Virtus Wealth Solutions LLC Purchases New Shares in SoFi Technologies, Inc. $SOFI

Virtus Wealth Solutions LLC acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 179,605 shares of the company’s stock, valued at approximately $4,745,000. SoFi Technologies accounts for about 0.9% of Virtus Wealth Solutions LLC’s investment portfolio, making the stock its 21st largest holding.

Several other large investors have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in SoFi Technologies by 12.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock valued at $88,864,000 after acquiring an additional 540,610 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new position in SoFi Technologies during the 2nd quarter valued at about $209,000. Quantbot Technologies LP purchased a new stake in SoFi Technologies in the 2nd quarter worth about $25,699,000. Vanguard Group Inc. lifted its stake in SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock worth $2,829,640,000 after purchasing an additional 6,814,727 shares during the last quarter. Finally, Marex Group plc bought a new position in shares of SoFi Technologies during the second quarter valued at approximately $11,179,000. Institutional investors own 38.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on SOFI. Citizens Jmp upgraded shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Monday, February 9th. Barclays boosted their price objective on shares of SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Citigroup increased their target price on SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Finally, UBS Group set a $24.50 price objective on SoFi Technologies in a research report on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.34.

Insiders Place Their Bets

In related news, EVP Eric Schuppenhauer bought 5,000 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was bought at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the acquisition, the executive vice president directly owned 228,768 shares in the company, valued at $4,559,346.24. This represents a 2.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Robert S. Lavet bought 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the completion of the acquisition, the general counsel directly owned 17,172 shares in the company, valued at $361,298.88. The trade was a 41.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 214,753 shares of company stock valued at $5,045,087. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $19.29 on Thursday. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $32.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The firm has a market capitalization of $23.26 billion, a P/E ratio of 50.76 and a beta of 2.13. The stock has a 50-day simple moving average of $24.13 and a two-hundred day simple moving average of $26.10.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The firm’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 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.