SoFi Technologies, Inc. $SOFI Shares Purchased by RFG Advisory LLC

Key Points

• RFG Advisory increased its SoFi stake by 14.9% in the second quarter, adding 29,103 shares to hold 224,941 shares valued at approximately $4.03 million. Institutional investors collectively own 38.43% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating from 23 analysts and an average price target of $22.52. Recent targets range from $15 to $25, reflecting differing views on SoFi’s growth prospects and valuation.
• SoFi reported strong quarterly results, including $1.21 billion in revenue, up 42.5% year over year, and EPS of $0.12 versus a $0.11 estimate. However, shares opened at $17.33 after declining 3.8%, while insiders reported selling 136,505 shares worth about $2.42 million over the past three months.

RFG Advisory LLC grew its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 224,941 shares of the company's stock after purchasing an additional 29,103 shares during the period. RFG Advisory LLC's holdings in SoFi Technologies were worth $4,033,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Valley Wealth Managers Inc. purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $25,000. Vermillion Wealth Management Inc. raised its position in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock worth $26,000 after acquiring an additional 739 shares in the last quarter. Reflection Asset Management purchased a new position in SoFi Technologies in the fourth quarter worth $28,000. Cornerstone Planning Group LLC lifted its holdings in SoFi Technologies by 232.1% in the first quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company's stock valued at $34,000 after acquiring an additional 1,467 shares during the period. Finally, Compass Financial Management LLC acquired a new stake in SoFi Technologies in the second quarter valued at $34,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of SoFi Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, August 12th. Scotiabank assumed coverage on shares of SoFi Technologies in a research note on Wednesday, September 2nd. They issued a "sector outperform" rating and a $25.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Morgan Stanley dropped their target price on shares of SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $22.52.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: SoFi’s partnership with Payward, the parent company of Kraken, is intended to connect SoFi’s banking infrastructure with digital-asset markets. The arrangement could expand payment, settlement and stablecoin-related activity, although investors have not yet assigned significant value to the opportunity. SoFi, Payward Team up to Connect Banking and Crypto Markets
• Positive Sentiment: Several commentators remain constructive on the long-term outlook. One analyst rated SoFi a Strong Buy with a $23 price target, citing lending growth, its Loan Platform Business, cross-selling, SoFi Plus and expanding technology-platform revenue. Jim Cramer also reiterated that he has been a longtime believer in the company. SoFi Technologies: Growth Is Doing The Heavy Lifting
• Neutral Sentiment: A trade-alert article presents an options strategy based on the possibility of a rebound. This is market positioning rather than a change to SoFi’s earnings outlook and may contribute to short-term volatility. SOFI trade alert
• Negative Sentiment: The stock declined despite the Kraken-related announcement and S&P 500 inclusion speculation, suggesting investors may be taking profits and demanding more tangible financial results before bidding the shares higher. Broader weakness in fintech also pressured sentiment, while SoFi’s elevated growth-stock valuation leaves it sensitive to risk reduction. SoFi Dips Despite Kraken Tie-Up
• Negative Sentiment: Chime’s planned acquisition of Stride Bank highlights intensifying competition among digital banks seeking lower funding costs and greater control over banking infrastructure. The deal is not a direct SoFi development, but it reinforces the need for SoFi to continue executing on its bank-charter and cross-selling advantages. Chime Finds Its Stride in a $590M Deal

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 11,286 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the transaction, 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 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 firm's stock in a transaction that occurred on 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 $15,914,682.42. This represents 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. Over the last three months, insiders sold 136,505 shares of company stock worth $2,418,096. 2.50% of the stock is owned by corporate insiders.

SoFi Technologies Trading Down 3.8%

Shares of SoFi Technologies stock opened at $17.33 on Thursday. SoFi Technologies, Inc. has a fifty-two week low of $14.88 and a fifty-two week high of $32.73. The firm has a market cap of $22.38 billion, a PE ratio of 36.10, a P/E/G ratio of 1.48 and a beta of 2.20. The business's fifty day moving average is $17.87 and its two-hundred day moving average is $17.43. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations 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 was up 42.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Analysts anticipate that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

SoFi Technologies Company 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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