SoFi Technologies, Inc. $SOFI Shares Newly Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 130,785 shares of the company’s stock, valued at approximately $2,081,000.

Other institutional investors also recently modified their holdings of the company. Capital Advisors Inc. OK grew its stake in shares of SoFi Technologies by 2.2% during the second quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company’s stock valued at $508,000 after purchasing an additional 615 shares during the last quarter. CX Institutional increased its holdings in shares of SoFi Technologies by 36.2% in the second quarter. CX Institutional now owns 2,477 shares of the company’s stock valued at $44,000 after purchasing an additional 658 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of SoFi Technologies by 44.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company’s stock valued at $35,000 after purchasing an additional 689 shares in the last quarter. Archer Investment Corp increased its holdings in shares of SoFi Technologies by 27.6% in the first quarter. Archer Investment Corp now owns 3,191 shares of the company’s stock valued at $51,000 after purchasing an additional 691 shares in the last quarter. Finally, Fermata Advisors LLC raised its position in SoFi Technologies by 4.9% in the 2nd quarter. Fermata Advisors LLC now owns 15,429 shares of the company’s stock worth $277,000 after purchasing an additional 719 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

SoFi Technologies News Summary

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

• Positive Sentiment: SoFi’s CEO called the third quarter “exceptional,” and the company’s 2027 earnings guidance of $0.90 per share helped drive a sharp rally after the results. SoFi CEO Calls Q3 “Exceptional” as 2027 Guide Lands at $0.90 a Share
• Neutral Sentiment: A report says SoFi may need 13% member growth to reach 20 million users in 2027, highlighting a potential growth milestone but not providing a near-term catalyst. SoFi Technologies Needs Just 13% Member Growth To Cross 20 Million Users In 2027
• Negative Sentiment: A hot inflation reading unsettled rate-sensitive fintech lenders. SoFi declined alongside peers, as investors weighed the potential impact of the inflation backdrop on lending businesses. Hot Inflation Report Hits Fintech Lenders

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SOFI shares. UBS Group upped their price objective on SoFi Technologies from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Keefe, Bruyette & Woods increased their price objective on SoFi Technologies from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Wednesday, October 28th. Benchmark reissued a “sector outperform” rating on shares of SoFi Technologies in a research note on Wednesday, October 28th. Needham & Company LLC restated a “buy” rating and set a $24.00 target price on shares of SoFi Technologies in a research report on Wednesday, October 28th. Finally, Wells Fargo & Company restated a “negative” rating on shares of SoFi Technologies in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and a consensus price target of $21.27.

SoFi Technologies Stock Down 2.3%

Shares of NASDAQ SOFI opened at $16.37 on Wednesday. The firm has a market capitalization of $21.14 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 1.04 and a beta of 2.25. 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, Inc. has a 1 year low of $13.86 and a 1 year high of $32.73. The firm’s 50-day moving average is $16.30 and its 200-day moving average is $17.55.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.25 billion. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.89%. SoFi Technologies’s revenue was up 44.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 EPS. Equities analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were 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 approximately $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of SoFi Technologies stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the sale, the executive vice president directly owned 356,442 shares of the company’s stock, valued at $6,415,956. This represents a 3.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 50,316 shares of company stock worth $852,605 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

About SoFi Technologies

SoFi Technologies, Inc. is a U.S.-based digital financial services company that offers consumer lending, banking and investment products through its online platform. Its services include personal, student and home loans, deposit accounts, credit cards and investment offerings. Founded in 2011 as Social Finance, the company initially focused on student loan refinancing before expanding into a broader range of financial services. SoFi also provides financial technology infrastructure through businesses including Galileo, which supports payment processing and other services for financial institutions and fintech companies.