Shares of SoFi Technologies rose to $16.21 during today's morning trading session. Despite the 6.7% change, the Large-Cap Diversified Financial company still trades 17.07% above its average analyst target price of $13.85. So there may be further downside for the Diversified Financial stock. SoFi Technologies has target prices ranging from $6.0 to $20.0 per share, and its average rating is hold.
The stock has an above average percentage of its shares sold short at 12.1%, and a short ratio of 2.73. The company's insiders own 3.4% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 48.1% of SoFi Technologies's shares being owned by this investor type.
Institutions Invested in SoFi Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 9% | 98,337,045 | $1,594,043,409 |
| 2024-12-31 | Blackrock Inc. | 4% | 47,295,426 | $766,658,812 |
| 2024-09-30 | State Street Corporation | 2% | 18,062,855 | $292,798,863 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 17,934,983 | $290,726,058 |
| 2024-12-31 | Dimensional Fund Advisors LP | 1% | 14,310,766 | $231,977,503 |
| 2024-09-30 | Morgan Stanley | 1% | 11,932,601 | $193,427,451 |
| 2024-12-31 | ARK Investment Management, LLC | 1% | 9,391,202 | $152,231,375 |
| 2024-12-31 | Nikko Asset Management Americas, Inc. | 1% | 7,732,843 | $125,349,377 |
| 2024-12-31 | Sumitomo Mitsui Trust Holdings, Inc. | 1% | 7,732,843 | $125,349,377 |
| 2024-12-31 | Wells Fargo & Company | 1% | 7,158,613 | $116,041,110 |
Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on SoFi Technologies.
