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

Van ECK Associates Corp lifted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 14.4% during the 2nd quarter, Holdings Channel.com reports. The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in SoFi Technologies during the 2nd quarter worth $1,298,925,000. State Street Corp lifted its stake in shares of SoFi Technologies by 6.7% during the fourth quarter. State Street Corp now owns 25,937,928 shares of the company’s stock valued at $679,055,000 after acquiring an additional 1,637,430 shares during the period. Geode Capital Management LLC boosted its holdings in SoFi Technologies by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock valued at $618,395,000 after acquiring an additional 1,951,248 shares during the last quarter. Morgan Stanley boosted its holdings in SoFi Technologies by 33.6% in the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after acquiring an additional 3,350,258 shares during the last quarter. Finally, Norges Bank acquired a new stake in SoFi Technologies in the fourth quarter worth about $321,515,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value 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 $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 11,286 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the sale, the executive vice president directly owned 356,442 shares in the company, valued at approximately $6,415,956. This represents a 3.07% 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. Over the last three months, insiders sold 136,505 shares of company stock valued at $2,418,096. Insiders own 2.50% of the company’s stock.

SoFi Technologies Stock Up 3.8%

Shares of NASDAQ SOFI opened at $18.51 on Friday. SoFi Technologies, Inc. has a 52-week low of $14.88 and a 52-week high of $32.73. 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 stock has a market cap of $23.91 billion, a P/E ratio of 38.56, a P/E/G ratio of 1.47 and a beta of 2.20. The firm has a 50 day moving average price of $17.88 and a 200 day moving average price of $17.47.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $1.21 billion for 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 business’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Trending Headlines about SoFi Technologies

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on SOFI. 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 report on Wednesday, August 12th. Weiss Ratings raised shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Needham & Company LLC reduced their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Morgan Stanley lowered their target price on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, July 30th. Finally, Mizuho dropped their target price on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.55.

SoFi Technologies 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.