SoFi Technologies, Inc. $SOFI Shares Sold by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC cut its SoFi stake by 98.5% in the second quarter, selling 748,710 shares and retaining 11,511 shares worth approximately $206,000. Institutional investors collectively own 38.43% of SOFI.
• Analyst sentiment remains mixed: Scotiabank initiated coverage with a “Sector Outperform” rating and a $25 target, while the consensus rating is “Hold” with an average price target of $22.55.
• SoFi reported quarterly EPS of $0.12 versus expectations of $0.11, with revenue rising 42.5% year over year to $1.21 billion. However, rising Treasury yields may pressure balance-sheet lenders through higher funding costs and weaker loan demand.

Quantitative Investment Management LLC lessened its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 98.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,511 shares of the company's stock after selling 748,710 shares during the period. Quantitative Investment Management LLC's holdings in SoFi Technologies were worth $206,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. acquired a new position in shares of SoFi Technologies in the 4th quarter valued at approximately $25,000. Vermillion Wealth Management Inc. lifted its holdings in shares of SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 739 shares during the last quarter. Reflection Asset Management acquired a new position in shares of SoFi Technologies during the fourth quarter valued at $28,000. Cornerstone Planning Group LLC increased its holdings in shares of SoFi Technologies by 232.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company's stock worth $34,000 after acquiring an additional 1,467 shares during the period. Finally, Compass Financial Management LLC acquired a new position in SoFi Technologies during the 2nd quarter valued at about $34,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Key SoFi Technologies News

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

• Positive Sentiment: Scotiabank initiated coverage with a “Sector Outperform” rating and a $25 price target, implying substantial upside from recent levels. The initiation provides a new positive valuation signal and may be supporting the stock. Scotiabank Initiates SoFi Technologies at Sector Outperform
• Positive Sentiment: A bullish investment thesis argues that SoFi’s product flywheel, rising cross-selling, expanding non-lending products and growing fee-based revenue are making the business less dependent on loan origination. Its Loan Platform Business could also support growth without adding as much credit risk to SoFi’s balance sheet. Is SoFi’s Product Flywheel Gaining Enough Traction to Lift SOFI Stock?
• Neutral Sentiment: SoFi’s deposit base is viewed as a potential interest-rate hedge, while management’s strategy to expand fee-based revenue could improve resilience. However, the thesis notes that additional revenue investment has not necessarily translated into higher near-term profit targets. SoFi’s Deposits Aren’t a Moat: They’re a Rate Hedge
• Negative Sentiment: Rising Treasury yields are weighing on balance-sheet lenders such as SoFi because higher funding costs and tighter financial conditions can pressure loan demand, margins and credit-sensitive businesses. SoFi and Affirm recently underperformed brokerage-focused fintech companies. SoFi Drops as Yields Hit Balance-Sheet Lenders
• Negative Sentiment: Retail discussion has become less favorable, with some Stocktwits users preferring Robinhood over SoFi. This reflects competitive concerns and weaker short-term sentiment rather than a change in SoFi’s fundamentals. SOFI’s Decline Has Retail Looking Elsewhere

Analysts Set New Price Targets

A number of research analysts have issued reports on SOFI shares. Weiss Ratings upgraded SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Scotiabank started coverage on shares of SoFi Technologies in a research note on Wednesday. They set a "sector outperform" rating and a $25.00 target price on the stock. Mizuho decreased their price objective on shares of SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, July 31st. The Goldman Sachs Group raised their price objective on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Finally, 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 report on Wednesday, August 12th. Nine 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. Based on data from MarketBeat.com, SoFi Technologies presently has an average rating of "Hold" and an average price target of $22.55.

Insider Activity

In other news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies 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 completion of the sale, the chief technology officer directly owned 895,089 shares of the company's stock, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 11,286 shares of SoFi Technologies stock in a transaction dated Thursday, August 20th. The stock was 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 owned 356,442 shares of the company's stock, valued at approximately $6,415,956. The trade was a 3.07% 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 sold a total of 136,505 shares of company stock valued at $2,418,096 in the last 90 days. Corporate insiders own 2.50% of the company's stock.

SoFi Technologies Price Performance

NASDAQ SOFI opened at $17.84 on Thursday. SoFi Technologies, Inc. has a fifty-two week low of $14.88 and a fifty-two week high of $32.73. The stock's 50-day moving average is $17.86 and its two-hundred day moving average is $17.48. The firm has a market cap of $23.04 billion, a P/E ratio of 37.17, a price-to-earnings-growth ratio of 1.40 and a beta of 2.20. 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 (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. SoFi Technologies's revenue was up 42.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

SoFi Technologies 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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