Cibc World Market Inc. Has $1.37 Million Stock Position in SoFi Technologies, Inc. $SOFI

Cibc World Market Inc. raised its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 177.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,931 shares of the company’s stock after acquiring an additional 33,247 shares during the quarter. Cibc World Market Inc.’s holdings in SoFi Technologies were worth $1,372,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in shares of SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after acquiring an additional 14,281 shares in the last quarter. Caxton Associates LLP bought a new position in SoFi Technologies in the first quarter valued at about $129,000. Empowered Funds LLC raised its position in SoFi Technologies by 5.2% in the first 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 last quarter. CWM LLC boosted its stake in shares of SoFi Technologies by 6.0% during the second quarter. CWM LLC now owns 87,333 shares of the company’s stock valued at $1,590,000 after purchasing an additional 4,934 shares in the last quarter. Finally, MGO One Seven LLC grew its holdings in shares of SoFi Technologies by 12.0% during the second quarter. MGO One Seven LLC now owns 18,316 shares of the company’s stock worth $334,000 after purchasing an additional 1,958 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Needham & Company LLC decreased their price target on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Citigroup lifted their price target on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Mizuho set a $38.00 target price on SoFi Technologies in a research report on Thursday, October 30th. 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 report on Monday, February 9th. Finally, Bank of America initiated coverage on SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.21.

SoFi Technologies Stock Up 1.6%

SoFi Technologies stock opened at $19.61 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $23.65 billion, a PE ratio of 51.61 and a beta of 2.13. The firm’s fifty day moving average is $25.18 and its 200 day moving average is $26.26. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 6.48%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $984.75 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s 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. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In related news, EVP Kelli Keough sold 9,468 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $25.75, for a total value of $243,801.00. Following the transaction, the executive vice president directly owned 303,480 shares in the company, valued at $7,814,610. This trade represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Jeremy Rishel sold 91,837 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the transaction, the chief technology officer owned 794,598 shares in the company, valued at approximately $21,168,090.72. The trade was a 10.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 261,470 shares of company stock valued at $6,276,524. Corporate insiders own 2.60% of the company’s stock.

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.