SoFi Technologies surged to $8.62 per share this afternoon, but it remains 6.48% above its mean target price of $8.1. There may still be room for more downwards movement — even after today's 5.2% drop. Analysts are giving the mid-cap Closed End Fund stock on average rating of hold, with target prices ranging from $3.0 to $14.0 per share.
SoFi Technologies has an elevated short interest of 12.6%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 2.01. Only 6.36% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders. SoFi Technologies's rate of institutional ownership is 37.3%, which indicates a decent level of confidence in the stock. Based on these factors, Market Inference considers SoFi Technologies to be the target of negative market sentiment.
Institutions Invested in SoFi Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 7% | 69,568,158 | $600,025,362 |
| 2023-03-31 | Blackrock Inc. | 4% | 35,820,228 | $308,949,466 |
| 2023-03-31 | Silver Lake Group, LLC | 3% | 31,154,165 | $268,704,673 |
| 2023-03-31 | State Street Corporation | 1% | 12,112,737 | $104,472,356 |
| 2023-03-31 | Geode Capital Management, LLC | 1% | 12,051,675 | $103,945,696 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 9,717,705 | $83,815,205 |
| 2023-03-31 | Susquehanna International Group, LLP | 1% | 8,386,117 | $72,330,259 |
| 2023-03-31 | GPI Capital, LP | 1% | 7,270,941 | $62,711,866 |
| 2023-03-31 | Morgan Stanley | 1% | 6,481,773 | $55,905,292 |
| 2023-03-31 | Millennium Management Llc | 1% | 5,778,945 | $49,843,400 |
