Polianta Ltd Purchases New Position in SoFi Technologies, Inc. $SOFI

Polianta Ltd purchased a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 71,800 shares of the company’s stock, valued at approximately $1,140,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after purchasing an additional 3,900,895 shares during the period. State Street Corp boosted its holdings in shares of SoFi Technologies by 6.7% in the 4th quarter. State Street Corp now owns 25,937,928 shares of the company’s stock worth $679,055,000 after purchasing an additional 1,637,430 shares during the period. Geode Capital Management LLC increased its position in shares of SoFi Technologies by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock valued at $618,395,000 after purchasing an additional 1,951,248 shares during the last quarter. Morgan Stanley increased its position in shares of SoFi Technologies by 33.6% during the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after purchasing an additional 3,350,258 shares during the last quarter. Finally, Norges Bank bought a new position in shares of SoFi Technologies during the 4th quarter valued at approximately $321,515,000. 38.43% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Anthony Noto purchased 15,545 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the acquisition, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kelli Keough sold 10,037 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total value of $155,874.61. Following the completion of the sale, the executive vice president owned 323,247 shares of the company’s stock, valued at $5,020,025.91. The trade was a 3.01% 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. Over the last quarter, insiders sold 121,902 shares of company stock valued at $2,159,155. Corporate insiders own 2.50% of the company’s stock.

SoFi Technologies Stock Performance

Shares of SOFI opened at $17.91 on Friday. SoFi Technologies, Inc. has a 1-year low of $14.64 and a 1-year high of $32.73. The company has a 50-day moving average of $16.96 and a 200 day moving average of $20.49. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 40.71 and a beta of 2.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The firm’s quarterly revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, research analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on SOFI shares. Morgan Stanley set a $16.00 price target on SoFi Technologies in a research report on Thursday, April 30th. Citigroup cut their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Keefe, Bruyette & Woods dropped their price target on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research note on Thursday, April 9th. Finally, Barclays cut their price target on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and a consensus price target of $22.56.

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.