Legal & General Group Plc Buys Shares of 3,608,784 SoFi Technologies, Inc. $SOFI

Legal & General Group Plc purchased a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,608,784 shares of the company’s stock, valued at approximately $64,706,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies during the 4th quarter worth $25,000. Vermillion Wealth Management Inc. increased its stake in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 739 shares during the last quarter. Reflection Asset Management purchased a new stake in SoFi Technologies during the fourth quarter valued at about $28,000. Raiffeisen Bank International AG purchased a new stake in SoFi Technologies during the fourth quarter valued at about $34,000. Finally, SHP Wealth Management bought a new stake in SoFi Technologies during the fourth quarter worth about $36,000. Institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SOFI. Mizuho cut their price objective on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Wells Fargo & Company dropped their target price on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Piper Sandler initiated coverage on shares of SoFi Technologies in a research report on Monday, August 17th. They set an “overweight” rating and a $22.00 price target on the stock. Finally, Citigroup decreased their price target on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and an average target price of $22.42.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $18.06 on Friday. The company has a 50-day simple moving average of $17.84 and a two-hundred day simple moving average of $17.56. SoFi Technologies, Inc. has a 12-month low of $14.88 and a 12-month high of $32.73. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 37.62 and a beta of 2.17. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.08 earnings per share. The company’s quarterly revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

More SoFi Technologies News

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Strong post-earnings momentum: SoFi’s shares have outperformed since its latest earnings report, which showed $1.21 billion in revenue and $0.12 in adjusted earnings per share, both ahead of consensus estimates. Revenue increased 42.5% year over year, supporting the bullish case for continued operating growth. SoFi Technologies Up 16.5% Since Last Earnings Report
• Positive Sentiment: SoFi Plus could add recurring revenue: Early traction for the company’s paid membership program may increase customer engagement, cross-selling and adoption of additional financial products. Investors are watching whether membership growth can diversify revenue and support longer-term margins. SoFi Technologies’ SoFi Plus
• Neutral Sentiment: Analyst consensus remains cautious: SoFi has received a consensus “Hold” recommendation, suggesting analysts see a balanced risk-reward profile following the rebound rather than an unambiguously attractive entry point. SoFi Receives Consensus Hold Recommendation
• Neutral Sentiment: Relative-value debate: Comparisons with Sezzle highlight differing growth models, diversification and risk profiles. The discussion does not provide a direct SOFI catalyst but may influence fintech-sector positioning. Sezzle Versus SoFi
• Negative Sentiment: Profit-taking and valuation concerns: After the recent rebound and move back above key moving averages, some investors may be locking in gains. A bearish analysis argues that even strong execution is not enough to justify a more aggressive position, while the stock’s elevated growth expectations leave it vulnerable to pullbacks. SoFi Everything Went Right and I’m Still Cutting to Hold

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 11,286 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the transaction, the executive vice president directly owned 356,442 shares in the company, valued at $6,415,956. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 SoFi Technologies 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 transaction, the chief technology officer directly owned 895,089 shares in the company, valued at $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last 90 days, insiders have sold 136,505 shares of company stock worth $2,418,096. 2.50% of the stock is owned by corporate insiders.

About SoFi Technologies

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.