The Manufacturers Life Insurance Company Invests $1.30 Million in SoFi Technologies, Inc. $SOFI

Key Points

• The Manufacturers Life Insurance Company purchased 72,575 SoFi shares worth approximately $1.30 million during the second quarter. Institutional investors collectively own 38.43% of SOFI.
• Analyst sentiment is mixed: Scotiabank and Piper Sandler issued bullish ratings with price targets of $25 and $22, respectively, while Morgan Stanley maintained an underweight rating with a $15 target. The consensus rating is “Hold,” with an average target price of $22.55.
• SoFi exceeded quarterly expectations, reporting $0.12 in earnings per share and $1.21 billion in revenue, up 42.5% year over year. Shares recently opened at $18.22, with a 52-week range of $14.88 to $32.73.

The Manufacturers Life Insurance Company purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 72,575 shares of the company's stock, valued at approximately $1,301,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SOFI. BlackRock Inc. bought a new stake in SoFi Technologies in the 2nd quarter worth about $1,298,925,000. North Dakota State Investment Board purchased a new stake in shares of SoFi Technologies during the 4th quarter valued at about $1,044,000. Brighton Jones LLC boosted its holdings in shares of SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock valued at $11,077,000 after acquiring an additional 14,281 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of SoFi Technologies in the fourth quarter worth approximately $13,299,000. Finally, Trek Financial LLC bought a new stake in shares of SoFi Technologies in the fourth quarter worth approximately $3,865,000. Institutional investors own 38.43% of the company's stock.

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of research analyst reports. Scotiabank started coverage on shares of SoFi Technologies in a research report on Wednesday. They set a "sector outperform" rating and a $25.00 price objective on the stock. Morgan Stanley decreased their target price on shares of SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, July 30th. Piper Sandler assumed coverage on SoFi Technologies in a report on Monday, August 17th. They set an "overweight" rating and a $22.00 price target on the stock. Mizuho dropped 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, The Goldman Sachs Group lifted their price objective on SoFi Technologies from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $22.55.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $18.22 on Friday. The firm has a fifty day moving average price of $17.89 and a 200-day moving average price of $17.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. The stock has a market cap of $23.53 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 1.52 and a beta of 2.20. SoFi Technologies, Inc. has a 1 year low of $14.88 and a 1 year high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Jeremy Rishel sold 102,123 shares of the business's stock in a transaction dated 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 transaction, the chief technology officer directly owned 895,089 shares in the company, valued at $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 the company's 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 transaction, the executive vice president directly owned 356,442 shares of the company's stock, valued at approximately $6,415,956. This trade represents 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. Insiders sold 136,505 shares of company stock worth $2,418,096 over the last 90 days. Company insiders own 2.50% of the company's stock.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: Payward/Kraken partnership expands SoFi’s digital-asset infrastructure. Payward, the parent of Kraken, will connect to SoFi’s Big Business Banking capabilities and SoFi Exchange Network, use Kraken Prime for crypto liquidity, and gain access to 24/7 U.S.-dollar settlement. The agreement also makes SoFiUSD available on Kraken, potentially increasing stablecoin adoption, transaction activity, and fee opportunities. SoFi integrates Payward into real-time settlement network
• Positive Sentiment: Scotiabank initiated coverage with a Sector Outperform rating and a $25 price target. The target implies meaningful upside from recent trading levels and provides fresh institutional support for SoFi’s growth strategy. Scotiabank initiates coverage
• Positive Sentiment: Analysts and bullish commentary continue to point to record revenue, member growth, improving cross-selling, and a long-term opportunity for SoFiUSD and digital financial services. SoFi price prediction
• Neutral Sentiment: The Kraken deal is strategically significant but its financial impact is uncertain. SoFi must convert expanded stablecoin access, settlement volume, and crypto liquidity into recurring revenue while managing regulatory and digital-asset risks. SoFi-Kraken partnership
• Negative Sentiment: Valuation remains a concern. Despite strong long-term returns and recent operating growth, some analysis suggests SOFI is expensive relative to intrinsic value and may already price in substantial future success. This valuation debate likely contributed to pressure on the shares. SoFi stock valuation analysis

About SoFi Technologies

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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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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