SoFi Technologies stock is trading -19.21% below its average target price of $10.28 after marking a 2.3% during today's morning session. Analysts are giving the mid-cap Closed End Fund company an average rating of hold and target prices ranging from $3.0 to $16.0 per share.
SoFi Technologies has an elevated short interest of 12.9%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 2.28. Only 6.37% 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 35.5%, which indicates a decent level of confidence in the stock. Based on these factors, Market Inference considers SoFi Technologies to be the target of mixed market sentiment.
Institutions Invested in SoFi Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 8% | 73,834,956 | $613,199,332 |
| 2023-06-30 | Blackrock Inc. | 4% | 38,122,793 | $316,609,807 |
| 2023-06-30 | Silver Lake Group, LLC | 3% | 31,154,165 | $258,735,349 |
| 2023-06-30 | Shaw D.E. & Co., Inc. | 2% | 15,537,505 | $129,038,983 |
| 2023-06-30 | State Street Corporation | 1% | 13,680,519 | $113,616,714 |
| 2023-06-30 | Two Sigma Advisers, LP | 1% | 13,487,400 | $112,012,861 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 12,877,675 | $106,949,094 |
| 2023-06-30 | Morgan Stanley | 1% | 12,085,836 | $100,372,871 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 9,717,705 | $80,705,542 |
| 2023-06-30 | Two Sigma Investments, LP | 1% | 9,578,500 | $79,549,445 |
