SoFi Technologies (NASDAQ:SOFI) Trading Up 2.9% – Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price was up 2.9% during mid-day trading on Monday . The company traded as high as $16.66 and last traded at $16.50. Approximately 77,705,923 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 65,340,809 shares. The stock had previously closed at $16.03.

Trending Headlines about SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: SoFi launched SoFi Coach, an AI-powered chat tool that gives members personalized financial insights. The rollout supports the company’s push to use artificial intelligence to deepen customer engagement and differentiate its platform. SoFi Technologies (SOFI) Announces the Launch of SoFi Coach
• Positive Sentiment: CEO Anthony Noto highlighted SoFi personal loans as a lower-cost alternative to credit cards, reinforcing the company’s consumer lending narrative and positioning SoFi as a solution for Americans dealing with high-interest debt. SoFi CEO Anthony Noto Says Personal Loans Can Help Americans Escape Credit Card Debt ‘Crisis’
• Positive Sentiment: Several articles argued that SoFi remains an attractive long-term buy after its pullback, suggesting some investors still see value in the stock despite recent weakness. Down 49%, SoFi stock is an attractive buy here for long-term investors

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SOFI shares. TD Cowen lowered their price target on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Barclays lowered their price target on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Citigroup lowered their price target on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Stephens lowered their price target on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, UBS Group lowered their price target on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Stock Performance

The company’s 50-day moving average price is $16.76 and its two-hundred day moving average price is $21.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The stock has a market cap of $20.36 billion, a PE ratio of 36.07 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business’s quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities research analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Insider Activity

In other news, CTO Jeremy Rishel sold 94,958 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the sale, the chief technology officer owned 839,640 shares in the company, valued at approximately $14,634,925.20. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony Noto acquired 15,545 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the transaction, the chief executive officer owned 11,946,619 shares in the company, valued at approximately $191,145,904. This represents a 0.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 124,479 shares of company stock worth $2,163,556. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SOFI. Brighton Jones LLC raised its position in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares during the period. Caxton Associates LLP bought a new stake in SoFi Technologies in the first quarter worth $129,000. Empowered Funds LLC lifted its stake in SoFi Technologies by 5.2% in the first quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock worth $385,000 after purchasing an additional 1,631 shares during the last quarter. Franklin Resources Inc. lifted its stake in SoFi Technologies by 23.2% in the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock worth $251,000 after purchasing an additional 2,596 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in SoFi Technologies in the second quarter worth $4,633,000. 38.43% of the stock is currently owned by institutional investors.

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.