Amova Asset Management Americas Inc. Sells 898,695 Shares of SoFi Technologies, Inc. $SOFI

Amova Asset Management Americas Inc. trimmed its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 21.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,298,204 shares of the company’s stock after selling 898,695 shares during the period. Amova Asset Management Americas Inc.’s holdings in SoFi Technologies were worth $86,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after purchasing an additional 14,281 shares during the period. Caxton Associates LLP purchased a new position in SoFi Technologies during the 1st quarter worth $129,000. Empowered Funds LLC raised its stake in shares of SoFi Technologies by 5.2% during the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock worth $385,000 after purchasing an additional 1,631 shares during the period. Franklin Resources Inc. raised its stake in SoFi Technologies by 23.2% in the 2nd quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock valued at $251,000 after acquiring an additional 2,596 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in SoFi Technologies in the 2nd quarter valued at about $4,633,000. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies News Roundup

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

• Positive Sentiment: SoFi launched SoFi Coach, an AI-powered chat tool that gives members personalized financial insights, which could deepen engagement, support cross-selling, and strengthen the company’s digital banking ecosystem. SoFi Technologies (SOFI) Announces the Launch of SoFi Coach
• Positive Sentiment: Investors are reacting favorably to SoFi’s broader innovation story, including its stablecoin rollout, which is helping the stock benefit from renewed interest in fintech names and potential new revenue streams. SoFi Stock Edges Higher Monday: What’s Going On?
• Positive Sentiment: Several recent articles frame SOFI as an attractive long-term buy under $20, reflecting bullish sentiment from investors who view the stock as undervalued relative to its growth potential. SoFi Technologies (SOFI) Announces the Launch of SoFi Coach
• Positive Sentiment: Short-interest data showed no meaningful short positioning, which removes a potential overhang and suggests the market is not currently leaning aggressively bearish on the stock. SoFi Technologies (SOFI) Announces the Launch of SoFi Coach
• Neutral Sentiment: Broader articles discussing SoFi’s past stock swings and lockup comparisons are more background than catalysts, and are unlikely to move the shares on their own. Why SoFi Turned $1,000 Into a Rollercoaster

SoFi Technologies Trading Down 0.2%

SoFi Technologies stock opened at $16.47 on Wednesday. The business has a 50-day simple moving average of $16.76 and a two-hundred day simple moving average of $21.02. The company has a market cap of $21.13 billion, a P/E ratio of 37.43 and a beta of 2.14. SoFi Technologies, Inc. has a 52-week low of $13.96 and a 52-week high of $32.73. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

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, meeting analysts’ consensus estimates of $0.12. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Analysts predict that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Insider Activity

In related news, CEO Anthony Noto acquired 28,900 shares of the stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average cost of $17.32 per share, with a total value of $500,548.00. Following the transaction, the chief executive officer directly owned 11,704,352 shares in the company, valued at approximately $202,719,376.64. This represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief technology officer directly owned 839,640 shares in the company, valued at approximately $14,634,925.20. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 124,479 shares of company stock valued at $2,163,556 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SOFI shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Citigroup cut their target price on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Barclays dropped their price target 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. Morgan Stanley set a $16.00 price objective on SoFi Technologies in a report on Thursday, April 30th. Finally, Needham & Company LLC decreased their price objective on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.56.

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.