Annex Advisory Services LLC Purchases Shares of 109,462 SoFi Technologies, Inc. $SOFI

Key Points

• Annex Advisory Services initiated a position in SoFi Technologies, purchasing 109,462 shares valued at approximately $1.96 million. Institutional investors collectively own 38.43% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $22.44; seven analysts rate the stock a Buy, ten a Hold, and three a Sell.
• SoFi reported quarterly EPS of $0.12 versus a $0.11 estimate and revenue of $1.21 billion, up 42.5% year over year. Insiders sold 135,256 shares worth about $2.37 million over the past 90 days, primarily under pre-arranged trading plans.

Annex Advisory Services LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 109,462 shares of the company's stock, valued at approximately $1,963,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its position in SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after acquiring an additional 14,281 shares in the last quarter. Caxton Associates LLP bought a new stake in SoFi Technologies during the first quarter worth about $129,000. Empowered Funds LLC boosted its holdings in shares of SoFi Technologies by 5.2% in the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock worth $385,000 after purchasing an additional 1,631 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of SoFi Technologies by 23.2% in the 2nd quarter. Franklin Resources Inc. now owns 13,796 shares of the company's stock worth $251,000 after purchasing an additional 2,596 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of SoFi Technologies during the 2nd quarter valued at about $4,633,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SOFI shares. Weiss Ratings upgraded SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday. Needham & Company LLC decreased their price target 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $18.00 price objective on shares of SoFi Technologies in a report on Thursday, April 30th. TD Cowen reduced their target price on shares of SoFi Technologies from $24.00 to $18.00 and set a "hold" rating on the stock in a report on Thursday, April 30th. Finally, Truist Financial lifted their target price on shares of SoFi Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $22.44.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,954 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $17.19, for a total transaction of $188,299.26. Following the completion of the sale, the executive vice president directly owned 367,728 shares in the company, valued at approximately $6,321,244.32. This represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 102,123 shares of the firm's stock in a transaction dated Wednesday, June 17th. The stock was 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 in the company, valued at $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. 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. Insiders sold 135,256 shares of company stock worth $2,370,822 in the last 90 days. Corporate insiders own 2.50% of the company's stock.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $17.94 on Thursday. The company has a market capitalization of $23.01 billion, a P/E ratio of 37.38 and a beta of 2.17. 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 debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The stock has a 50 day moving average price of $17.48 and a two-hundred day moving average price of $17.92.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.12 EPS 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 6.39%. 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 previous year, the firm earned $0.08 earnings per share. The firm'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. Analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current 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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