SoFi Technologies, Inc. $SOFI Shares Newly Acquired by Yarbrough Capital LLC

Yarbrough Capital LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the third quarter, HoldingsChannel reports. The institutional investor bought 274,612 shares of the company’s stock, valued at approximately $4,317,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of SoFi Technologies in the second quarter valued at about $1,298,925,000. Bank of America Corp DE purchased a new stake in SoFi Technologies in the second quarter worth about $163,808,000. Dimensional Fund Advisors LP lifted its position in shares of SoFi Technologies by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock worth $144,539,000 after purchasing an additional 359,785 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in SoFi Technologies by 2.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company’s stock worth $90,348,000 after buying an additional 156,218 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in SoFi Technologies during the second quarter worth $93,937,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 11,286 shares of SoFi Technologies stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the sale, the executive vice president directly owned 356,442 shares in the company, valued at approximately $6,415,956. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $17.50, for a total transaction of $325,920.00. Following the sale, the chief technology officer directly owned 912,650 shares in the company, valued at $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 40,113 shares of company stock valued at $702,417. Corporate insiders own 2.50% of the company’s stock.

SoFi Technologies Stock Down 1.7%

NASDAQ SOFI traded down $0.25 on Monday, hitting $14.30. The stock had a trading volume of 39,596,904 shares, compared to its average volume of 63,966,660. The business’s fifty day moving average price is $17.09 and its 200 day moving average price is $17.12. The stock has a market cap of $18.47 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 0.84 and a beta of 2.33. 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, Inc. has a 52-week low of $13.86 and a 52-week high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm 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 company’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts anticipate that SoFi Technologies, Inc. will post 0.60 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on SOFI. Loop Capital assumed coverage on SoFi Technologies in a research report on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price on the stock. TD Cowen cut their target price on SoFi Technologies from $18.00 to $17.50 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. Mizuho reduced their target price on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Piper Sandler assumed coverage on shares of SoFi Technologies in a report on Monday, August 17th. They issued an “overweight” rating and a $22.00 target price for the company. Finally, Stonex Financia raised shares of SoFi Technologies to a “strong-buy” rating in a research report on Monday, October 12th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.20.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.