GSA Capital Partners LLP Makes New Investment in SoFi Technologies, Inc. $SOFI

Key Points

• GSA Capital Partners initiated a SoFi Technologies position by purchasing 65,121 shares worth approximately $1.17 million. Institutional investors collectively own 38.43% of the company.
• SoFi exceeded quarterly expectations, reporting adjusted earnings of $0.12 per share and revenue of $1.21 billion, up 42.5% year over year. Its stock was trading near $18.31, while analysts maintained a consensus “Hold” rating with a $22.42 price target.
• Analyst sentiment remains mixed: Piper Sandler initiated coverage with an “Overweight” rating and a $22 target, while other firms lowered targets or retained “Hold” ratings. Company insiders sold shares under pre-arranged plans, including sales by the CTO and an executive vice president.

GSA Capital Partners LLP purchased a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,121 shares of the company's stock, valued at approximately $1,168,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Horizon Corp grew its position in SoFi Technologies by 14.9% in the fourth quarter. First Horizon Corp now owns 3,116 shares of the company's stock worth $82,000 after acquiring an additional 405 shares in the last quarter. Wealthspan Partners LLC increased its stake in SoFi Technologies by 2.4% in the fourth quarter. Wealthspan Partners LLC now owns 18,901 shares of the company's stock valued at $495,000 after acquiring an additional 450 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in SoFi Technologies by 21.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,880 shares of the company's stock valued at $75,000 after purchasing an additional 503 shares in the last quarter. Bensler LLC raised its position in SoFi Technologies by 3.6% during the fourth quarter. Bensler LLC now owns 17,450 shares of the company's stock valued at $457,000 after purchasing an additional 600 shares in the last quarter. Finally, Mayflower Financial Advisors LLC lifted its stake in SoFi Technologies by 2.3% during the first quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company's stock worth $464,000 after purchasing an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. TD Cowen reduced their price objective on SoFi Technologies from $24.00 to $18.00 and set a "hold" rating on the stock in a research report on Thursday, April 30th. Truist Financial upped their target price on SoFi Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Piper Sandler began coverage on shares of SoFi Technologies in a research report on Monday. They set an "overweight" rating and a $22.00 price target on the stock. Finally, Stephens decreased their price target on shares of SoFi Technologies from $26.00 to $25.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Eight investment 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $22.42.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $22 price target, saying SoFi is a high-growth company with a powerful product flywheel and deserves a premium valuation compared with peers. The SoFi rebound has only just begun, says Piper Sandler
• Positive Sentiment: Additional coverage characterized the stock as offering an “attractive entry point,” helping reinforce investor interest after SoFi’s recent underperformance and correction. SoFi stock offers an attractive entry point: Analyst
• Positive Sentiment: Technical analysts reported that SOFI broke above a bullish flag pattern. A sustained move above approximately $20.13 could signal the end of its six-month consolidation and support a larger advance. SoFi Technologies Price Forecast: Breakout Could End Six-Month Consolidation
• Positive Sentiment: SoFi was highlighted as the strongest performer among personal-loan stocks in the recently completed second-quarter earnings season, supporting the view that its growth is outpacing industry peers. Personal Loan Stocks Q2 Earnings: SoFi Best of the Bunch
• Neutral Sentiment: Wall Street remains divided: the bullish thesis points to SoFi’s growth, diversified products and recent earnings momentum, while the premium-multiple argument implies that investors are already paying for substantial future growth. SoFi Is Dividing Wall Street
• Negative Sentiment: SoFi has lagged Happen Bank, formerly LendingClub, this year. The comparison raises competitive and valuation concerns despite SoFi’s stronger recent operating growth narrative. Happen Bank Is Crushing SoFi This Year

Insider Activity

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the business's stock in a transaction on 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 sale, the chief technology officer directly owned 895,089 shares of the company's stock, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, EVP Kelli Keough sold 10,954 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $17.19, for a total value 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 135,256 shares of company stock worth $2,370,822 in the last three months. 2.50% of the stock is currently owned by insiders.

SoFi Technologies Trading Up 0.1%

NASDAQ:SOFI opened at $18.31 on Tuesday. The company has a 50-day moving average price of $17.58 and a 200-day moving average price of $17.76. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 38.15 and a beta of 2.17. SoFi Technologies, Inc. has a 12 month low of $14.88 and a 12 month high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The firm 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 for the quarter was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities analysts predict that SoFi Technologies, Inc. will post 0.6 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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