SoFi Technologies (NASDAQ:SOFI) Trading 10.5% Higher – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price shot up 10.5% during mid-day trading on Monday . The stock traded as high as $18.08 and last traded at $18.03. Approximately 83,378,860 shares traded hands during trading, an increase of 18% from the average session volume of 70,759,156 shares. The stock had previously closed at $16.31.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SOFI shares. UBS Group reduced their price target on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group raised their price objective on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Morgan Stanley decreased their target price on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday. Finally, Citigroup lowered their price target on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Monday, May 4th. Seven investment 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, the stock has an average rating of “Hold” and a consensus target price of $22.38.

SoFi Technologies Stock Up 10.5%

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 stock’s 50-day simple moving average is $17.29 and its 200 day simple moving average is $18.37. The firm has a market cap of $23.13 billion, a P/E ratio of 37.56 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a return on equity of 6.39% and a net margin of 14.78%.The business’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, CEO Anthony Noto purchased 15,545 shares of the company’s stock in a transaction 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 completion of the purchase, the chief executive officer owned 11,946,619 shares in the company, valued at $191,145,904. This represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, insiders sold 135,256 shares of company stock worth $2,370,822. 2.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

Large investors have recently bought and sold shares of the stock. Valley Wealth Managers Inc. bought a new stake in SoFi Technologies in the fourth quarter valued at $25,000. Blue Trust Inc. boosted its position in shares of SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after purchasing an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. grew its stake in shares of SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 739 shares during the period. Reflection Asset Management bought a new stake in SoFi Technologies in the 4th quarter valued at about $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in SoFi Technologies in the 4th quarter valued at about $29,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.