SoFi Technologies (NASDAQ:SOFI) Stock Price Up 1.1% – Time to Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price was up 1.1% during trading on Tuesday . The stock traded as high as $17.68 and last traded at $17.29. 88,955,690 shares were traded during trading, an increase of 33% from the average session volume of 66,857,734 shares. The stock had previously closed at $17.10.

SoFi Technologies News Roundup

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

• Positive Sentiment: SoFi unveiled Composer by SoFi, an AI-powered investing platform that lets users build, test, and automate trading strategies using natural language, reinforcing the company’s push toward becoming an “everything app” for financial services. Article Title
• Positive Sentiment: SoFi also said it acquired Composer, deepening its AI-powered trading ambitions and potentially broadening its appeal to retail investors seeking more sophisticated, Wall Street-style tools. Article Title
• Positive Sentiment: Investor sentiment was helped by Jim Cramer, who reiterated that SoFi looks like a buy and said he continues to believe it’s time to buy the stock, adding a public bullish voice that may be supporting momentum. Article Title
• Neutral Sentiment: SoFi General Counsel Robert Lavet sold shares, but the filing says the sale was mainly to cover tax withholding tied to equity vesting, so it appears to be a routine insider transaction rather than a strong negative signal. Article Title

Analyst Ratings Changes

SOFI has been the subject of a number of research analyst reports. Weiss Ratings cut SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Needham & Company LLC cut their price objective on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Citigroup decreased their price objective on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Barclays lowered their target price on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Finally, UBS Group cut their price target on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.56.

SoFi Technologies Price Performance

The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 39.30 and a beta of 2.14. The company has a 50 day simple moving average of $16.98 and a 200-day simple moving average of $20.34. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.SoFi Technologies’s revenue for the quarter 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. Research analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CEO Anthony Noto purchased 15,545 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $16.00 per share, with a total value of $248,720.00. Following the purchase, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 10,037 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total transaction of $155,874.61. Following the transaction, the executive vice president directly owned 323,247 shares of the company’s stock, valued at $5,020,025.91. This represents a 3.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 123,090 shares of company stock worth $2,180,004. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Southern Financial Group LLC lifted its position in SoFi Technologies by 8.4% during the 1st quarter. Southern Financial Group LLC now owns 19,345 shares of the company’s stock worth $307,000 after buying an additional 1,505 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of SoFi Technologies by 84.8% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 23,605 shares of the company’s stock valued at $375,000 after acquiring an additional 10,830 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of SoFi Technologies by 24.7% in the 1st quarter. NewEdge Advisors LLC now owns 402,635 shares of the company’s stock valued at $6,394,000 after acquiring an additional 79,819 shares in the last quarter. Cozad Asset Management Inc. acquired a new stake in shares of SoFi Technologies in the first quarter valued at about $334,000. Finally, Vestor Capital LLC increased its position in shares of SoFi Technologies by 549.3% in the first quarter. Vestor Capital LLC now owns 6,532 shares of the company’s stock valued at $104,000 after acquiring an additional 5,526 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

About SoFi Technologies

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.