SoFi Technologies (NASDAQ:SOFI) Trading 2.3% Higher – Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price traded up 2.3% on Tuesday . The stock traded as high as $18.84 and last traded at $18.55. Approximately 89,107,721 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 68,937,305 shares. The stock had previously closed at $18.13.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SOFI shares. Weiss Ratings cut SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Keefe, Bruyette & Woods decreased their target price on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research report on Thursday, April 9th. TD Cowen decreased their target price on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, Wells Fargo & Company lowered their price objective on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $22.78.

SoFi Technologies Stock Down 3.7%

The firm has a market capitalization of $22.92 billion, a P/E ratio of 40.61 and a beta of 2.14. The company has a 50 day simple moving average of $17.04 and a two-hundred day simple moving average of $19.24. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17.

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

Insider Buying and Selling

In other SoFi Technologies news, CEO Anthony Noto purchased 15,545 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $16.00 per share, with a total value of $248,720.00. Following the completion of the purchase, the chief executive officer directly owned 11,946,619 shares in the company, valued at $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kelli Keough sold 10,954 shares of the company’s stock in a transaction dated 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 owned 378,682 shares in the company, valued at $6,570,132.70. This represents a 2.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 134,044 shares of company stock worth $2,370,056. Insiders own 2.50% of the company’s stock.

Institutional Trading of SoFi Technologies

Several institutional investors have recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies during the fourth quarter worth $25,000. Blue Trust Inc. boosted its holdings in shares of SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after buying an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. grew its stake in SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after buying an additional 739 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of SoFi Technologies during the fourth quarter valued at about $28,000. Finally, Reflection Asset Management acquired a new position in SoFi Technologies during the 4th quarter valued at approximately $28,000. Institutional investors own 38.43% of the company’s stock.

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.