Brokerages Set SoFi Technologies, Inc. (NASDAQ:SOFI) PT at $22.56

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have earned a consensus recommendation of “Hold” from the twenty-one brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.5556.

SOFI has been the topic of several recent research reports. Truist Financial cut their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, May 12th. Citigroup cut their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Keefe, Bruyette & Woods cut 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 report on Thursday, April 9th. Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Monday, February 9th. Finally, Stephens cut 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.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 94,958 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the transaction, the chief technology officer owned 839,640 shares in the company, valued at $14,634,925.20. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Anthony Noto purchased 28,900 shares of the stock in a transaction on Tuesday, March 17th. The shares were bought at an average price of $17.32 per share, for a total transaction of $500,548.00. Following the acquisition, the chief executive officer owned 11,704,352 shares of the company’s stock, valued at approximately $202,719,376.64. The trade was a 0.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 124,479 shares of company stock worth $2,163,556 over the last 90 days. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. Vanguard Group Inc. grew its stake in shares of SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock worth $2,829,640,000 after acquiring an additional 6,814,727 shares during the last quarter. Firsthand Capital Management Inc. grew its stake in shares of SoFi Technologies by 60.0% in the third quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock worth $2,114,000 after acquiring an additional 30,000 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of SoFi Technologies by 161.6% in the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock worth $23,625,000 after acquiring an additional 557,390 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of SoFi Technologies by 212.2% in the third quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company’s stock worth $1,060,000 after acquiring an additional 27,283 shares during the last quarter. Finally, North Dakota State Investment Board acquired a new stake in shares of SoFi Technologies in the fourth quarter worth $1,044,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies News Roundup

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

• Positive Sentiment: SoFi’s long-term growth story remains intact, with new commentary highlighting its rapid member growth, expanding product suite, and potential to become a top-10 bank if it keeps converting younger users into long-term customers. Can SoFi Become a Top-10 Bank? Here’s Exactly How It Could Get There.
• Positive Sentiment: Several bullish articles argue the stock’s pullback may be creating an opportunity, pointing to strong member growth, improving profitability, and accelerating revenue and margin trends. SoFi Is Down 50% – I’m Buying More
• Positive Sentiment: SoFi also reportedly acquired Peach Finance, which could strengthen its enterprise fintech and loan-servicing infrastructure capabilities over time. SoFi Bolsters Enterprise FinTech Ecosystem With Peach Finance Acquisition
• Neutral Sentiment: Recent coverage says SoFi delivered a solid quarter, but softer forward expectations and a lower price target from Truist have kept some investors cautious. The firm cut its target to $17 from $20 and maintained a Hold rating. SoFi Technologies, Inc. (SOFI): Solid Quarter, Softer Forecasts
• Neutral Sentiment: Another article emphasized SoFi’s strong Q1 2026 results, but noted that unchanged full-year guidance, a short-seller report, and weakness in its technology platform segment are keeping the investment case debated. Is SoFi’s Mixed Q1 2026 Signals Altering The Investment Case For SoFi Technologies (SOFI)?
• Negative Sentiment: Insider selling also may be weighing on sentiment, as EVP Kelli Keough sold 10,037 shares in a pre-arranged Rule 10b5-1 transaction. Kelli Keough Sells 10,037 Shares of SoFi Technologies (NASDAQ:SOFI) Stock

SoFi Technologies Price Performance

NASDAQ SOFI opened at $15.62 on Tuesday. The company has a 50 day simple moving average of $16.78 and a 200-day simple moving average of $22.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The firm has a market capitalization of $20.04 billion, a price-to-earnings ratio of 35.50 and a beta of 2.12. SoFi Technologies has a 52-week low of $12.74 and a 52-week high of $32.73.

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

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.