Legal & General Group Plc Grows Position in SoFi Technologies, Inc. $SOFI

Legal & General Group Plc boosted its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 16.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,484,547 shares of the company’s stock after acquiring an additional 343,755 shares during the quarter. Legal & General Group Plc’s holdings in SoFi Technologies were worth $65,045,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies in the fourth quarter valued at approximately $25,000. Blue Trust Inc. lifted its position in SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after buying an additional 878 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in SoFi Technologies during the fourth quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SoFi Technologies during the fourth quarter valued at approximately $29,000. Finally, Quaker Wealth Management LLC lifted its position in SoFi Technologies by 2,745.2% during the fourth quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company’s stock valued at $31,000 after buying an additional 1,153 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies News Roundup

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

• Positive Sentiment: SoFi launched a native stablecoin feature for banking customers, giving the company a new crypto-adjacent product and a potential driver of user activity. SoFi launches native stablecoin to all its banking customers
• Positive Sentiment: Shares are benefiting from renewed enthusiasm around fintech and technical breakout buying, with traders pointing to strong momentum after a recent double-bottom setup. SoFi Shares Surge On Stablecoin Rollout: What Investors Need To Know
• Positive Sentiment: Analysts and market commentators say SoFi’s expanding ecosystem and rapid growth in members and products reinforce the company’s long-term growth story. SoFi’s Expanding Ecosystem Highlights Strong Growth Momentum
• Positive Sentiment: Unusually heavy call-option buying suggests traders are positioning for continued upside in the near term. SoFi surges 13%: Stablecoins, short squeezes, and the return of retail
• Neutral Sentiment: Coverage also notes SoFi has had a weak year overall, so the rally may reflect a rebound from depressed levels as much as fresh fundamental news. SoFi Stock Caps Off a Huge Week. Momentum Is Back.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,037 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total transaction of $155,874.61. Following the transaction, the executive vice president directly owned 323,247 shares of the company’s stock, valued at approximately $5,020,025.91. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 94,958 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the transaction, the chief technology officer directly owned 839,640 shares in the company, valued at approximately $14,634,925.20. The trade was a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 124,479 shares of company stock valued at $2,163,556. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Up 7.4%

NASDAQ SOFI opened at $18.22 on Friday. The company’s fifty day simple moving average is $16.69 and its 200-day simple moving average is $21.65. SoFi Technologies, Inc. has a 52 week low of $12.86 and a 52 week high of $32.73. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The stock has a market cap of $23.37 billion, a P/E ratio of 41.41 and a beta of 2.12.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities research analysts predict that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of recent research reports. Weiss Ratings cut shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Needham & Company LLC reduced their price target on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Stephens reduced their price target on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 3rd. Seven research 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, SoFi Technologies presently has an average rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Company 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.