Wealthfront Advisers LLC acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 236,417 shares of the company’s stock, valued at approximately $4,239,000.
A number of other hedge funds have also modified their holdings of SOFI. Brighton Jones LLC raised its position in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after buying an additional 14,281 shares during the last quarter. Caxton Associates LLP bought a new stake in SoFi Technologies during the 1st quarter worth about $129,000. Empowered Funds LLC lifted its position in SoFi Technologies by 5.2% during the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock worth $385,000 after buying an additional 1,631 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of SoFi Technologies by 23.2% during the 2nd quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock worth $251,000 after buying an additional 2,596 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of SoFi Technologies in the second quarter valued at about $4,633,000. 38.43% of the stock is currently owned by institutional investors.
Key Stories Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: Fintech-sector rally supports sentiment. SoFi shares participated in a broader rebound among fintech lenders, helped by a sharp move in the Treasury market and improved investor appetite for growth-oriented financial stocks. SoFi Climbs 6%, Upstart Jumps 8%, Affirm Rises 7% as Fintech Names Rebound With Bond Market Catalyst
- Positive Sentiment: Piper Sandler assigned SoFi an Overweight rating. The analyst endorsement adds support to the bullish case following SoFi’s strong second-quarter performance. Other coverage has pointed to potentially substantial upside after the company exceeded earnings and revenue expectations. SoFi Technologies Earns Overweight Rating from Piper Sandler
- Positive Sentiment: Record lending activity highlights operating momentum. SoFi originated approximately $14.8 billion in loans, reinforcing growth expectations. Its diversified revenue base, profitability and deposit funding were also viewed favorably compared with Upstart. SoFi Technologies Loan Boom: Can Record Originations Keep Climbing?
- Positive Sentiment: Potential crypto-regulation tailwind. Cryptocurrency and blockchain-related stocks rose after President Trump urged Congress to pass the Clarity Act, which could establish clearer digital-asset rules. The sector-wide move may benefit SoFi’s fintech narrative, although the direct financial impact remains uncertain. Bitcoin, Crypto Shares Climb After Trump Pushes Clarity Act
- Neutral Sentiment: Strong earnings provide a supportive foundation. SoFi recently reported earnings above consensus, revenue growth of 42.5% year over year and quarterly revenue ahead of estimates. Investors are now focused on whether this growth can continue under the company’s fiscal 2026 outlook. SoFi Technologies Just Reported Earnings: The One Number That Matters Most
- Negative Sentiment: Valuation and execution risks are limiting enthusiasm. Analysts and commentators note that SOFI’s shares appear priced at a premium after more than doubling over three years. Investors are also monitoring credit performance and funding costs as originations expand, while some fintech names are viewed as priced for near-perfect execution. SoFi Stock Looks Rich on Fair Value Yet Strong on Returns
Analyst Ratings Changes
Check Out Our Latest Report on SoFi Technologies
Insider Buying and Selling
In other SoFi Technologies news, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $17.19, for a total value of $188,299.26. Following the transaction, the executive vice president directly owned 367,728 shares of the company’s stock, valued at approximately $6,321,244.32. This trade represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction 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 position. The SEC filing for this sale provides additional information. 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 125,219 shares of company stock worth $2,214,948 over the last 90 days. Company insiders own 2.50% of the company’s stock.
SoFi Technologies Trading Down 2.7%
Shares of NASDAQ SOFI opened at $17.92 on Friday. The firm has a 50 day moving average price of $17.68 and a two-hundred day moving average price of $17.64. The stock has a market cap of $23.14 billion, a P/E ratio of 37.33 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. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm’s revenue was up 42.5% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.61 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.
Read More
- Five stocks we like better than SoFi Technologies
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Want to see what other hedge funds are holding SOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report).
Receive News & Ratings for SoFi Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoFi Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
