NewEdge Advisors LLC Grows Holdings in SoFi Technologies, Inc. $SOFI

Key Points

• NewEdge Advisors increased its SoFi stake by 24.7% in the first quarter, bringing its holdings to 402,635 shares valued at approximately $6.4 million. Institutional investors collectively own 38.43% of the company.
• SoFi reported quarterly EPS of $0.12, exceeding the $0.11 consensus estimate, while revenue rose 42.5% year over year to $1.21 billion. The company maintained fiscal 2026 EPS guidance of $0.60.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $22.38. Insiders have sold 135,256 shares worth about $2.37 million over the past 90 days, including sales conducted under Rule 10b5-1 plans.

NewEdge Advisors LLC lifted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 24.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 402,635 shares of the company's stock after acquiring an additional 79,819 shares during the period. NewEdge Advisors LLC's holdings in SoFi Technologies were worth $6,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SOFI. Brighton Jones LLC increased its holdings in shares of 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 buying an additional 14,281 shares during the period. Caxton Associates LLP purchased a new position in SoFi Technologies in the 1st quarter worth approximately $129,000. Empowered Funds LLC lifted its position in SoFi Technologies by 5.2% in the first quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock valued at $385,000 after purchasing an additional 1,631 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of SoFi Technologies by 23.2% during the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company's stock valued at $251,000 after purchasing an additional 2,596 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of SoFi Technologies during the second quarter valued at approximately $4,633,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 10,954 shares of the business's stock in a transaction on 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 owned 367,728 shares of the company's stock, valued at $6,321,244.32. The trade was a 2.89% decrease in their position. The sale was disclosed in a legal 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 company'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 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 position. 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. Over the last ninety days, insiders have sold 135,256 shares of company stock valued at $2,370,822. 2.50% of the stock is owned by corporate insiders.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $18.12 on Tuesday. The business has a fifty day moving average price of $17.45 and a 200-day moving average price of $18.03. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The company has a market capitalization of $23.24 billion, a PE ratio of 37.75 and a beta of 2.17. SoFi Technologies, Inc. has a 1-year low of $14.88 and a 1-year high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.08 EPS. 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. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SOFI shares. UBS Group decreased their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, April 30th. Argus initiated coverage on shares of SoFi Technologies in a report on Wednesday, April 15th. They set a "hold" rating for the company. Stephens cut their target price on SoFi Technologies from $26.00 to $25.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Truist Financial boosted their price target on SoFi Technologies from $17.00 to $18.00 and gave the company a "hold" rating in a report on Friday, July 24th. Finally, Needham & Company LLC lowered their price target on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $22.38.

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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