SoFi Technologies (NASDAQ:SOFI) Trading Up 3.3% – Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares were up 3.3% during mid-day trading on Monday . The stock traded as high as $17.43 and last traded at $17.13. Approximately 76,073,153 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 65,657,367 shares. The stock had previously closed at $16.58.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: CEO Anthony Noto bought more shares again, marking his fifth insider purchase this year and reinforcing confidence in SoFi’s long-term prospects. SoFi CEO Buys Shares for the Fifth Time This Year
• Positive Sentiment: SoFi helped open retail access to the high-profile SpaceX IPO, highlighting the company’s push to expand investing features and attract more users to its platform. SoFi (SOFI) Opened SpaceX IPO Access To Retail Investors Through Its Platform
• Positive Sentiment: Analysts and commentators pointed to SoFi’s strong customer ecosystem, record revenue, and continued GAAP profitability as signs that fundamentals remain solid despite the stock’s pullback. SoFi’s Productivity Loop Strengthens Customer Relationships
• Neutral Sentiment: Articles today largely framed SoFi as a volatile fintech name that has fallen sharply from its highs, with some investors viewing the selloff as a valuation reset rather than a business deterioration. Here’s What’s Behind SoFi’s Big Decline — and What You Should Do About It
• Negative Sentiment: Despite the upbeat operating updates, the stock has continued to trade lower as investors weigh the broader fintech selloff and SoFi’s steep drop from its prior peak. SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Some recent coverage also emphasized that SoFi has lost a large amount of market value this year, reflecting lingering skepticism about the stock’s near-term momentum. SoFi stock shows bottoming signs after suffering a $17 billion wipeout

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SOFI shares. Citigroup lowered 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 note on Monday, May 4th. Morgan Stanley set a $16.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. 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 note on Thursday, April 30th. Barclays cut their price objective on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Finally, TD Cowen cut their price objective on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Trading Down 1.6%

The stock has a market cap of $22.35 billion, a price-to-earnings ratio of 39.59 and a beta of 2.14. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $16.90 and a 200-day simple moving average of $20.59.

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

Insider Activity

In other SoFi Technologies news, CEO Anthony Noto bought 15,545 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,815,746.94. Following the completion of the transaction, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. This represents a 10.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 131,644 shares of company stock worth $2,324,185 in the last 90 days. Company insiders own 2.50% 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 SOFI. Valley Wealth Managers Inc. acquired a new position in SoFi Technologies in the fourth quarter worth approximately $25,000. Blue Trust Inc. increased its holdings in SoFi Technologies by 655.2% in the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after buying an additional 878 shares during the last quarter. Vermillion Wealth Management Inc. increased its holdings in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after buying an additional 739 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in SoFi Technologies in the fourth quarter worth approximately $28,000. Finally, Reflection Asset Management acquired a new position in SoFi Technologies in the fourth quarter worth approximately $28,000. Institutional investors and hedge funds 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.