Monashee Investment Management LLC bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report) during the fourth quarter, HoldingsChannel reports. The firm bought 400,000 shares of the company’s stock, valued at approximately $10,472,000. SoFi Technologies accounts for approximately 5.9% of Monashee Investment Management LLC’s investment portfolio, making the stock its 3rd largest position.
A number of other institutional investors have also modified their holdings of SOFI. Lake Street Private Wealth LLC lifted its position 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 acquiring an additional 390 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its position in SoFi Technologies by 0.4% in the 4th 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 in the last quarter. First Horizon Corp lifted its position in SoFi Technologies by 14.9% in the 4th quarter. First Horizon Corp now owns 3,116 shares of the company’s stock worth $82,000 after buying an additional 405 shares in the last quarter. Cigna Investments Inc. New lifted its position in SoFi Technologies by 3.8% in the 4th quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock worth $299,000 after buying an additional 416 shares in the last quarter. Finally, Assetmark Inc. lifted its position in SoFi Technologies by 50.5% in the 3rd 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. Institutional investors and hedge funds own 38.43% of the company’s stock.
Key SoFi Technologies News
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: SoFi reportedly became the first U.S. bank to launch its own stablecoin, a move that could strengthen its position in digital assets, deepen customer engagement, and create new revenue opportunities over time. Article: SoFi just became the first US bank to launch its own stablecoin. Here’s why it matters.
- Positive Sentiment: SoFi’s use of artificial intelligence could improve efficiency, lower operating costs, and support product innovation, which investors may view as a long-term growth catalyst. Article: Here’s How SoFi Is Using Artificial Intelligence (AI) and Why It Matters. Hint: It Could Be a Game-Changer.
- Neutral Sentiment: SoFi’s CEO said personal loans can help consumers move away from high-interest credit card debt, reinforcing the company’s lending pitch but not changing the near-term fundamentals on its own. Article: SoFi CEO Anthony Noto Says Personal Loans Can Help Americans Escape Credit Card Debt ‘Crisis’
- Negative Sentiment: Analysts and commentators highlighted that SoFi has fallen sharply over the last six months amid higher rates, profitability worries, and a premium valuation, which may be keeping pressure on the stock. Article: SoFi Stock Slides 42% in 6 Months: Buying Opportunity or Red Flag?
- Negative Sentiment: Recent market coverage also noted SoFi’s shares fell more than the broader market in the latest session, reflecting ongoing investor caution. Article: SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on SOFI
Insiders Place Their Bets
In other SoFi Technologies news, CTO Jeremy Rishel sold 94,958 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total value of $1,655,117.94. Following the sale, the chief technology officer directly owned 839,640 shares in the company, valued at $14,634,925.20. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Anthony Noto purchased 15,545 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the transaction, the chief executive officer directly owned 11,946,619 shares in the company, valued at approximately $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 124,479 shares of company stock worth $2,163,556 in the last ninety days. Insiders own 2.60% of the company’s stock.
SoFi Technologies Stock Performance
Shares of SOFI opened at $16.67 on Friday. SoFi Technologies, Inc. has a 12 month low of $13.97 and a 12 month high of $32.73. The company’s fifty day moving average is $16.79 and its 200-day moving average is $20.90. 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 $21.38 billion, a price-to-earnings ratio of 37.89 and a beta of 2.14.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $1.05 billion. During the same period last year, the business posted $0.06 EPS. SoFi Technologies’s revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities analysts expect that SoFi Technologies, Inc. will post 0.58 EPS for the current fiscal year.
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.
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