Centaurus Financial Inc. purchased a new position in SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 77,075 shares of the company’s stock, valued at approximately $1,382,000.
A number of other hedge funds have also recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. bought a new position in shares of SoFi Technologies in the fourth quarter valued at $25,000. 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 worth $26,000 after acquiring an additional 739 shares in the last quarter. Reflection Asset Management bought a new stake in shares of SoFi Technologies during the fourth quarter worth about $28,000. Raiffeisen Bank International AG acquired a new stake in shares of SoFi Technologies in the 4th quarter worth about $34,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of SoFi Technologies by 232.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock worth $34,000 after acquiring an additional 1,467 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.
Analyst Ratings Changes
A number of analysts have commented on SOFI shares. Piper Sandler initiated coverage on SoFi Technologies in a report on Monday, August 17th. They set an “overweight” rating and a $22.00 price objective for the company. UBS Group cut their target price on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a 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 report on Monday, May 4th. Finally, The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.42.
Trending Headlines about SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: SoFi Plus could support recurring growth. Early traction for the company’s paid membership program is encouraging investors, particularly because SoFi can cross-sell lending, investing, banking and other products to members. Higher product adoption and membership revenue could make growth more diversified and predictable. SoFi Technologies’ SoFi Plus: Can Paid Membership Drive Growth?
- Positive Sentiment: Recent earnings and technical momentum remain supportive. SoFi’s latest quarterly results exceeded expectations, with earnings per share of $0.12 versus an $0.11 consensus estimate and revenue of $1.21 billion, up 42.5% year over year. The stock’s recent rebound and move back above key trend lines have also improved investor sentiment. SoFi stock edges higher Thursday: What’s going on?
- Neutral Sentiment: Investors are comparing SoFi’s diversified platform with Sezzle’s more focused fintech model. The comparison highlights SoFi’s broader product offering and scale, but also brings attention to differences in valuation, growth rates and risk. The discussion may increase visibility without establishing a clear near-term catalyst. Sezzle vs. SoFi: Which High-Growth Fintech Stock Is the Better Buy Now?
- Negative Sentiment: Valuation and analyst caution are limiting enthusiasm. One analysis argues that even with strong execution, the stock’s rebound may already reflect much of the good news and recommends reducing exposure to a hold. Separately, analysts’ consensus recommendation is “Hold,” suggesting limited conviction at current valuation levels. SoFi: Everything Went Right, And I’m Still Cutting To Hold SoFi Receives Consensus Recommendation of Hold
Insider Activity
In related news, EVP Kelli Keough sold 11,286 shares of SoFi Technologies stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the sale, the executive vice president owned 356,442 shares of the company’s stock, valued at approximately $6,415,956. The trade was a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 company’s stock in a transaction that occurred 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 owned 895,089 shares in the company, valued at approximately $15,914,682.42. The trade was 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. In the last ninety days, insiders sold 136,505 shares of company stock worth $2,418,096. Insiders own 2.50% of the company’s stock.
SoFi Technologies Stock Up 1.8%
Shares of NASDAQ:SOFI opened at $19.18 on Friday. SoFi Technologies, Inc. has a 1 year low of $14.88 and a 1 year high of $32.73. The company has a market capitalization of $24.77 billion, a PE ratio of 39.96 and a beta of 2.17. The business has a fifty day moving average price of $17.83 and a two-hundred day moving average price of $17.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company 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 firm’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Analysts forecast that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.
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.
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