SoFi Technologies, Inc. $SOFI Stock Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. cut its SoFi stake by 62.4% in the third quarter, selling 90,789 shares and retaining 54,664 shares valued at about $862,000.
• SoFi reported quarterly EPS of $0.18, topping the $0.17 consensus, while revenue of $1.37 billion exceeded expectations and rose 44.4% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $21.27. Company insiders also sold 50,316 shares worth about $852,605 in the last quarter, with the reported transactions conducted under pre-arranged trading plans.

Candriam S.C.A. decreased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 62.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 54,664 shares of the company's stock after selling 90,789 shares during the period. Candriam S.C.A.'s holdings in SoFi Technologies were worth $862,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital Advisors Inc. OK increased its position in SoFi Technologies by 2.2% in the 2nd quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company's stock worth $508,000 after buying an additional 615 shares during the period. CX Institutional grew its stake in shares of SoFi Technologies by 36.2% in the second quarter. CX Institutional now owns 2,477 shares of the company's stock worth $44,000 after acquiring an additional 658 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of SoFi Technologies by 44.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company's stock worth $35,000 after acquiring an additional 689 shares during the last quarter. Archer Investment Corp grew its stake in shares of SoFi Technologies by 27.6% in the first quarter. Archer Investment Corp now owns 3,191 shares of the company's stock worth $51,000 after acquiring an additional 691 shares during the last quarter. Finally, Fermata Advisors LLC increased its position in SoFi Technologies by 4.9% during the second quarter. Fermata Advisors LLC now owns 15,429 shares of the company's stock worth $277,000 after acquiring an additional 719 shares during the period. Institutional investors and hedge funds own 38.43% of the company's stock.

Recent SoFi Technologies Headlines

Investors following SOFI have been watching these headlines:

• Positive Sentiment: Scotiabank reiterated its $26 price target, which the article says implies about 59% upside. The target is an analyst view, not a guarantee. Could SoFi Actually Climb 59%? Or Is Scotiabank Totally Wrong?
• Neutral Sentiment: An article highlights record profits and an ambitious 2027 outlook, while pointing to customer monetization as a key test: converting free or low-revenue products into more profitable relationships. SoFi's Record Profits Hide 1 Number That Could Decide Its 2027 Growth
• Negative Sentiment: A hotter-than-expected inflation report weighed on fintech lenders, including SoFi, adding near-term pressure as investors reassess the sector’s outlook. Hot Inflation Report Hits Fintech Lenders

Insider Activity

In other news, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $17.50, for a total transaction of $325,920.00. Following the completion of the sale, the chief technology officer owned 912,650 shares in the company, valued at $15,971,375. The trade was a 2.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the sale, the executive vice president owned 356,442 shares of the company's stock, valued at $6,415,956. The trade was a 3.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 50,316 shares of company stock worth $852,605. 2.50% of the stock is owned by company insiders.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI opened at $16.27 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.74 and a quick ratio of 0.10. The business's fifty day moving average price is $16.28 and its two-hundred day moving average price is $17.51. SoFi Technologies, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $32.73. The stock has a market capitalization of $21.01 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.02 and a beta of 2.25.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.25 billion. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.81%. SoFi Technologies's quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. UBS Group upped their price objective on shares of SoFi Technologies from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, October 29th. Weiss Ratings raised SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, October 21st. Loop Capital began coverage on SoFi Technologies in a research note on Tuesday, September 8th. They set a "hold" rating and a $22.00 price target on the stock. Mizuho lowered their price target on SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods upped their price target on SoFi Technologies from $15.00 to $16.00 and gave the company an "underperform" rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, SoFi Technologies presently has a consensus rating of "Hold" and a consensus target price of $21.27.

SoFi Technologies Profile

SoFi Technologies, Inc. is a U.S.-based digital financial services company that offers consumer lending, banking and investment products through its online platform. Its services include personal, student and home loans, deposit accounts, credit cards and investment offerings. Founded in 2011 as Social Finance, the company initially focused on student loan refinancing before expanding into a broader range of financial services. SoFi also provides financial technology infrastructure through businesses including Galileo, which supports payment processing and other services for financial institutions and fintech companies.

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