SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) was the target of unusually large options trading on Friday. Stock traders bought 613,068 call options on the stock. This represents an increase of approximately 52% compared to the typical daily volume of 402,761 call options.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on SOFI. 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 research note on Thursday, April 30th. Truist Financial cut their price objective on SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, May 12th. Wells Fargo & Company cut their price objective on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Citizens Jmp upgraded SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Monday, February 9th. Finally, Stephens cut their price objective on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and a consensus price target of $22.56.
Read Our Latest Analysis on SoFi Technologies
SoFi Technologies Stock Performance
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $0.06 EPS. The firm’s revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts expect that SoFi Technologies will post 0.59 EPS for the current year.
Insider Buying and Selling
In related news, CTO Jeremy Rishel sold 94,958 shares of the business’s stock in a transaction dated 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 transaction, the chief technology officer owned 839,640 shares in the company, valued at approximately $14,634,925.20. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony Noto acquired 28,900 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were purchased at an average price of $17.32 per share, for a total transaction of $500,548.00. Following the purchase, the chief executive officer directly owned 11,704,352 shares of the company’s stock, valued at $202,719,376.64. This represents a 0.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 124,479 shares of company stock worth $2,163,556. 2.60% of the stock is currently owned by corporate insiders.
Institutional Trading of SoFi Technologies
Several large investors have recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. acquired a new stake in SoFi Technologies in the 4th quarter valued at approximately $25,000. Blue Trust Inc. boosted its stake in SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after purchasing an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. boosted its stake in SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in SoFi Technologies during the fourth quarter worth about $28,000. Finally, Reflection Asset Management acquired a new position in SoFi Technologies during the fourth quarter worth about $28,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.
Key SoFi Technologies News
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: SoFi launched SoFiUSD, a bank-issued U.S. dollar stablecoin, and made it available to roughly 15 million customers, giving the company a new crypto-adjacent product and another way to deepen engagement inside its app. Article Title
- Positive Sentiment: Investors appear to be rewarding the company’s expanding ecosystem, with coverage highlighting strong growth in members and products, which supports the view that SoFi is broadening its financial platform beyond lending. Article Title
- Positive Sentiment: The stock also drew unusual call-option buying, suggesting traders are positioning for further upside and reinforcing the recent momentum trade.
- Neutral Sentiment: Some commentary noted that SoFi’s stablecoin could face scaling headwinds over time, which may limit enthusiasm if adoption or usage growth proves slower than expected. Article Title
- Neutral Sentiment: Analyst and market coverage also emphasized that the recent move is being driven in part by a technical breakout and momentum recovery after a sharp year-to-date decline, rather than by a single fundamental earnings update. Article Title
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.
Read More
- Five stocks we like better than SoFi Technologies
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
- Apple’s Agentic AI Plans Could Be Its Biggest Growth Story Yet
Receive News & Ratings for SoFi Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoFi Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
