SoFi Technologies (NASDAQ:SOFI) Shares Up 1.2% – What’s Next?

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

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: SoFi launched a fully digital HELOC product, formed a Real Estate Advisory Council and added XRP deposit support — moves that widen lending/deposit products and could boost fee and deposit growth if adoption scales. Read More.
• Positive Sentiment: Market commentary highlights that SoFi continues to capture share in digital lending/finance and that some long-term investors view current weakness as a buying opportunity, supporting episodic buying interest. Read More.
• Neutral Sentiment: Wall Street previews and Q1 outlook pieces signal expected top‑line and metric growth into the March quarter but stop short of a clear consensus beat — next week’s results and management guidance are the likely near‑term catalyst. Read More.
• Neutral Sentiment: Analyst coverage remains mixed: the consensus rating is still around “Hold” with a wide spread of price targets, so upgrades/downgrades or target revisions after earnings could swing sentiment. Read More.
• Negative Sentiment: Truist trimmed its price target to $20 and other firms (Goldman, KBW) have cut targets or lowered guidance — this analyst pullback is a headwind for sentiment and caps upside. Read More.
• Negative Sentiment: An EVP sold ~9,742 shares under a pre-arranged 10b5-1 plan; while planned sales are common, insider selling can add to short‑term pressure when combined with other negatives. Read More.
• Negative Sentiment: Comparisons favoring Palantir over SoFi on AI-driven growth and reporting that some users found limits to the XRP rollout could push rotational flows away from SOFI toward higher‑momentum tech names. Read More. Read More.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SOFI shares. Wells Fargo & Company dropped their price target on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Citizens Jmp raised SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Monday, February 9th. Keefe, Bruyette & Woods dropped their price target on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Bank of America started coverage on SoFi Technologies in a report on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price target on the stock. Finally, Needham & Company LLC dropped their price target on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.79.

SoFi Technologies Stock Performance

The firm’s 50 day simple moving average is $17.80 and its 200-day simple moving average is $23.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The company has a market capitalization of $23.52 billion, a price-to-earnings ratio of 48.53 and a beta of 2.24.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. During the same period in the previous year, the business earned $0.05 EPS. The company’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. Analysts expect that SoFi Technologies, Inc. will post 0.6 EPS for the current year.

Insider Activity at SoFi Technologies

In other news, CEO Anthony Noto bought 28,900 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were bought at an average cost of $17.32 per share, with a total value of $500,548.00. Following the purchase, the chief executive officer directly owned 11,704,352 shares in the company, valued at $202,719,376.64. This trade represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Robert S. Lavet bought 5,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $21.04 per share, for a total transaction of $105,200.00. Following the completion of the purchase, the general counsel owned 17,172 shares in the company, valued at approximately $361,298.88. This trade represents a 41.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 38,900 shares of company stock worth $705,398 and sold 218,422 shares worth $4,105,468. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently modified their holdings of SOFI. Valley Wealth Managers Inc. purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $25,000. Blue Trust Inc. grew its holdings 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 valued at $26,000 after acquiring an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. grew its holdings in shares of SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 739 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $28,000. Finally, Reflection Asset Management purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $28,000. 38.43% of the stock is currently 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.