Cibc World Market Inc. Takes Position in SoFi Technologies, Inc. $SOFI

Cibc World Market Inc. acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 38,674 shares of the company’s stock, valued at approximately $693,000.

A number of other hedge funds have also made changes to their positions in SOFI. BlackRock Inc. purchased a new stake in SoFi Technologies in the 2nd quarter valued at $1,298,925,000. North Dakota State Investment Board purchased a new position in shares of SoFi Technologies during the 4th quarter worth $1,044,000. Brighton Jones LLC boosted its position in shares of SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after acquiring an additional 14,281 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of SoFi Technologies during the 4th quarter valued at about $13,299,000. Finally, Trek Financial LLC purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at about $3,865,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of SoFi Technologies stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the transaction, the executive vice president directly owned 356,442 shares of the company’s stock, valued at $6,415,956. The trade was a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction dated 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 sale, the chief technology officer owned 895,089 shares in the company, 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 sold a total of 136,505 shares of company stock worth $2,418,096 in the last quarter. Company insiders own 2.50% of the company’s stock.

Key SoFi Technologies News

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Truist Financial increased their price target on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. TD Cowen cut their price target on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Finally, Citigroup decreased their price objective on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and a consensus price target of $22.42.

SoFi Technologies Stock Up 1.8%

Shares of SOFI opened at $19.18 on Friday. The company’s 50-day moving average price is $17.83 and its 200 day moving average price is $17.56. SoFi Technologies, Inc. has a 12-month low of $14.88 and a 12-month high of $32.73. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The firm has a market cap of $24.77 billion, a P/E ratio of 39.96 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. SoFi Technologies’s revenue was up 42.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

SoFi Technologies 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.