SoFi Technologies (NASDAQ:SOFI) Stock Price Up 1.6% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price rose 1.6% during trading on Friday . The stock traded as high as $19.87 and last traded at $19.61. Approximately 42,745,293 shares were traded during trading, a decline of 27% from the average daily volume of 58,903,570 shares. The stock had previously closed at $19.30.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SOFI. Needham & Company LLC reduced their target price on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Barclays raised their price objective on SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 target price on shares of SoFi Technologies in a research report on Tuesday, October 28th. Truist Financial reduced their price target on shares of SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Finally, UBS Group set a $24.50 price objective on shares of SoFi Technologies in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.21.

SoFi Technologies Stock Performance

The firm’s 50 day moving average is $25.51 and its 200-day moving average is $26.24. The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 51.58 and a beta of 2.13. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. SoFi Technologies had a net margin of 13.34% and a return on equity of 6.48%. The firm’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In other news, insider Arun Pinto sold 46,132 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the transaction, the insider owned 138,396 shares in the company, valued at $3,426,684.96. This trade represents a 25.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kelli Keough sold 10,340 shares of SoFi Technologies stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $273,286.20. Following the completion of the sale, the executive vice president directly owned 265,034 shares in the company, valued at $7,004,848.62. This represents a 3.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 261,470 shares of company stock valued at $6,276,524 in the last ninety days. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its position in shares of SoFi Technologies by 4.3% during the 4th quarter. UMB Bank n.a. now owns 32,449 shares of the company’s stock worth $850,000 after purchasing an additional 1,337 shares during the last quarter. GM Advisory Group LLC acquired a new stake in SoFi Technologies in the 4th quarter worth about $1,058,000. Stifel Financial Corp increased its stake in SoFi Technologies by 36.1% during the 4th quarter. Stifel Financial Corp now owns 175,188 shares of the company’s stock worth $4,586,000 after buying an additional 46,500 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of SoFi Technologies by 27.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,602 shares of the company’s stock valued at $96,000 after acquiring an additional 783 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of SoFi Technologies by 33.6% in the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after acquiring an additional 3,350,258 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other 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.