SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report)’s share price traded up 3.4% during mid-day trading on Friday . The company traded as high as $17.97 and last traded at $17.88. 89,985,938 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 67,704,352 shares. The stock had previously closed at $17.30.
SoFi Technologies News Summary
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: CEO Anthony Noto has continued buying SoFi shares in the open market this year, reinforcing confidence in the company’s outlook while first-quarter net revenue rose 43% year over year. SoFi Stock Is Down More Than 30% This Year. Its CEO Is Buying Anyway.
- Positive Sentiment: Several reports argued that SoFi’s recent selling may have gone too far, with one model calling for double-digit upside and citing continued growth, product innovation, and insider buying as supports for the stock. SoFi’s Price Prediction: The Case for Double-Digit Upside
- Positive Sentiment: Traders pushed the shares higher intraday as the market leaned into the insider-buying narrative and fresh product-related headlines, helping sentiment around the fintech name. SoFi Stock Is Moving Higher: What’s Going On?
- Neutral Sentiment: SoFi remains one of the most watched stocks on retail-finance sites and by Zacks users, which signals elevated investor attention but does not by itself change fundamentals. SoFi Technologies, Inc. (SOFI) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: One valuation-focused note said SoFi may be overvalued after the rally, suggesting some investors are questioning how much upside is left at current levels. Is SoFi Technologies Inc (SOFI) Overvalued After 3.2% Rally? GF Value Says Overvalued
- Negative Sentiment: SoFi has also been described as one of 2026’s more heavily punished fintech names, highlighting that the stock still faces skepticism despite the recent bounce. SoFi’s Price Prediction: The Case for Double-Digit Upside
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $17.00 price objective on shares of SoFi Technologies in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. Wells Fargo & Company reduced their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Needham & Company LLC decreased their price target on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Morgan Stanley set a $16.00 price objective on SoFi Technologies in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, SoFi Technologies has a consensus rating of “Hold” and a consensus target price of $22.56.
SoFi Technologies Price Performance
The firm has a market cap of $22.94 billion, a PE ratio of 40.64 and a beta of 2.14. The stock’s fifty day moving average price is $16.97 and its 200-day moving average price is $20.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.
Insiders Place Their Bets
In other SoFi Technologies news, CEO Anthony Noto bought 15,545 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were acquired 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. This trade represents a 0.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kelli Keough sold 10,954 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $17.35, for a total value of $190,051.90. Following the transaction, the executive vice president owned 378,682 shares in the company, valued at approximately $6,570,132.70. This represents a 2.81% decrease in their ownership of the stock. 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. Insiders have sold 134,044 shares of company stock valued at $2,370,056 in the last ninety days. 2.50% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On SoFi Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. Lake Street Private Wealth LLC increased its stake in shares of SoFi Technologies by 4.9% in the 4th quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock worth $219,000 after acquiring an additional 390 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its position in shares of SoFi Technologies by 0.4% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock valued at $2,866,000 after acquiring an additional 401 shares during the last quarter. First Horizon Corp boosted its position in shares of SoFi Technologies by 14.9% during the 4th quarter. First Horizon Corp now owns 3,116 shares of the company’s stock valued at $82,000 after acquiring an additional 405 shares during the last quarter. Cigna Investments Inc. New grew its holdings in shares of SoFi Technologies by 3.8% in the fourth quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock valued at $299,000 after purchasing an additional 416 shares during the period. Finally, Wealthspan Partners LLC grew its holdings in shares of SoFi Technologies by 2.4% in the fourth quarter. Wealthspan Partners LLC now owns 18,901 shares of the company’s stock valued at $495,000 after purchasing an additional 450 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.
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.
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