Simplicity Wealth LLC Makes New $543,000 Investment in SoFi Technologies, Inc. $SOFI

Simplicity Wealth LLC acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,310 shares of the company’s stock, valued at approximately $543,000.

A number of other hedge funds have also recently modified their holdings of SOFI. Vanguard Group Inc. lifted its holdings in shares of SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after purchasing an additional 3,900,895 shares during the last quarter. North Dakota State Investment Board purchased a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $1,044,000. Brighton Jones LLC grew its stake in shares of 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 buying an additional 14,281 shares during the last quarter. Alberta Investment Management Corp bought a new position in SoFi Technologies during the 4th quarter valued at approximately $13,299,000. Finally, Trek Financial LLC bought a new position in SoFi Technologies during the 4th quarter valued at approximately $3,865,000. Institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In related 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 completion of the sale, the chief technology officer owned 895,089 shares in the company, 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 the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $17.19, for a total value of $188,299.26. Following the completion of the transaction, the executive vice president directly owned 367,728 shares in the company, valued at approximately $6,321,244.32. This represents a 2.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 135,256 shares of company stock worth $2,370,822 over the last three months. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

SOFI has been the topic of several analyst reports. Truist Financial boosted their target price on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Needham & Company LLC reduced their price target on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Citigroup dropped their price target on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Finally, Piper Sandler started coverage on shares of SoFi Technologies in a research report on Monday. They set an “overweight” rating and a $22.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and an average target price of $22.42.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $18.31 on Tuesday. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average price of $17.58 and a 200-day moving average price of $17.76. SoFi Technologies, Inc. has a 52 week low of $14.88 and a 52 week high of $32.73. The firm has a market capitalization of $23.65 billion, a PE ratio of 38.15 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities research analysts expect that SoFi Technologies, Inc. will post 0.6 earnings per share for the current year.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $22 price target, saying SoFi is a high-growth company with a powerful product flywheel and deserves a premium valuation compared with peers. The SoFi rebound has only just begun, says Piper Sandler
• Positive Sentiment: Additional coverage characterized the stock as offering an “attractive entry point,” helping reinforce investor interest after SoFi’s recent underperformance and correction. SoFi stock offers an attractive entry point: Analyst
• Positive Sentiment: Technical analysts reported that SOFI broke above a bullish flag pattern. A sustained move above approximately $20.13 could signal the end of its six-month consolidation and support a larger advance. SoFi Technologies Price Forecast: Breakout Could End Six-Month Consolidation
• Positive Sentiment: SoFi was highlighted as the strongest performer among personal-loan stocks in the recently completed second-quarter earnings season, supporting the view that its growth is outpacing industry peers. Personal Loan Stocks Q2 Earnings: SoFi Best of the Bunch
• Neutral Sentiment: Wall Street remains divided: the bullish thesis points to SoFi’s growth, diversified products and recent earnings momentum, while the premium-multiple argument implies that investors are already paying for substantial future growth. SoFi Is Dividing Wall Street
• Negative Sentiment: SoFi has lagged Happen Bank, formerly LendingClub, this year. The comparison raises competitive and valuation concerns despite SoFi’s stronger recent operating growth narrative. Happen Bank Is Crushing SoFi This 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.