SoFi Technologies (NASDAQ:SOFI) Trading 1.1% Higher – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI) traded up 1.1% during trading on Tuesday . The company traded as high as $17.68 and last traded at $17.29. Approximately 88,955,690 shares were traded during trading, an increase of 33% from the average daily volume of 66,857,734 shares. The stock had previously closed at $17.10.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFi launched Composer by SoFi, an AI-powered investing platform that lets users create, test, and automate trading strategies using natural language. Investors appear to like the move because it expands SoFi’s product lineup, supports its “everything app” strategy, and could boost engagement and customer retention. Yahoo Finance: Why SoFi (SOFI) Stock Is Trading Up Today
• Positive Sentiment: Additional coverage highlighted SoFi’s AI investing push and suggested the market may be underestimating the growth potential of the new platform, helping reinforce bullish sentiment around the stock. TheStreet: SoFi Makes Major AI Investing Move
• Positive Sentiment: SoFi was also one of the most searched stocks on Zacks, reflecting elevated investor interest after the recent product announcement and share-price momentum. Zacks: SoFi Technologies, Inc. (SOFI) is Attracting Investor Attention
• Neutral Sentiment: Some commentary remains cautious, noting SoFi still trades at a premium valuation, which implies high expectations for growth and execution. If momentum slows, that could pressure the stock. Yahoo Finance: SoFi’s Valuation Premium Suggests Growth Confidence But Also Risk
• Negative Sentiment: Recent insider selling by an executive may be viewed cautiously by some investors, even though it was disclosed as part of a pre-arranged trading plan. InsiderTrades: Insider Selling: SoFi Technologies (NASDAQ:SOFI) EVP Sells 10,954 Shares of Stock

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SOFI. Argus began coverage on SoFi Technologies in a research note on Wednesday, April 15th. They set a “hold” rating for the company. Barclays decreased their target price on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Needham & Company LLC dropped their price target on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings lowered shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a research note on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and an average target price of $22.56.

SoFi Technologies Trading Down 0.4%

The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $17.00 and a 200 day moving average price of $20.17. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 39.24 and a beta of 2.14.

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

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares in the company, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, CEO Anthony Noto acquired 15,545 shares of SoFi Technologies stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of $16.00 per share, with a total value of $248,720.00. Following the transaction, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. The trade was a 0.13% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 134,044 shares of company stock valued at $2,370,056. 2.50% of the stock is owned by insiders.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of SoFi Technologies during the 4th quarter worth $321,515,000. State Street Corp boosted its holdings in SoFi Technologies by 30.7% in the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after purchasing an additional 5,708,053 shares in the last quarter. Marshall Wace LLP boosted its holdings in SoFi Technologies by 372.9% in the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after purchasing an additional 5,244,291 shares in the last quarter. Vanguard Group Inc. increased its position in SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after buying an additional 3,900,895 shares during the last quarter. Finally, Morgan Stanley raised its holdings in SoFi Technologies by 33.6% during the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after buying an additional 3,350,258 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.