SoFi Technologies, Inc. $SOFI Holdings Decreased by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. reduced its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 4.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,136,479 shares of the company’s stock after selling 161,725 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in SoFi Technologies were worth $49,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new position in SoFi Technologies in the fourth quarter worth $25,000. Blue Trust Inc. raised its holdings in shares of SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after purchasing an additional 878 shares during the period. Vermillion Wealth Management Inc. raised its holdings in shares of SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 739 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of SoFi Technologies in the 4th quarter worth about $28,000. Finally, Reflection Asset Management bought a new stake in shares of SoFi Technologies during the 4th quarter valued at about $28,000. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Stock Down 1.6%

Shares of SoFi Technologies stock opened at $17.01 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. SoFi Technologies, Inc. has a 1-year low of $14.92 and a 1-year high of $32.73. The business’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $19.04. The company has a market capitalization of $21.82 billion, a P/E ratio of 38.66 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The company 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 for the quarter was up 42.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SOFI shares. Stephens cut their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. TD Cowen dropped their price target on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $18.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Barclays lowered their price objective on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Finally, UBS Group dropped their target price on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.78.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,954 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $17.35, for a total value of $190,051.90. Following the completion of the sale, the executive vice president directly owned 378,682 shares in the company, valued at $6,570,132.70. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto purchased 15,545 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $16.00 per share, with a total value of $248,720.00. Following the completion of the purchase, the chief executive officer owned 11,946,619 shares in the company, valued at $191,145,904. This represents a 0.13% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 124,302 shares of company stock valued at $2,182,523. Company insiders own 2.50% of the company’s stock.

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.