction of $150,188.16. Following the transaction, the executive vice president directly owned 397,870 shares in the company, valued at approximately $5,856,646.40. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 valued at $852,605 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

About SoFi Technologies

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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