SoFi Technologies (NASDAQ:SOFI) Trading Up 5% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price traded up 5% during mid-day trading on Thursday . The company traded as high as $16.69 and last traded at $16.67. 67,403,189 shares were traded during mid-day trading, an increase of 3% from the average session volume of 65,693,289 shares. The stock had previously closed at $15.87.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFi became the first U.S. bank to launch its own stablecoin, a move that could expand its fintech ecosystem, improve engagement, and create new digital-asset-related revenue opportunities. SoFi Just Became the First U.S. Bank to Launch Its Own Stablecoin. Here’s Why It Matters.
• Positive Sentiment: SoFi’s CEO highlighted personal loans as a potential solution for consumers trapped in high-interest credit card debt, reinforcing the company’s lending strategy and its appeal in a high-rate environment. SoFi CEO Anthony Noto Says Personal Loans Can Help Americans Escape Credit Card Debt ‘Crisis’
• Neutral Sentiment: Analyst commentary noted that SoFi’s stock has fallen sharply over the last six months, but also framed the move as a possible buying opportunity if growth accelerates and sentiment improves. SoFi Stock Slides 42% in 6 Months: Buying Opportunity or Red Flag?
• Negative Sentiment: Recent coverage said SoFi underperformed the broader market in the latest session, reflecting continued investor caution after a move lower in the shares. SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Longer-term concerns remain around SoFi’s premium valuation, profitability, and sensitivity to higher interest rates, which have been cited as reasons the stock has struggled. SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SOFI shares. Weiss Ratings lowered shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Wells Fargo & Company dropped their price target on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Needham & Company LLC lowered their price objective on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies has an average rating of “Hold” and an average target price of $22.56.

SoFi Technologies Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The company has a market capitalization of $21.38 billion, a P/E ratio of 37.89 and a beta of 2.14. The firm’s fifty day moving average is $16.77 and its 200 day moving average is $20.96.

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

Insider Buying and Selling

In other SoFi Technologies news, CEO Anthony Noto acquired 15,545 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at $191,145,904. The trade was a 0.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kelli Keough sold 10,037 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total value of $155,874.61. Following the completion of the sale, the executive vice president owned 323,247 shares in the company, valued at approximately $5,020,025.91. The trade was a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 124,479 shares of company stock valued at $2,163,556. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in SoFi Technologies in the 4th quarter worth about $321,515,000. Vanguard Group Inc. boosted its position in SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after buying an additional 6,814,727 shares during the period. State Street Corp grew its stake in SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after acquiring an additional 5,708,053 shares in the last quarter. Marshall Wace LLP grew its stake in SoFi Technologies by 372.9% in the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after acquiring an additional 5,244,291 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of SoFi Technologies by 33.6% during the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after acquiring an additional 3,350,258 shares during the period. 38.43% of the stock is currently 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.