SoFi Technologies (NASDAQ:SOFI) Stock Price Up 2.8% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price traded up 2.8% on Wednesday . The company traded as high as $18.83 and last traded at $18.44. Approximately 80,867,505 shares traded hands during trading, an increase of 19% from the average session volume of 67,949,758 shares. The stock had previously closed at $17.93.

SoFi Technologies News Summary

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

• Positive Sentiment: SoFi launched small business loans up to $250,000, broadening its lending business and giving the company another way to cross-sell financial products to members. Article Title
• Positive Sentiment: Analysts and commentators highlighted SoFi’s strong revenue growth, expanding member base, and improving margins, reinforcing the bullish case that the stock may still have room to run. Article Title
• Positive Sentiment: SoFi is also being discussed as a potential S&P 500 inclusion candidate, which would be a meaningful tailwind if it happens because index funds could be forced to buy shares. Article Title
• Neutral Sentiment: Some valuation-focused coverage argued that SoFi now looks expensive on fair-value and earnings measures, which may temper enthusiasm even as the business continues to grow. Article Title
• Neutral Sentiment: Cathie Wood-related trading chatter provided some added attention, but the article did not indicate a SoFi-specific catalyst by itself. Article Title

Analysts Set New Price Targets

SOFI has been the subject of several research reports. TD Cowen reduced their price objective on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company reduced their target price on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Weiss Ratings lowered SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price target on shares of SoFi Technologies in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price objective on shares of SoFi Technologies in a report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Stock Performance

The stock has a market capitalization of $23.65 billion, a PE ratio of 41.91 and a beta of 2.14. 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 firm has a 50 day moving average of $16.93 and a 200-day moving average of $19.90.

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

Insider Buying and Selling at SoFi Technologies

In related news, CEO Anthony Noto bought 15,545 shares of the business’s stock in a transaction on Monday, May 11th. The stock was 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 directly owned 11,946,619 shares in the company, valued at $191,145,904. This represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total transaction of $190,051.90. Following the sale, the executive vice president directly owned 378,682 shares of the company’s stock, valued at $6,570,132.70. This trade represents a 2.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 134,044 shares of company stock worth $2,370,056. 2.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Lake Street Private Wealth LLC lifted its holdings in shares of SoFi Technologies by 4.9% during the 4th quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock valued at $219,000 after buying an additional 390 shares during the last quarter. Capital Advisors Wealth Management LLC raised its position in SoFi Technologies by 0.4% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock valued at $2,866,000 after acquiring an additional 401 shares in the last quarter. First Horizon Corp raised its position in SoFi Technologies by 14.9% during the fourth quarter. First Horizon Corp now owns 3,116 shares of the company’s stock valued at $82,000 after acquiring an additional 405 shares in the last quarter. Cigna Investments Inc. New lifted its stake in SoFi Technologies by 3.8% in the fourth quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock valued at $299,000 after acquiring an additional 416 shares during the last quarter. Finally, Wealthspan Partners LLC lifted its stake in SoFi Technologies by 2.4% in the fourth quarter. Wealthspan Partners LLC now owns 18,901 shares of the company’s stock valued at $495,000 after acquiring an additional 450 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

About SoFi Technologies

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.