SoFi Technologies (NASDAQ:SOFI) Trading 2% Higher – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI) was up 2% during trading on Monday . The stock traded as high as $19.12 and last traded at $18.61. 80,535,147 shares changed hands during trading, an increase of 18% from the average session volume of 68,158,156 shares. The stock had previously closed at $18.24.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFi launched a new ETF, the Social 50 Income ETF (SFYI), expanding its investing lineup and potentially creating more fee-based revenue through higher engagement and options-driven income strategies. Article title
• Positive Sentiment: Commentary around SoFi’s AI tools, Coach and Composer, suggests the company may have another growth layer by deepening customer engagement and strengthening its financial ecosystem. Article title
• Positive Sentiment: Articles questioning whether SoFi could make investors “millionaires” are reinforcing a bullish narrative around the company’s long-term growth potential and profitability trend. Article title
• Positive Sentiment: SoFi is being promoted as an attractive option for new investors, with a limited-time offer of up to $1,000 in stock for opening and funding a self-directed investing account, which could help attract new customers. Article title
• Neutral Sentiment: SoFi is trending on investor watchlists, but this appears to reflect heavy interest and debate rather than a clear new fundamental catalyst. Article title
• Neutral Sentiment: Analysts’ consensus remains “Hold,” suggesting the Street is acknowledging SoFi’s growth but not yet fully endorsing the stock as a clear buy at current levels. Article title
• Negative Sentiment: SoFi remains well below prior highs and was still described as having been hit hard earlier this year, which keeps valuation and sentiment sensitive despite the recent rebound in optimism. Article title

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. Weiss Ratings lowered shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Stephens lowered their price objective on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. UBS Group dropped their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Finally, Truist Financial cut their target price on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Price Performance

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 business’s 50-day simple moving average is $16.87 and its 200 day simple moving average is $19.62. The firm has a market capitalization of $22.74 billion, a P/E ratio of 40.30 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $0.06 EPS. The business’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. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were 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 $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 dated Monday, May 11th. The shares were bought at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the purchase, the chief executive officer directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 134,044 shares of company stock valued at $2,370,056 over the last three months. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Large investors have recently bought and sold shares of the stock. MFG Wealth Management Inc. boosted its stake in shares of SoFi Technologies by 6.7% during the second quarter. MFG Wealth Management Inc. now owns 191,016 shares of the company’s stock valued at $3,425,000 after purchasing an additional 11,917 shares during the period. Teamwork Financial Advisors LLC increased its stake in shares of SoFi Technologies by 17.2% in the second quarter. Teamwork Financial Advisors LLC now owns 249,482 shares of the company’s stock worth $4,473,000 after buying an additional 36,693 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab increased its stake in shares of SoFi Technologies by 5.6% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 105,760 shares of the company’s stock worth $1,896,000 after buying an additional 5,600 shares during the period. Assenagon Asset Management S.A. bought a new stake in SoFi Technologies during the 2nd quarter valued at $391,000. Finally, Fermata Advisors LLC raised its holdings in SoFi Technologies by 4.9% during the 2nd quarter. Fermata Advisors LLC now owns 15,429 shares of the company’s stock valued at $277,000 after buying an additional 719 shares during 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.