Convergence Financial LLC Acquires 69,882 Shares of SoFi Technologies, Inc. $SOFI

Convergence Financial LLC increased its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 11.6% in the third quarter, Holdings Channel reports. The firm owned 670,148 shares of the company’s stock after acquiring an additional 69,882 shares during the period. SoFi Technologies makes up 1.5% of Convergence Financial LLC’s portfolio, making the stock its 18th biggest position. Convergence Financial LLC’s holdings in SoFi Technologies were worth $10,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of SoFi Technologies in the second quarter valued at about $1,298,925,000. Bank of America Corp DE acquired a new position in SoFi Technologies during the 2nd quarter worth approximately $163,808,000. D.A. Davidson & CO. lifted its position in SoFi Technologies by 22.2% during the 1st quarter. D.A. Davidson & CO. now owns 267,848 shares of the company’s stock worth $4,253,000 after acquiring an additional 48,682 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in SoFi Technologies by 24.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 189,849 shares of the company’s stock worth $3,015,000 after acquiring an additional 37,554 shares in the last quarter. Finally, Clare Market Investments LLC purchased a new position in SoFi Technologies in the 1st quarter worth approximately $570,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings upgraded SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 21st. Monness Crespi & Hardt initiated coverage on shares of SoFi Technologies in a research note on Monday. They set a “buy” rating and a $20.00 price objective on the stock. Keefe, Bruyette & Woods boosted their target price on shares of SoFi Technologies from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Wednesday. Loop Capital began coverage on shares of SoFi Technologies in a research report on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price on the stock. Finally, Benchmark restated a “sector outperform” rating on shares of SoFi Technologies in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.18.

More SoFi Technologies News

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Strong Q3 beat: SoFi reported approximately $1.37 billion in revenue, up 44.4% year over year, and adjusted earnings of $0.18 per share versus the $0.17 consensus estimate. Profitability, operating leverage and record member and product growth exceeded expectations. SoFi Q3 earnings and revenues surpass estimates
• Positive Sentiment: Guidance raised: Management lifted its 2026 adjusted net revenue outlook to about $5.04 billion and introduced a 2027 forecast of roughly $6.4 billion in adjusted revenue and $0.90 adjusted EPS. The projected earnings growth and expectation that internally generated capital will fund 2027 expansion supported investor optimism. SoFi projects 2027 revenue and earnings
• Positive Sentiment: Growth across the platform: Lending volume, member engagement, cross-selling and product adoption continued to expand, while deposits and a reported 6.14% net interest margin provide a lower-cost funding advantage. Management also highlighted capital flexibility and long-term potential to substantially increase products per member. SoFi Q3 earnings review
• Neutral Sentiment: Analyst reaction is mixed: Wells Fargo raised its price target to $18 while maintaining an equal-weight rating. Keefe, Bruyette & Woods raised its target to $16 but retained an underperform rating, signaling limited consensus on the stock’s near-term upside.
• Negative Sentiment: Valuation and lending risks remain: Analysts caution that the rally has increased valuation concerns, while SoFi’s expanding consumer-lending exposure leaves results sensitive to credit losses, fraud and broader economic weakness. The stock also remains substantially below its 12-month high, underscoring lingering investor skepticism. SoFi stock rallies after earnings

SoFi Technologies Stock Up 4.5%

Shares of SoFi Technologies stock opened at $17.14 on Thursday. The business has a 50-day moving average of $16.62 and a 200-day moving average of $17.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. The company has a market capitalization of $22.14 billion, a PE ratio of 35.71, a P/E/G ratio of 0.85 and a beta of 2.33. SoFi Technologies, Inc. has a 1-year low of $13.86 and a 1-year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.60 EPS for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the transaction, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at $15,971,375. This represents a 2.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 10,203 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $14.72, for a total value of $150,188.16. Following the transaction, the executive vice president owned 397,870 shares of the company’s stock, valued at approximately $5,856,646.40. This trade represents a 2.50% 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 90 days, insiders have sold 50,316 shares of company stock valued at $852,605. 2.50% of the stock is owned by insiders.

SoFi Technologies 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.