SoFi Technologies (NASDAQ:SOFI) Trading Up 2.6% on Analyst Upgrade

Posted by on Jul 27th, 2026

SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report)’s stock price shot up 2.6% during trading on Monday after Truist Financial raised their price target on the stock from $17.00 to $18.00. Truist Financial currently has a hold rating on the stock. SoFi Technologies traded as high as $17.50 and last traded at $16.88. Approximately 66,386,786 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 69,682,289 shares. The stock had previously closed at $16.46.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Citigroup decreased 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 report on Thursday, April 30th. Argus initiated coverage on shares of SoFi Technologies in a research note on Wednesday, April 15th. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods reduced their target price on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.83.

Read Our Latest Research Report on SOFI

Insider Activity at SoFi Technologies

In related news, CEO Anthony Noto acquired 15,545 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $16.00 per share, with a total value of $248,720.00. Following the acquisition, the chief executive officer directly owned 11,946,619 shares in the company, valued at $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 10,954 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $17.35, for a total transaction of $190,051.90. Following the completion of the transaction, the executive vice president directly owned 378,682 shares of the company’s stock, 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 sold 124,302 shares of company stock valued at $2,182,523 over the last ninety days. 2.50% of the stock is owned by insiders.

Institutional Trading of SoFi Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of SOFI. Vanguard Group Inc. lifted its position in SoFi Technologies by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after purchasing an additional 3,900,895 shares during the period. North Dakota State Investment Board acquired a new stake in shares of SoFi Technologies during the 4th quarter worth approximately $1,044,000. Brighton Jones LLC grew its position in shares of SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after buying an additional 14,281 shares during the period. Friedenthal Financial bought a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $926,000. Finally, Alberta Investment Management Corp acquired a new position in SoFi Technologies in the fourth quarter valued at approximately $13,299,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Trading Up 2.6%

The business’s 50 day simple moving average is $17.21 and its 200-day simple moving average is $18.75. 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 stock has a market capitalization of $21.65 billion, a P/E ratio of 38.36 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting 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 net margin of 14.65% and a return on equity of 6.25%. The business’s revenue for the quarter was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

About SoFi Technologies

(Get Free Report)

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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