Amundi Boosts Stake in SoFi Technologies, Inc. $SOFI

Key Points

• Amundi increased its SoFi stake by 7.2% in the second quarter, bringing its holdings to 1.84 million shares valued at approximately $32.9 million. Institutional investors collectively own 38.43% of the company.
• Analyst views remain mixed: nine analysts rate SOFI a Buy, eleven a Hold, and three a Sell, resulting in a consensus Hold rating and an average price target of $22.52.
• SoFi beat quarterly expectations with $0.12 in EPS and $1.21 billion in revenue, while revenue rose 42.5% year over year. The stock opened at $17.21, compared with a 52-week range of $14.88 to $32.73.

Amundi increased its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,836,761 shares of the company's stock after acquiring an additional 123,570 shares during the period. Amundi owned approximately 0.14% of SoFi Technologies worth $32,933,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SOFI. HighTower Advisors LLC lifted its stake in shares of SoFi Technologies by 6.5% in the second quarter. HighTower Advisors LLC now owns 126,362 shares of the company's stock valued at $2,266,000 after purchasing an additional 7,755 shares during the period. Groupe la Francaise acquired a new stake in shares of SoFi Technologies during the 2nd quarter valued at approximately $631,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of SoFi Technologies during the 2nd quarter worth approximately $9,445,000. California State Teachers Retirement System boosted its stake in shares of SoFi Technologies by 1,603.2% during the 2nd quarter. California State Teachers Retirement System now owns 31,201,069 shares of the company's stock worth $559,435,000 after acquiring an additional 29,369,164 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of SoFi Technologies in the 2nd quarter worth approximately $1,545,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SOFI shares. Needham & Company LLC dropped their price objective 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. Loop Capital assumed coverage on SoFi Technologies in a research report on Tuesday. They set a "hold" rating and a $22.00 target price on the stock. Scotiabank initiated coverage on SoFi Technologies in a report on Wednesday, September 2nd. They issued a "sector outperform" rating and a $25.00 target price on the stock. Truist Financial raised their price target on SoFi Technologies from $18.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, August 12th. Finally, The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $22.52.

SoFi Technologies Stock Performance

SoFi Technologies stock opened at $17.21 on Friday. SoFi Technologies, Inc. has a fifty-two week low of $14.88 and a fifty-two week high of $32.73. The company has a market capitalization of $22.23 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 1.42 and a beta of 2.20. The stock has a fifty day moving average of $17.85 and a two-hundred day moving average of $17.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The business's revenue was up 42.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of SoFi Technologies stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the sale, the executive vice president directly owned 356,442 shares of the company's stock, valued at approximately $6,415,956. The trade was a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction on 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 sale, the chief technology officer directly owned 895,089 shares of the company's stock, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their position. 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. In the last 90 days, insiders have sold 136,505 shares of company stock worth $2,418,096. 2.50% of the stock is owned by company insiders.

More SoFi Technologies News

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

• Positive Sentiment: SoFi’s record loan originations, fifth consecutive earnings beat, 42.5% year-over-year revenue growth, and improving profitability support the bullish case. Supporters also point to the company’s cross-selling model, SoFi Plus subscriptions, tangible book value per share of $7.34, and valuation metrics they view as discounted relative to profitable growth. SoFi Stock Is Down More Than 40%. Here's Why I'm Not Selling. SoFi Technologies Firing On All Cylinders
• Positive Sentiment: Commentary comparing SoFi with Nu highlights its diversified digital-banking platform, artificial-intelligence initiatives, scale, and cross-selling potential as possible long-term advantages. The latest quarterly report also showed EPS and revenue ahead of consensus estimates.
• Neutral Sentiment: Reports of a potential settlement-services relationship with crypto exchange Kraken and speculation about S&P 500 inclusion generated attention but did not provide enough immediate support to offset broader fintech weakness. SoFi Dips Despite Reported Kraken Tie-Up
• Neutral Sentiment: Chime’s planned $590 million acquisition of Stride Bank reinforces the value of owning banking infrastructure—an approach SoFi pioneered with its bank charter—but also underscores increasing competition among vertically integrated digital banks. SoFi Technologies Company Information
• Negative Sentiment: Loop Capital initiated coverage with a Hold rating and a $22 price target. The analyst cited interest-rate sensitivity and SoFi’s shift toward more asset-intensive lending, which could pressure sentiment, funding economics, and credit-risk expectations in the near term. Why SoFi Stock Is Down Today

SoFi Technologies Company Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.

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