SoFi Technologies (NASDAQ:SOFI) Stock Price Up 2.4% – Time to Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) rose 2.4% on Wednesday . The stock traded as high as $17.85 and last traded at $16.49. Approximately 63,803,344 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 63,422,848 shares. The stock had previously closed at $16.11.

Wall Street Analyst Weigh In

SOFI has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of SoFi Technologies in a report on Thursday, January 22nd. Citizens Jmp upgraded SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, February 9th. The Goldman Sachs Group reduced their price target on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. UBS Group set a $24.50 price target on SoFi Technologies in a report on Monday, February 2nd. Finally, Wells Fargo & Company began coverage on SoFi Technologies in a report on Thursday, March 19th. They set an “equal weight” rating and a $19.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.32.

SoFi Technologies Price Performance

The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The firm has a market cap of $21.03 billion, a P/E ratio of 43.40 and a beta of 2.24. The business has a fifty day moving average of $18.64 and a 200 day moving average of $24.46.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. During the same quarter last year, the company posted $0.05 earnings per share. SoFi Technologies’s quarterly revenue was up 39.6% on a year-over-year basis. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 9,742 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $16.94, for a total transaction of $165,029.48. Following the completion of the sale, the executive vice president owned 343,026 shares in the company, valued at $5,810,860.44. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven J. Freiberg sold 94,225 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $20.31, for a total value of $1,913,709.75. Following the sale, the director owned 588,849 shares of the company’s stock, valued at approximately $11,959,523.19. This represents a 13.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 38,900 shares of company stock valued at $705,398 and have sold 218,148 shares valued at $4,161,735. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors have recently made changes to their positions in the company. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $25,000. Vermillion Wealth Management Inc. boosted its holdings in shares of SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 739 shares during the period. Blue Trust Inc. boosted its holdings in shares of SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after acquiring an additional 878 shares during the period. Reflection Asset Management bought a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $28,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $28,000. Institutional investors own 38.43% of the company’s stock.

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.