Sumitomo Mitsui DS Asset Management Company Ltd Acquires 43,967 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in SoFi by 8.4%, buying 43,967 shares to hold 565,607 shares valued at about $14.81 million.
• Analysts have trimmed targets recently and SoFi carries a consensus rating of "Hold" with an average price target of $22.72.
• SoFi reported Q results with $1.09 billion revenue (up 42.6% YoY) and $0.12 EPS in line with estimates, and set FY2026 guidance of roughly 0.600 EPS.

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 565,607 shares of the company's stock after purchasing an additional 43,967 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in SoFi Technologies were worth $14,808,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SOFI. Brighton Jones LLC grew its stake 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 purchasing an additional 14,281 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of SoFi Technologies in the first quarter worth $129,000. Empowered Funds LLC grew its stake in shares of SoFi Technologies by 5.2% in the first quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock worth $385,000 after purchasing an additional 1,631 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of SoFi Technologies by 23.2% in the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company's stock worth $251,000 after purchasing an additional 2,596 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of SoFi Technologies in the second quarter worth $4,633,000. Institutional investors own 38.43% of the company's stock.

Wall Street Analyst Weigh In

SOFI has been the topic of a number of research analyst reports. TD Cowen cut their price target on shares of SoFi Technologies from $24.00 to $18.00 and set a "hold" rating on the stock in a research report on Thursday, April 30th. Truist Financial lowered their target price on shares of SoFi Technologies from $21.00 to $20.00 and set a "hold" rating on the stock in a report on Friday, April 24th. Stephens lowered their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company decreased their price objective on shares of SoFi Technologies from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, April 9th. Finally, Citigroup decreased their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research note on Monday. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and an average target price of $22.72.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 9,755 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $18.87, for a total value of $184,076.85. Following the completion of the transaction, the executive vice president directly owned 293,725 shares of the company's stock, valued at approximately $5,542,590.75. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Robert S. Lavet acquired 5,000 shares of the business's stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average cost of $21.04 per share, with a total value of $105,200.00. Following the completion of the acquisition, the general counsel owned 17,172 shares in the company, valued at $361,298.88. This trade represents a 41.08% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 218,422 shares of company stock worth $4,105,468 in the last 90 days. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies Stock Up 1.7%

SOFI opened at $16.30 on Thursday. The company has a 50 day moving average of $17.49 and a 200 day moving average of $23.16. The company has a market cap of $20.79 billion, a PE ratio of 37.05 and a beta of 2.12. SoFi Technologies, Inc. has a 12 month low of $12.56 and a 12 month high of $32.73. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.63%. SoFi Technologies's revenue for the quarter was up 42.6% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

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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