SoFi Technologies (NASDAQ:SOFI) Trading Up 4.9% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price shot up 4.9% on Wednesday . The company traded as high as $18.82 and last traded at $18.79. 69,674,104 shares changed hands during trading, an increase of 11% from the average session volume of 62,532,547 shares. The stock had previously closed at $17.91.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: Unusual options flow: Traders purchased roughly 612,015 SOFI call options today (about a 53% increase versus typical daily call volume), signaling sizable bullish positioning that likely lifted intraday buying interest.
• Positive Sentiment: FedNow payments capability: Galileo enabling SoFi to send and receive FedNow payments expands SoFi’s payments product set and could improve customer experience and engagement, supporting growth expectations. Galileo Enables SoFi to Send and Receive FedNow® Service Payments
• Positive Sentiment: Bullish commentary: Recent bullish writeups (e.g., Seeking Alpha arguing SOFI is a buy‑the‑dip) have circulated, reinforcing investor conviction among growth/value‑seeking traders. SoFi: This Fintech Leader Is Ready To Rebound
• Neutral Sentiment: Investor attention stories: Aggregators (Zacks/Yahoo) highlight rising investor interest and summarize fundamentals and risks, which can increase trading volume but are informational rather than catalytic. SoFi Technologies, Inc. (SOFI) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Marketing/brand initiative: SoFi launched an “Amplify Your Ambitions” contest with CMA and Kelsea Ballerini, a consumer‑facing PR event that can boost brand awareness but has limited immediate revenue impact. SoFi, Kelsea Ballerini, and CMA Launch Amplify Your Ambitions Contest
• Neutral Sentiment: ETF distributions: SoFi announced monthly distributions for its SoFi Enhanced Yield ETF (THTA); relevant for the asset‑management business but not a direct driver of SOFI stock moves. SoFi Announces Monthly Distributions on $THTA (10.00%)
• Negative Sentiment: Goldman Sachs trimmed its price target from $25 to $20 and reiterated a neutral stance, reducing upside implied by prior estimates and weighing on analyst sentiment. Goldman Sachs lowers price target
• Negative Sentiment: Short‑seller attack: A public letter from short‑seller Carson Block comparing SoFi to Enron introduces reputational risk and could prompt heightened volatility and selling pressure from cautious investors. Short‑seller Carson Block compares SoFi to Enron

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SOFI. Barclays reduced their target price 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. Truist Financial cut their target price on shares of SoFi Technologies from $28.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. The Goldman Sachs Group cut their price objective on SoFi Technologies from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday. Bank of America started coverage on SoFi Technologies in a research note on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.85.

SoFi Technologies Stock Performance

The stock has a 50 day moving average of $18.01 and a 200 day moving average of $24.05. The company has a market capitalization of $23.96 billion, a price-to-earnings ratio of 49.45 and a beta of 2.24. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity

In other SoFi Technologies news, CEO Anthony Noto bought 28,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of $17.32 per share, for a total transaction of $500,548.00. Following the transaction, the chief executive officer directly owned 11,704,352 shares in the company, valued at approximately $202,719,376.64. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value of $1,655,117.94. Following the sale, the chief technology officer directly owned 839,640 shares of the company’s stock, valued at $14,634,925.20. This represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders acquired 38,900 shares of company stock worth $705,398 and sold 218,148 shares worth $4,161,735. 2.60% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in SoFi Technologies in the fourth quarter worth $321,515,000. Vanguard Group Inc. raised its holdings in shares of SoFi Technologies by 6.8% during the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after purchasing an additional 6,814,727 shares during the period. State Street Corp raised its holdings in shares of SoFi Technologies by 30.7% during the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after purchasing an additional 5,708,053 shares during the period. Marshall Wace LLP boosted its position in shares of SoFi Technologies by 372.9% during the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after purchasing an additional 5,244,291 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of SoFi Technologies by 33.6% during the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after purchasing an additional 3,350,258 shares in the last quarter. Institutional investors 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.