Portman Square Capital LLP Makes New $600,000 Investment in SoFi Technologies, Inc. $SOFI

Portman Square Capital LLP bought a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the first quarter, Holdings Channel reports. The firm bought 37,753 shares of the company’s stock, valued at approximately $600,000. SoFi Technologies makes up 0.0% of Portman Square Capital LLP’s investment portfolio, making the stock its 23rd largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Firsthand Capital Management Inc. grew its stake in shares of SoFi Technologies by 60.0% in the 3rd quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock valued at $2,114,000 after buying an additional 30,000 shares in the last quarter. SG Americas Securities LLC raised its position in SoFi Technologies by 161.6% during the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock valued at $23,625,000 after acquiring an additional 557,390 shares in the last quarter. Vanguard Group Inc. raised its position in SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after acquiring an additional 3,900,895 shares in the last quarter. North Dakota State Investment Board acquired a new stake in SoFi Technologies in the fourth quarter valued at approximately $1,044,000. Finally, Brighton Jones LLC lifted its stake in SoFi Technologies by 2.0% in the fourth 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. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Stock Performance

SOFI opened at $18.24 on Friday. The firm has a market capitalization of $23.40 billion, a P/E ratio of 41.46 and a beta of 2.14. The stock’s 50 day moving average price is $16.88 and its two-hundred day moving average price is $19.77. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. SoFi Technologies, Inc. has a 12-month low of $14.92 and a 12-month high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly 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 return on equity of 6.25% and a net margin of 14.65%.The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SOFI shares. Morgan Stanley set a $16.00 price target on shares of SoFi Technologies in a research note on Thursday, April 30th. Weiss Ratings cut shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Wells Fargo & Company lowered their target price on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Citigroup cut their target price on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Mizuho set a $29.00 target price on SoFi Technologies in a report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.56.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 10,954 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $17.35, for a total transaction of $190,051.90. Following the transaction, the executive vice president owned 378,682 shares in the company, valued at approximately $6,570,132.70. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This represents a 10.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 134,044 shares of company stock worth $2,370,056 in the last ninety days. 2.50% of the stock is currently owned by insiders.

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.