Van ECK Associates Corp Buys 28,277 Shares of SoFi Technologies, Inc. $SOFI

Van ECK Associates Corp raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 14.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,032 shares of the company’s stock after purchasing an additional 28,277 shares during the period. Van ECK Associates Corp’s holdings in SoFi Technologies were worth $4,017,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SOFI. Brighton Jones LLC raised its holdings in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after acquiring an additional 14,281 shares during the period. Caxton Associates LLP acquired a new position in shares of SoFi Technologies during the 1st quarter worth about $129,000. Empowered Funds LLC boosted its stake in SoFi Technologies by 5.2% during the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock valued at $385,000 after purchasing an additional 1,631 shares during the period. Franklin Resources Inc. grew its holdings 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 buying an additional 2,596 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in SoFi Technologies in the 2nd quarter valued at approximately $4,633,000. Institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several research reports. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Truist Financial upped their target price on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. Scotiabank started coverage on shares of SoFi Technologies in a report on Wednesday. They issued a “sector outperform” rating and a $25.00 price target for the company. Morgan Stanley decreased their price target on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group boosted their price objective on shares of SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $22.55.

SoFi Technologies News Summary

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

• Positive Sentiment: Crypto partnership expands SoFi’s banking and payments reach. SoFi will connect its banking infrastructure and SoFi Exchange Network to Payward, the parent company of Kraken. The agreement is expected to support faster money movement, digital-asset liquidity and banking services, while Kraken plans to list SoFiUSD, SoFi’s stablecoin, on its trading platform. The deal could create additional transaction, payments and crypto-related revenue opportunities. SoFi Connects Its Banking System to Kraken’s Network in Payward Deal
• Positive Sentiment: Scotiabank began coverage with a bullish rating. The bank initiated SoFi at “Sector Outperform” and assigned a $25 price target, implying roughly 35% upside from the referenced $18.51 level. The new coverage provides a positive institutional view and a potential catalyst for the shares. Scotiabank initiates coverage of SoFi Technologies with sector outperform recommendation
• Positive Sentiment: Bullish investors point to continued operating momentum. Recent commentary highlights record growth, member expansion, cross-selling and rising products per member. One projection anticipates substantial long-term revenue and earnings growth, while another argues that the stock’s decline in 2026 has not reflected the company’s improving fundamentals. SoFi Technologies: Shares Are Flat So I’m Accumulating More
• Neutral Sentiment: Valuation and price targets remain dependent on execution. Forecasts for 2027 and beyond suggest meaningful upside if SoFi sustains fast growth and converts it into higher earnings, but those targets are projections rather than new company guidance. Price Prediction: SoFi’s Price Target For 2027 May Surprise Investors
• Negative Sentiment: Higher Treasury yields continue to pressure rate-sensitive fintech lenders. Rising benchmark yields can increase funding costs and weigh on demand and valuations for SoFi’s lending business. What’s Happening With SoFi Stock?
• Negative Sentiment: Retail investors are considering alternatives. Some Stocktwits users identified Robinhood as a more attractive fintech opportunity, highlighting competitive pressure for investor attention and growth expectations. SOFI’s Decline Has Retail Looking Elsewhere

SoFi Technologies Price Performance

Shares of SoFi Technologies stock opened at $18.51 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The firm’s 50-day simple moving average is $17.88 and its 200-day simple moving average is $17.47. SoFi Technologies, Inc. has a twelve month low of $14.88 and a twelve month high of $32.73. The firm has a market cap of $23.91 billion, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 1.47 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the sale, the executive vice president owned 356,442 shares in the company, valued at approximately $6,415,956. The trade was a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief technology officer directly owned 895,089 shares in the company, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their position. 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 three months, insiders sold 136,505 shares of company stock valued at $2,418,096. 2.50% of the stock is currently owned by insiders.

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.