SoFi Technologies (NASDAQ:SOFI) Trading 1.2% Higher – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) was up 1.2% during trading on Wednesday . The stock traded as high as $19.45 and last traded at $19.06. Approximately 44,537,734 shares changed hands during trading, a decline of 29% from the average daily volume of 62,479,902 shares. The stock had previously closed at $18.83.

Analyst Ratings Changes

Several research analysts recently commented on SOFI shares. JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Tuesday, February 3rd. Bank of America started coverage on SoFi Technologies in a research report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. Wells Fargo & Company reduced 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. Finally, Keefe, Bruyette & Woods reduced their price target on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research report on Thursday, April 9th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.85.

SoFi Technologies Stock Performance

The company has a market capitalization of $24.31 billion, a price-to-earnings ratio of 50.16 and a beta of 2.24. The stock has a 50-day moving average price of $17.85 and a 200-day moving average price of $23.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $984.75 million. During the same period last year, the firm posted $0.05 earnings per share. The business’s 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. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Steven J. Freiberg sold 94,225 shares of the firm’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 completion of the sale, the director directly owned 588,849 shares of the company’s stock, valued at $11,959,523.19. This trade represents a 13.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kelli Keough sold 9,742 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $16.94, for a total value of $165,029.48. Following the transaction, the executive vice president owned 343,026 shares in the company, valued at approximately $5,810,860.44. This trade represents a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 38,900 shares of company stock valued at $705,398 and sold 208,680 shares valued at $3,917,934. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

A number of large investors have recently made changes to their positions in the company. Lake Street Private Wealth LLC increased its stake in shares of SoFi Technologies by 4.9% during the fourth 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 increased its stake in shares of SoFi Technologies by 0.6% during the third quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock worth $1,874,000 after purchasing an additional 392 shares during the period. Capital Advisors Wealth Management LLC increased its stake in shares of SoFi Technologies by 0.4% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock worth $2,866,000 after purchasing an additional 401 shares during the period. First Horizon Corp increased its stake in SoFi Technologies by 14.9% during the 4th quarter. First Horizon Corp now owns 3,116 shares of the company’s stock worth $82,000 after acquiring an additional 405 shares during the period. Finally, Cigna Investments Inc. New increased its stake in SoFi Technologies by 3.8% during the 4th quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock worth $299,000 after acquiring an additional 416 shares during the period. Institutional investors 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.