Acorn Financial Advisory Services Inc. ADV Decreases Stock Position in SoFi Technologies, Inc. $SOFI

Acorn Financial Advisory Services Inc. ADV cut its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 89.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,452 shares of the company’s stock after selling 117,049 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in SoFi Technologies were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SOFI. Mayflower Financial Advisors LLC grew its stake in SoFi Technologies by 2.3% during the 1st quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company’s stock valued at $464,000 after acquiring an additional 653 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in SoFi Technologies by 3.5% in the 1st quarter. Pathway Financial Advisers LLC now owns 49,525 shares of the company’s stock worth $786,000 after purchasing an additional 1,677 shares in the last quarter. Intrua Financial LLC lifted its stake in SoFi Technologies by 35.4% in the 1st quarter. Intrua Financial LLC now owns 14,997 shares of the company’s stock worth $238,000 after purchasing an additional 3,925 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of SoFi Technologies during the 1st quarter worth approximately $1,588,000. Finally, Apollon Wealth Management LLC boosted its holdings in shares of SoFi Technologies by 240.1% during the 1st quarter. Apollon Wealth Management LLC now owns 40,755 shares of the company’s stock worth $647,000 after purchasing an additional 28,773 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SoFi Technologies

In other news, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the sale, the chief technology officer owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total value of $190,051.90. Following the completion of the transaction, the executive vice president owned 378,682 shares of the company’s stock, valued at approximately $6,570,132.70. This trade represents a 2.81% 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. Insiders sold 134,044 shares of company stock worth $2,370,056 in the last three months. 2.50% of the stock is owned by company insiders.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: SoFi launched Small Business Loans, expanding its product lineup beyond consumer lending and potentially opening a new growth channel with entrepreneurial and small-business members. SoFi Introduces Small Business Loans to Help Members Pursue Their Business Ambitions
• Positive Sentiment: Investors also appear encouraged by commentary that SoFi has met the requirements for possible S&P 500 inclusion, which could bring index-buying demand if the company is added later this year. SoFi Has Quietly Met the Bar for S&P 500 Inclusion. Here’s What Index Entry Could Do for the Stock.
• Positive Sentiment: Recent market writeups continue to highlight SoFi’s member growth, expanding product suite, and improving margins, supporting the bullish case for the stock. SoFi Technologies: Expanding Margins And The Moat Fuel Strong Upside
• Neutral Sentiment: Several comparison and market-performance articles kept SoFi in focus versus peers like Dave and American Express, but these pieces were mostly mixed or informational rather than direct catalysts. American Express vs. SoFi Technologies: Which Financial Stock Is a Better Buy in 2026?
• Neutral Sentiment: SoFi’s recent outperformance versus the broader market was noted, but that report mainly confirmed the stock’s recent strength rather than adding a new fundamental driver. SoFi Technologies, Inc. (SOFI) Outpaces Stock Market Gains: What You Should Know

SoFi Technologies Price Performance

Shares of SOFI opened at $17.93 on Wednesday. The firm has a 50-day simple moving average of $16.93 and a two-hundred day simple moving average of $19.90. The stock has a market cap of $23.00 billion, a PE ratio of 40.75 and a beta of 2.14. SoFi Technologies, Inc. has a 1-year low of $14.92 and a 1-year high of $32.73. 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 (NASDAQ:SOFI) last posted its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on SOFI. Mizuho set a $29.00 price objective on SoFi Technologies in a research report on Wednesday, May 6th. Stephens reduced their price target on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company lowered their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Keefe, Bruyette & Woods cut their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research report on Thursday, April 9th. Finally, Citigroup decreased 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. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and an average target price of $22.56.

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.