Parkside Investments LLC Cuts Holdings in SoFi Technologies, Inc. $SOFI

Parkside Investments LLC decreased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 30.7% in the third quarter, Holdings Channel reports. The firm owned 299,540 shares of the company’s stock after selling 132,505 shares during the quarter. Parkside Investments LLC’s holdings in SoFi Technologies were worth $7,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SOFI. Xcel Wealth Management LLC boosted its position in shares of SoFi Technologies by 0.6% during the third quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock valued at $1,874,000 after buying an additional 392 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its stake in SoFi Technologies by 3.1% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock valued at $373,000 after acquiring an additional 419 shares during the period. Assetmark Inc. boosted its holdings in shares of SoFi Technologies by 50.5% during the 3rd quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock valued at $34,000 after acquiring an additional 427 shares during the last quarter. Cigna Investments Inc. New boosted its holdings in shares of SoFi Technologies by 4.2% during the 3rd quarter. Cigna Investments Inc. New now owns 11,024 shares of the company’s stock valued at $291,000 after acquiring an additional 446 shares during the last quarter. Finally, Blume Capital Management Inc. grew its stake in shares of SoFi Technologies by 52.9% in the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock worth $34,000 after acquiring an additional 450 shares during the period. 38.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SOFI. Barclays increased their price objective on shares of SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods increased their price target on SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Citigroup lifted their price objective on SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Truist Financial reduced their price objective on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. Finally, Citizens Jmp raised SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Monday, February 9th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and a consensus price target of $26.34.

SoFi Technologies Price Performance

NASDAQ SOFI opened at $18.66 on Wednesday. The company has a market capitalization of $22.50 billion, a PE ratio of 49.11 and a beta of 2.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The business’s fifty day moving average is $24.25 and its 200 day moving average is $26.15. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $32.73.

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

Insider Buying and Selling

In other news, General Counsel Robert S. Lavet bought 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were bought at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the purchase, the general counsel owned 17,172 shares in the company, valued at approximately $361,298.88. The trade was a 41.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Schuppenhauer purchased 5,000 shares of the stock in a transaction on Thursday, February 5th. The shares were purchased at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the acquisition, the executive vice president directly owned 228,768 shares of the company’s stock, valued at approximately $4,559,346.24. This represents a 2.23% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 214,753 shares of company stock worth $5,045,087 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

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.