Thoroughbred Financial Services LLC Grows Stock Holdings in SoFi Technologies, Inc. $SOFI

Thoroughbred Financial Services LLC raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 212.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 40,140 shares of the company’s stock after acquiring an additional 27,283 shares during the period. Thoroughbred Financial Services LLC’s holdings in SoFi Technologies were worth $1,060,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Counterpoint Mutual Funds LLC acquired a new position in SoFi Technologies in the third quarter valued at $480,000. Patten Group Inc. purchased a new stake in SoFi Technologies in the 3rd quarter valued at about $227,000. Lake Street Private Wealth LLC acquired a new position in shares of SoFi Technologies during the 3rd quarter valued at about $211,000. Compound Planning Inc. lifted its holdings in shares of SoFi Technologies by 13.9% during the 3rd quarter. Compound Planning Inc. now owns 31,388 shares of the company’s stock worth $829,000 after acquiring an additional 3,836 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of SoFi Technologies by 33.4% in the third quarter. EverSource Wealth Advisors LLC now owns 4,585 shares of the company’s stock worth $121,000 after acquiring an additional 1,149 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group set a $24.50 price target on shares of SoFi Technologies in a research report on Monday, February 2nd. Bank of America assumed coverage on SoFi Technologies in a report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price objective for the company. JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group dropped their price target on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.34.

Insider Activity at SoFi Technologies

In other news, EVP Eric Schuppenhauer bought 5,000 shares of SoFi Technologies stock in a transaction dated Thursday, February 5th. The shares were acquired at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the transaction, the executive vice president owned 228,768 shares in the company, valued at approximately $4,559,346.24. This trade represents a 2.23% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Robert S. Lavet bought 5,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was purchased at an average price of $21.04 per share, with a total value of $105,200.00. Following the completion of the purchase, the general counsel directly owned 17,172 shares of the company’s stock, valued at approximately $361,298.88. This trade represents a 41.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 214,753 shares of company stock valued at $5,045,087. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Trading Down 1.0%

NASDAQ:SOFI opened at $19.10 on Friday. The business’s 50-day moving average is $23.99 and its two-hundred day moving average is $26.05. The firm has a market capitalization of $23.03 billion, a PE ratio of 50.26 and a beta of 2.13. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $32.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The company’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share 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.