B. Metzler seel. Sohn & Co. AG Purchases New Stake in SoFi Technologies, Inc. $SOFI

Key Points

• B. Metzler seel. Sohn & Co. AG purchased 30,713 SoFi Technologies shares during the second quarter, worth approximately $551,000. Institutional investors and hedge funds collectively own 38.43% of SOFI.
• Analyst sentiment is mixed: eight analysts rate SOFI a Buy, 10 rate it Hold, and three rate it Sell. The consensus rating is Hold, with an average price target of $22.42.
• SoFi reported quarterly EPS of $0.12, exceeding estimates by $0.01, while revenue rose 42.5% year over year to $1.21 billion. The stock opened at $18.24, down 3.5%, and insiders have sold 136,505 shares worth about $2.42 million over the past 90 days.

B. Metzler seel. Sohn & Co. AG bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,713 shares of the company's stock, valued at approximately $551,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SOFI. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies during the fourth quarter worth about $25,000. Vermillion Wealth Management Inc. boosted its stake in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock valued at $26,000 after acquiring an additional 739 shares during the last quarter. Reflection Asset Management purchased a new position in SoFi Technologies in the fourth quarter valued at about $28,000. American Capital Advisory LLC grew its position in shares of SoFi Technologies by 456.7% during the 4th quarter. American Capital Advisory LLC now owns 1,297 shares of the company's stock valued at $34,000 after acquiring an additional 1,064 shares during the period. Finally, Cornerstone Planning Group LLC increased its stake in shares of SoFi Technologies by 232.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company's stock worth $34,000 after purchasing an additional 1,467 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SOFI shares. Needham & Company LLC dropped their price objective on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Citigroup lowered their target price on SoFi Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, May 4th. Stephens dropped their price target on SoFi Technologies from $26.00 to $25.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. TD Cowen cut their price target on SoFi Technologies from $24.00 to $18.00 and set a "hold" rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings raised SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $22.42.

SoFi Technologies Trading Down 3.5%

Shares of SOFI stock opened at $18.24 on Tuesday. The company's fifty day simple moving average is $17.75 and its two-hundred day simple moving average is $17.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. SoFi Technologies, Inc. has a 1 year low of $14.88 and a 1 year high of $32.73. The stock has a market capitalization of $23.56 billion, a price-to-earnings ratio of 38.00 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for 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. The business's quarterly revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, analysts anticipate that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 11,286 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the sale, the executive vice president directly owned 356,442 shares in the company, valued at $6,415,956. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the 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 in the company, valued at approximately $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 have sold a total of 136,505 shares of company stock valued at $2,418,096 in the last ninety days. Insiders own 2.50% of the company's stock.

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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