SoFi Technologies (NASDAQ:SOFI) Shares Up 5% – Here’s Why

SoFi Technologies, Inc. (NASDAQ:SOFI) shares shot up 5% on Tuesday . The company traded as high as $18.08 and last traded at $17.91. 56,914,814 shares were traded during mid-day trading, a decline of 9% from the average session volume of 62,423,699 shares. The stock had previously closed at $17.05.

Key SoFi Technologies News

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

• Positive Sentiment: Retail-driven short-squeeze chatter and bullish trading ahead of earnings have pushed intraday buying; 247WallStreet notes a premarket pop and rising anticipation for Q1 2026 results. SoFi Technologies Pops 5% as Short Squeeze Chatter and Earnings Anticipation Heat Up
• Positive Sentiment: Unusually large call-option activity (≈612,015 calls traded) confirms speculative/leveraged bullish positioning that can amplify upward moves into earnings. (Market options data)
• Positive Sentiment: Product/operational win — SoFi Bank’s support for FedNow instant bank transfers increases product stickiness and positions SoFi’s platform as a faster-payments backbone, a catalyst for revenue/partnership upside. Why SoFi Technologies (SOFI) Is Up 13.9% After Expanding FedNow Instant Payments Capabilities
• Neutral Sentiment: Broader market/risk-on tone (software recovery after easing geopolitical tensions) is lifting fintech and software names, providing a tailwind for SOFI. Oracle and Other Software Stocks Are Rising Again. The Recovery Is Gathering Pace.
• Neutral Sentiment: Marketing and consumer promotions (new randomized deposit bonus, artist contest) may help user growth and brand awareness but are incremental for near-term profits. This New SoFi Offer Turns a $50 Deposit Into a Shot at $1,000 SoFi, Kelsea Ballerini, and CMA Launch Amplify Your Ambitions Contest
• Negative Sentiment: Argus launched coverage with a Hold rating — institutional analyst skepticism can limit upside and weigh on investor sentiment. SoFi Technologies, Inc.: Launching coverage with a HOLD rating
• Negative Sentiment: Some commentary flags valuation risk: while FedNow is a positive product step, analysts caution the rollout tests growth/valuation expectations — a potential headwind if revenue lift is slower than hoped. SoFi FedNow Rollout Tests Valuation Concerns And Technology Growth Hopes

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SOFI shares. Truist Financial lowered their target price on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Needham & Company LLC lowered their target price on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Tuesday, February 3rd. UBS Group set a $24.50 target price on SoFi Technologies in a report on Monday, February 2nd. Finally, Bank of America started coverage on SoFi Technologies in a report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $24.85.

SoFi Technologies Trading Up 1.3%

The business has a fifty day simple moving average of $17.97 and a 200 day simple moving average of $24.01. The stock has a market cap of $24.27 billion, a price-to-earnings ratio of 50.08 and a beta of 2.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. During the same quarter in the prior year, the company posted $0.05 EPS. The business’s revenue for the quarter was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CEO Anthony Noto purchased 28,900 shares of SoFi Technologies stock in a transaction on Tuesday, March 17th. The shares were bought at an average price of $17.32 per share, with a total value of $500,548.00. Following the purchase, the chief executive officer directly owned 11,704,352 shares in the company, valued at $202,719,376.64. This trade represents a 0.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 94,958 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value of $1,655,117.94. Following the transaction, the chief technology officer directly owned 839,640 shares in the company, valued at approximately $14,634,925.20. This represents a 10.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have bought 38,900 shares of company stock worth $705,398 and have sold 218,148 shares worth $4,161,735. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Lake Street Private Wealth LLC lifted its stake 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 worth $219,000 after purchasing an additional 390 shares during the period. Xcel Wealth Management LLC raised its position in shares of SoFi Technologies by 0.6% in the 3rd quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock worth $1,874,000 after buying an additional 392 shares during the period. Capital Advisors Wealth Management LLC raised its position in shares of SoFi Technologies by 0.4% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock worth $2,866,000 after buying an additional 401 shares during the period. First Horizon Corp raised its position in shares of SoFi Technologies by 14.9% in the 4th quarter. First Horizon Corp now owns 3,116 shares of the company’s stock worth $82,000 after buying an additional 405 shares during the period. Finally, Cigna Investments Inc. New raised its position in shares of SoFi Technologies by 3.8% in the 4th quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock worth $299,000 after buying an additional 416 shares during the period. Hedge funds and other 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.