Anthony Noto Acquires 15,545 Shares of SoFi Technologies (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) CEO Anthony Noto acquired 15,545 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $16.00 per share, with a total value of $248,720.00. Following the acquisition, the chief executive officer owned 11,946,619 shares in the company, valued at approximately $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Anthony Noto also recently made the following trade(s):

• On Tuesday, March 17th, Anthony Noto purchased 28,900 shares of SoFi Technologies stock. The stock was acquired at an average cost of $17.32 per share, with a total value of $500,548.00.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $15.90 on Wednesday. The stock has a market capitalization of $20.28 billion, a price-to-earnings ratio of 36.14 and a beta of 2.12. SoFi Technologies, Inc. has a twelve month low of $12.74 and a twelve month high of $32.73. The company has a current ratio of 0.75, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $17.27 and a 200 day moving average of $22.83.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.SoFi Technologies’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Key SoFi Technologies News

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

• Positive Sentiment: CEO Anthony Noto bought 15,545 shares at about $16.00 each, a signal of insider confidence that can support investor sentiment. SoFi Technologies (NASDAQ:SOFI) CEO Anthony Noto Buys 15,545 Shares
• Positive Sentiment: Reports say SoFi acquired most of PrimaryBid, expanding its capital markets capabilities and potentially adding new growth avenues in fintech and retail investing. SoFi Acquires Capital Markets Partner PrimaryBid
• Positive Sentiment: SoFi’s latest quarter showed strong fundamentals, with revenue up 42.6% year over year to $1.09 billion and EPS matching expectations, reinforcing the company’s growth story. Here’s What I Think Is Really Going On With SoFi Stock
• Neutral Sentiment: SoFi’s head of investment strategy, Liz Thomas, warned investors to look beyond the surface strength in the broader market, a comment that does not directly change the company’s outlook but reflects a cautious stance. SoFi’s Liz Thomas has a message for stock market investors
• Negative Sentiment: Truist cut its price target on SoFi to $17 from $20 and kept a Hold rating, citing slower loan platform assumptions and softer expectations for technology revenue. Truist Cuts SoFi Price Target to $17: Loan Platform Slowdown Pressures the Bull Case

Wall Street Analysts Forecast Growth

SOFI has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price target on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. Citizens Jmp raised SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, February 9th. Citigroup reduced their price target on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Monday, May 4th. Argus initiated coverage on SoFi Technologies in a research note on Wednesday, April 15th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Tuesday, February 3rd. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.56.

Institutional Investors Weigh In On SoFi Technologies

Large investors have recently made changes to their positions in the stock. Valley Wealth Managers Inc. purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $25,000. Blue Trust Inc. grew its position in shares of SoFi Technologies by 655.2% in the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after purchasing an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. grew its position in shares of SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $28,000. Finally, Reflection Asset Management purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $28,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.