Tidal Investments LLC Has $9.65 Million Stock Position in SoFi Technologies, Inc. $SOFI

Tidal Investments LLC raised its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 39.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 538,067 shares of the company’s stock after purchasing an additional 150,923 shares during the period. Tidal Investments LLC’s holdings in SoFi Technologies were worth $9,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in SoFi Technologies in the second quarter valued at about $1,298,925,000. North Dakota State Investment Board acquired a new position in SoFi Technologies during the 4th quarter worth approximately $1,044,000. Brighton Jones LLC grew its holdings in shares of SoFi Technologies by 2.0% in 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 in the last quarter. Alberta Investment Management Corp bought a new position in shares of SoFi Technologies in the fourth quarter valued at $13,299,000. Finally, Allstate Corp grew its holdings in SoFi Technologies by 117.3% during the fourth quarter. Allstate Corp now owns 89,452 shares of the company’s stock worth $2,342,000 after purchasing an additional 48,283 shares during the period. Institutional investors own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

SOFI has been the subject of several research reports. Morgan Stanley cut their price objective on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Mizuho lowered their price target on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Loop Capital began coverage on SoFi Technologies in a report on Tuesday. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Needham & Company LLC cut their price target on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.52.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $17.32 on Friday. The business’s 50-day moving average price is $17.83 and its 200-day moving average price is $17.41. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 1.42 and a beta of 2.20. 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.

SoFi Technologies (NASDAQ:SOFI) last posted its 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. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm posted $0.08 EPS. The company’s revenue for the quarter was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Insider Activity

In related news, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 356,442 shares in the company, valued at $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 Securities & Exchange Commission, which is available at 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 business’s stock in a transaction dated 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 directly owned 895,089 shares in the company, valued at $15,914,682.42. This represents a 10.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 136,505 shares of company stock valued at $2,418,096. Insiders own 2.50% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.