Daiichi Life Insurance Co. Ltd. Purchases New Position in SoFi Technologies, Inc. $SOFI

Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 43,644 shares of the company’s stock, valued at approximately $783,000.

A number of other large investors have also added to or reduced their stakes in SOFI. Commerce Bank bought a new position in shares of SoFi Technologies during the 2nd quarter valued at approximately $225,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of SoFi Technologies in the second quarter valued at $5,140,000. Quantbot Technologies LP bought a new stake in SoFi Technologies in the second quarter worth $3,479,000. Evolve Private Wealth LLC bought a new stake in SoFi Technologies in the second quarter worth $726,000. Finally, Sumitomo Life Insurance Co. purchased a new stake in SoFi Technologies during the second quarter valued at $472,000. Institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SOFI. Piper Sandler began coverage on shares of SoFi Technologies in a research report on Monday, August 17th. They set an “overweight” rating and a $22.00 price objective for the company. UBS Group reduced their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Weiss Ratings upgraded shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Truist Financial increased their price target on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Finally, Mizuho dropped their price target on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.42.

SoFi Technologies Stock Down 3.5%

NASDAQ SOFI opened at $18.24 on Tuesday. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average of $17.75 and a two-hundred day moving average of $17.59. The firm has a market capitalization of $23.56 billion, a price-to-earnings ratio of 38.00 and a beta of 2.17. SoFi Technologies, Inc. has a 52 week low of $14.88 and a 52 week high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 42.5% on a year-over-year basis. During the same quarter in the prior 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 predict that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the transaction, the executive vice president owned 356,442 shares in the company, valued at $6,415,956. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction that occurred 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 owned 895,089 shares in the company, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. 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 have sold a total of 136,505 shares of company stock worth $2,418,096 over the last quarter. 2.50% of the stock is currently owned by insiders.

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.