DNB Asset Management AS Reduces Stake in SoFi Technologies, Inc. $SOFI

DNB Asset Management AS reduced its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 38.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 448,185 shares of the company’s stock after selling 281,062 shares during the period. DNB Asset Management AS’s holdings in SoFi Technologies were worth $11,733,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies in the 4th quarter valued at $25,000. Blue Trust Inc. grew its holdings in SoFi Technologies by 655.2% in the 4th 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 purchased a new stake in SoFi Technologies in the 4th quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SoFi Technologies in the 4th quarter valued at $29,000. Finally, Quaker Wealth Management LLC grew its holdings in SoFi Technologies by 2,745.2% in the 4th 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.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 9,755 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $18.87, for a total transaction of $184,076.85. Following the transaction, the executive vice president owned 293,725 shares of the company’s stock, valued at approximately $5,542,590.75. This represents a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value 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 position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 124,197 shares of company stock valued at $2,191,758. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $15.61 on Monday. The stock has a market cap of $20.02 billion, a PE ratio of 35.48 and a beta of 2.12. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. SoFi Technologies, Inc. has a twelve month low of $12.74 and a twelve month high of $32.73. The stock has a fifty day simple moving average of $17.10 and a 200-day simple moving average of $22.55.

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

Analysts Set New Price Targets

SOFI has been the subject of several analyst reports. Citigroup dropped their target price on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Monday, May 4th. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Needham & Company LLC lowered their price target on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Truist Financial lowered their price target on SoFi Technologies from $20.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.56.

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.