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

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price rose 3.3% during trading on Monday. The stock traded as high as $17.04 and last traded at $16.75. 40,304,021 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 63,676,223 shares. The stock had previously closed at $16.21.

Key Stories Impacting SoFi Technologies

These are some of the SOFI stories that stood out recently:

• Positive Sentiment: SoFi reported record profits and issued a 2027 outlook of $0.90 per share, which the CEO described as reflecting an exceptional quarter. The outlook supports the growth case, though execution will matter. Article: SoFi CEO Calls Q3 “Exceptional” as 2027 Guide Lands at $0.90 a Share
• Neutral Sentiment: SoFi’s variable 4.40% tokenized-deposit offer could attract customers and deposits, but the benefit depends on whether it can grow relationships without sacrificing profitability. Article: SoFi’s 4.40% Deposit Offer Could Be a Smart Move. Here’s the Risk.
• Neutral Sentiment: One analysis highlights a key execution challenge: converting free or low-revenue offerings into more profitable customer relationships will be important to delivering SoFi’s 2027 growth plans. Article: SoFi’s Record Profits Hide 1 Number That Could Decide Its 2027 Growth

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Monness Crespi & Hardt began coverage on SoFi Technologies in a research note on Monday, October 26th. They issued a “buy” rating and a $20.00 price target for the company. Weiss Ratings upgraded SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. Stonex Financial upgraded SoFi Technologies to a “strong-buy” rating in a research report on Monday, October 12th. Keefe, Bruyette & Woods lifted their target price on SoFi Technologies from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Wednesday, October 28th. Finally, TD Cowen boosted their target price on shares of SoFi Technologies from $17.50 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and an average target price of $21.27.

SoFi Technologies Trading Down 0.6%

The business has a 50-day moving average price of $16.30 and a two-hundred day moving average price of $17.55. The stock has a market capitalization of $21.01 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.04 and a beta of 2.25. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. SoFi Technologies had a return on equity of 6.89% and a net margin of 15.60%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $0.11 EPS. SoFi Technologies’s quarterly revenue was up 44.4% on a year-over-year basis. On average, analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Activity

In other news, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the transaction, the executive vice president directly owned 356,442 shares in the company, valued at approximately $6,415,956. The trade was a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the sale, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. This trade represents a 2.00% 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. Over the last three months, insiders sold 50,316 shares of company stock worth $852,605. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. Advisors Asset Management Inc. bought a new stake in shares of SoFi Technologies during the 3rd quarter worth $61,000. Composition Wealth LLC grew its position in SoFi Technologies by 1.1% in the third quarter. Composition Wealth LLC now owns 97,034 shares of the company’s stock valued at $1,525,000 after acquiring an additional 1,027 shares during the last quarter. Voya Investment Management LLC grew its position in SoFi Technologies by 72.3% in the third quarter. Voya Investment Management LLC now owns 171,797 shares of the company’s stock valued at $2,701,000 after acquiring an additional 72,076 shares during the last quarter. Public Sector Pension Investment Board acquired a new position in SoFi Technologies during the third quarter worth about $25,833,000. Finally, Cibc World Market Inc. raised its stake in SoFi Technologies by 71.8% during the third quarter. Cibc World Market Inc. now owns 66,460 shares of the company’s stock worth $1,045,000 after acquiring an additional 27,786 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

About SoFi Technologies

SoFi Technologies, Inc. is a U.S.-based digital financial services company that offers consumer lending, banking and investment products through its online platform. Its services include personal, student and home loans, deposit accounts, credit cards and investment offerings. Founded in 2011 as Social Finance, the company initially focused on student loan refinancing before expanding into a broader range of financial services. SoFi also provides financial technology infrastructure through businesses including Galileo, which supports payment processing and other services for financial institutions and fintech companies.