Nykredit A S Purchases Shares of 312,985 SoFi Technologies, Inc. $SOFI

Key Points

• Nykredit A/S acquired 312,985 SoFi Technologies shares during the second quarter, valued at approximately $5.6 million. Institutional investors collectively own 38.43% of SoFi’s outstanding stock.
• SoFi reported quarterly EPS of $0.12, exceeding estimates by $0.01, while revenue of $1.21 billion rose 42.5% year over year and surpassed expectations.
• Analyst sentiment remains mixed: nine analysts rate SoFi a Buy, eleven a Hold, and three a Sell, resulting in an overall “Hold” rating and an average price target of $22.52.

Nykredit A S acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 312,985 shares of the company's stock, valued at approximately $5,612,000.

Other hedge funds have also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its stake in SoFi Technologies by 21.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,880 shares of the company's stock worth $75,000 after buying an additional 503 shares in the last quarter. Capital Advisors Inc. OK boosted its position in SoFi Technologies by 2.2% during the 2nd quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company's stock valued at $508,000 after acquiring an additional 615 shares in the last quarter. Mayflower Financial Advisors LLC grew its holdings in shares of SoFi Technologies by 2.3% during the 1st quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company's stock worth $464,000 after acquiring an additional 653 shares during the period. CX Institutional raised its position in shares of SoFi Technologies by 36.2% in the 2nd quarter. CX Institutional now owns 2,477 shares of the company's stock worth $44,000 after acquiring an additional 658 shares in the last quarter. Finally, MCF Advisors LLC lifted its stake in shares of SoFi Technologies by 27.7% in the 4th quarter. MCF Advisors LLC now owns 3,126 shares of the company's stock valued at $82,000 after purchasing an additional 678 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Trading Up 0.1%

NASDAQ:SOFI opened at $16.97 on Tuesday. The stock has a market cap of $21.92 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 1.39 and a beta of 2.20. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The company's 50 day moving average price is $17.68 and its 200-day moving average price is $17.34. SoFi Technologies, Inc. has a 52 week low of $14.88 and a 52 week high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $1.21 billion during 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%.SoFi Technologies's revenue for the quarter was up 42.5% on a year-over-year basis. During the same period last year, the company earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities research analysts forecast that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SOFI shares. Loop Capital started coverage on SoFi Technologies in a research note on Tuesday, September 8th. They issued a "hold" rating and a $22.00 price target on the stock. Mizuho lowered their price objective on SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Weiss Ratings raised shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Scotiabank assumed coverage on shares of SoFi Technologies in a research report on Wednesday, September 2nd. They issued a "sector outperform" rating and a $25.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on shares of SoFi Technologies from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Nine equities 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, SoFi Technologies has an average rating of "Hold" and an average target price of $22.52.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 11,286 shares of the stock in a transaction 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 $6,415,956. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.50% of the stock is currently owned by insiders.

SoFi Technologies 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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