Swedbank AB Buys 54,338 Shares of SoFi Technologies, Inc. $SOFI

Swedbank AB raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 54.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 153,529 shares of the company’s stock after purchasing an additional 54,338 shares during the quarter. Swedbank AB’s holdings in SoFi Technologies were worth $2,438,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Lake Street Private Wealth LLC boosted its stake in shares of SoFi Technologies by 4.9% in the 4th quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock valued at $219,000 after purchasing an additional 390 shares during the last quarter. Capital Advisors Wealth Management LLC raised its stake in SoFi Technologies by 0.4% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock worth $2,866,000 after buying an additional 401 shares during the last quarter. First Horizon Corp raised its stake in SoFi Technologies by 14.9% during the fourth quarter. First Horizon Corp now owns 3,116 shares of the company’s stock worth $82,000 after buying an additional 405 shares during the last quarter. Cigna Investments Inc. New lifted its holdings in SoFi Technologies by 3.8% in the fourth quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock valued at $299,000 after buying an additional 416 shares during the period. Finally, Wealthspan Partners LLC lifted its holdings in SoFi Technologies by 2.4% in the fourth quarter. Wealthspan Partners LLC now owns 18,901 shares of the company’s stock valued at $495,000 after buying an additional 450 shares during the period. Institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SOFI has been the subject of a number of recent analyst reports. Stephens decreased their price target on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Truist Financial dropped their price objective on SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings lowered SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group raised their target price on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, UBS Group lowered their target price on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, SoFi Technologies has a consensus rating of “Hold” and an average price target of $22.78.

SoFi Technologies Stock Up 0.9%

NASDAQ:SOFI traded up $0.16 during trading hours on Friday, reaching $18.78. The company had a trading volume of 91,469,685 shares, compared to its average volume of 76,696,920. SoFi Technologies, Inc. has a twelve month low of $14.92 and a twelve month high of $32.73. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The firm has a market cap of $24.09 billion, a price-to-earnings ratio of 42.68 and a beta of 2.14. The business’s 50-day simple moving average is $16.92 and its two-hundred day simple moving average is $19.49.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, the chief technology officer owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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. Also, EVP Kelli Keough sold 10,954 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total value of $190,051.90. Following the sale, the executive vice president owned 378,682 shares of the company’s stock, valued at approximately $6,570,132.70. This represents a 2.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 134,044 shares of company stock valued at $2,370,056. 2.50% of the stock is owned by company 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.