SoFi Technologies (NASDAQ:SOFI) Trading Up 2.7% – Here’s Why

SoFi Technologies, Inc. (NASDAQ:SOFI) rose 2.7% during trading on Thursday . The company traded as high as $18.65 and last traded at $18.43. 61,573,902 shares traded hands during trading, a decline of 12% from the average session volume of 69,625,898 shares. The stock had previously closed at $17.94.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Stephens cut their price objective on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. The Goldman Sachs Group raised their price objective on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, UBS Group reduced their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.44.

SoFi Technologies Stock Up 2.7%

The business’s fifty day simple moving average is $17.48 and its 200 day simple moving average is $17.92. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 38.40 and a beta of 2.17. 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 posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a return on equity of 6.39% and a net margin of 14.78%.The firm’s revenue was up 42.5% on a year-over-year basis. During the same period last year, the company earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities analysts forecast that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $17.19, for a total transaction of $188,299.26. Following the transaction, the executive vice president owned 367,728 shares of the company’s stock, valued at $6,321,244.32. This trade represents a 2.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 135,256 shares of company stock valued at $2,370,822 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in SOFI. Valley Wealth Managers Inc. acquired a new stake in SoFi Technologies during the 4th quarter worth $25,000. Vermillion Wealth Management Inc. grew its stake in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 739 shares during the period. Reflection Asset Management acquired a new position in SoFi Technologies in the fourth quarter valued at about $28,000. Quaker Wealth Management LLC increased its holdings in shares of SoFi Technologies by 2,745.2% in the fourth quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company’s stock worth $31,000 after acquiring an additional 1,153 shares in the last quarter. Finally, American Capital Advisory LLC increased its holdings in shares of SoFi Technologies by 456.7% in the fourth quarter. American Capital Advisory LLC now owns 1,297 shares of the company’s stock worth $34,000 after acquiring an additional 1,064 shares in the last quarter. 38.43% of the stock is 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.