State of New Jersey Common Pension Fund D Purchases 35,521 Shares of SoFi Technologies, Inc. $SOFI

State of New Jersey Common Pension Fund D increased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 10.0% in the third quarter, Holdings Channel reports. The fund owned 392,329 shares of the company’s stock after purchasing an additional 35,521 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in SoFi Technologies were worth $10,365,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SOFI. SJS Investment Consulting Inc. lifted its position in shares of SoFi Technologies by 840.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. Salomon & Ludwin LLC purchased a new position in SoFi Technologies during the third quarter valued at approximately $29,000. Assetmark Inc. raised its stake in SoFi Technologies by 50.5% in the third quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock worth $34,000 after buying an additional 427 shares in the last quarter. Blume Capital Management Inc. lifted its holdings in SoFi Technologies by 52.9% during the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock worth $34,000 after buying an additional 450 shares during the period. Finally, Bessemer Group Inc. bought a new stake in SoFi Technologies during the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Activity at SoFi Technologies

In related news, General Counsel Robert S. Lavet acquired 5,000 shares of SoFi Technologies stock in a transaction on Friday, February 6th. The stock was acquired at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the purchase, the general counsel owned 17,172 shares of the company’s stock, valued at approximately $361,298.88. This represents a 41.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 10,340 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $26.43, for a total value of $273,286.20. Following the completion of the transaction, the executive vice president directly owned 265,034 shares of the company’s stock, valued at approximately $7,004,848.62. This trade represents a 3.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 261,470 shares of company stock valued at $6,276,524 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SOFI. The Goldman Sachs Group reduced their price target on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Barclays raised their price target on shares of SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. upgraded shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Tuesday, February 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $35.00 target price on shares of SoFi Technologies in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued 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 company has an average rating of “Hold” and a consensus target price of $26.78.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $19.51 on Wednesday. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The business’s 50 day moving average price is $25.04 and its 200 day moving average price is $26.25. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The firm has a market cap of $23.53 billion, a P/E ratio of 51.34 and a beta of 2.13.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The business 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 6.48%. The business’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts expect 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.