SoFi Technologies, Inc. $SOFI Stock Holdings Lifted by Leonteq Securities AG

Leonteq Securities AG grew its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 370.0% in the first quarter, Holdings Channel.com reports. The fund owned 73,552 shares of the company’s stock after buying an additional 57,904 shares during the quarter. Leonteq Securities AG’s holdings in SoFi Technologies were worth $1,168,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SOFI. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of SoFi Technologies by 59.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 426,050 shares of the company’s stock worth $6,766,000 after acquiring an additional 158,050 shares during the last quarter. Keybank National Association OH lifted its holdings in shares of SoFi Technologies by 96.6% during the first quarter. Keybank National Association OH now owns 22,410 shares of the company’s stock valued at $356,000 after purchasing an additional 11,012 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of SoFi Technologies by 10.8% during the first quarter. IFM Investors Pty Ltd now owns 246,093 shares of the company’s stock valued at $3,908,000 after purchasing an additional 24,054 shares during the last quarter. Mayflower Financial Advisors LLC boosted its position in shares of SoFi Technologies by 2.3% in the 1st quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company’s stock valued at $464,000 after purchasing an additional 653 shares during the period. Finally, Pathway Financial Advisers LLC boosted its position in shares of SoFi Technologies by 3.5% in the 1st quarter. Pathway Financial Advisers LLC now owns 49,525 shares of the company’s stock valued at $786,000 after purchasing an additional 1,677 shares during the period. 38.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SOFI shares. Keefe, Bruyette & Woods dropped their price target on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a research note on Thursday, April 9th. Mizuho set a $29.00 target price on shares of SoFi Technologies in a report on Wednesday, May 6th. Wells Fargo & Company dropped their target price on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Argus initiated coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They issued a “hold” rating on the stock. Finally, Weiss Ratings lowered shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $22.56.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CEO Anthony Noto bought 15,545 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 134,044 shares of company stock valued at $2,370,056 in the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $18.24 on Friday. SoFi Technologies, Inc. has a 1-year low of $14.92 and a 1-year high of $32.73. 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 has a market capitalization of $23.40 billion, a price-to-earnings ratio of 41.46 and a beta of 2.14. The stock’s fifty day simple moving average is $16.88 and its 200-day simple moving average is $19.77.

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