Pegasus Asset Management Inc. Boosts Stock Position in SoFi Technologies, Inc. $SOFI

Pegasus Asset Management Inc. lifted its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 59.2% in the first quarter, Holdings Channel.com reports. The fund owned 212,786 shares of the company’s stock after purchasing an additional 79,127 shares during the period. Pegasus Asset Management Inc.’s holdings in SoFi Technologies were worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Valley Wealth Managers Inc. bought a new position in SoFi Technologies in the 4th quarter worth about $25,000. Blue Trust Inc. grew its holdings in SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after buying an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. increased its position in shares of SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 739 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of SoFi Technologies during the fourth quarter valued at about $28,000. Finally, Reflection Asset Management purchased a new stake in shares of SoFi Technologies in the fourth quarter worth about $28,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Stock Down 0.1%

SOFI stock opened at $17.30 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $16.99 and its 200 day moving average is $20.10. The stock has a market cap of $22.19 billion, a price-to-earnings ratio of 39.32 and a beta of 2.14. SoFi Technologies, Inc. has a 1-year low of $14.92 and a 1-year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted $0.06 earnings per share. SoFi Technologies’s quarterly revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Sell-side analysts predict that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company reduced 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. TD Cowen lowered their target price on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Stephens cut their price target on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Argus assumed coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They set a “hold” rating for the company. Finally, UBS Group decreased their price target 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. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.56.

Key SoFi Technologies News

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

• Positive Sentiment: SoFi’s acquisition of Composer expands its AI investing tools and could improve user engagement and retention if the platform gains traction. Yahoo Finance: SoFi deepens AI-powered trading ambitions with Composer deal
• Positive Sentiment: SoFi remains a heavily watched stock among Zacks users, suggesting continued investor interest and trading momentum. Zacks: SoFi is attracting investor attention
• Neutral Sentiment: Analyst sentiment remains mixed overall, with the stock carrying a consensus “Hold” rating and valuation still seen as rich relative to execution risk.
• Negative Sentiment: An executive vice president sold shares under a pre-arranged trading plan, which may create some caution even though the sale was not unusual. InsiderTrades: Insider selling by SoFi EVP
• Negative Sentiment: Short-interest data showed no meaningful bearish positioning change, so there is little evidence of a new short-squeeze setup to drive the stock higher.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 102,123 shares of the company’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 transaction, the chief technology officer directly 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 10,954 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total value of $190,051.90. Following the completion of the transaction, the executive vice president directly owned 378,682 shares in the company, valued at approximately $6,570,132.70. This represents a 2.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 134,044 shares of company stock valued at $2,370,056 in the last quarter. Insiders own 2.50% of the company’s stock.

SoFi Technologies 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.