Wealthspan Partners LLC Buys Shares of 33,327 SoFi Technologies, Inc. $SOFI

Key Points

• Wealthspan Partners initiated a position in SoFi Technologies by purchasing 33,327 shares worth approximately $598,000. Institutional investors and hedge funds collectively own 38.43% of SOFI.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $22.44; eight analysts rate the stock a Buy, 10 a Hold, and three a Sell.
• SoFi reported quarterly EPS of $0.12, exceeding estimates by $0.01, while revenue rose 42.5% year over year to $1.21 billion. Insiders sold 135,256 shares worth about $2.37 million over the past three months, primarily under pre-arranged trading plans.

Wealthspan Partners LLC purchased a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 33,327 shares of the company's stock, valued at approximately $598,000.

A number of other large 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 acquiring an additional 14,281 shares during the last quarter. Caxton Associates LLP acquired a new position in SoFi Technologies during the 1st quarter valued at $129,000. Empowered Funds LLC raised its stake in SoFi Technologies by 5.2% during the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock valued at $385,000 after purchasing an additional 1,631 shares during the last quarter. Franklin Resources Inc. boosted its holdings in SoFi Technologies by 23.2% in the 2nd quarter. Franklin Resources Inc. now owns 13,796 shares of the company's stock valued at $251,000 after purchasing an additional 2,596 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in SoFi Technologies in the 2nd quarter valued at $4,633,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SOFI. Needham & Company LLC dropped their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $18.00 price objective on shares of SoFi Technologies in a research report on Thursday, April 30th. Piper Sandler assumed coverage on shares of SoFi Technologies in a research note on Monday. They issued an "overweight" rating for the company. Truist Financial lifted 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. Finally, The Goldman Sachs Group boosted their price target on SoFi Technologies from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $22.44.

Insider Activity

In related news, EVP Kelli Keough sold 10,954 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $17.19, for a total transaction of $188,299.26. Following the completion of the transaction, the executive vice president owned 367,728 shares in the company, valued at $6,321,244.32. This trade represents a 2.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the business's stock in a transaction on Wednesday, June 17th. The shares were 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 in the company, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 135,256 shares of company stock valued at $2,370,822 in the last three months. Company insiders own 2.50% of the company's stock.

SoFi Technologies Price Performance

SOFI opened at $18.29 on Monday. The company has a market capitalization of $23.62 billion, a P/E ratio of 38.10 and a beta of 2.17. 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 firm's fifty day moving average price is $17.55 and its two-hundred day moving average price is $17.81. SoFi Technologies, Inc. has a fifty-two week low of $14.88 and a fifty-two week high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $1.21 billion during 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%. The business's revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.6 EPS for the current year.

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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