SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report)’s share price shot up 2% during trading on Monday . The stock traded as high as $18.80 and last traded at $18.58. 95,896,526 shares were traded during trading, an increase of 48% from the average session volume of 64,891,320 shares. The stock had previously closed at $18.22.
More SoFi Technologies News
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: SOFI climbed about 17% over five trading days, with unusually heavy volume on the last session, suggesting strong buying interest and possible institutional conviction behind the move. What’s Happening With SOFI Stock?
- Positive Sentiment: Retail and market watchers are discussing SoFi as a potential future S&P 500 addition, which can fuel speculative demand if investors start pricing in index inclusion. Could SoFi Stock Finally Be The Next S&P 500 Addition? Here’s What Retail Thinks
- Positive Sentiment: SoFi is getting more investor attention online, which often supports near-term trading momentum in high-beta stocks like SOFI. Investors Heavily Search SoFi Technologies, Inc. (SOFI): Here is What You Need to Know
- Positive Sentiment: Commentary highlighting SoFi’s shift from student loans to a broader fintech platform is reinforcing the bullish long-term narrative for the company. Inside SoFi’s shocking transformation from student loan company to fintech powerhouse
- Neutral Sentiment: Articles questioning whether SOFI can double this year may not move fundamentals, but they keep the stock in focus and underscore how much optimism is already embedded in the name. Prediction: Will SoFi Stock Double This Year?
Wall Street Analyst Weigh In
Several research firms have recently commented on SOFI. Weiss Ratings cut shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Keefe, Bruyette & Woods lowered their price target on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. UBS Group lowered their price target on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. TD Cowen lowered their price target on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Finally, Mizuho set a $29.00 price target on shares of SoFi Technologies in a report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.56.
SoFi Technologies Stock Performance
The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The firm’s 50 day moving average is $16.69 and its 200-day moving average is $21.59. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 42.23 and a beta of 2.14.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $0.06 EPS. SoFi Technologies’s quarterly revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.
Insider Activity at SoFi Technologies
In other SoFi Technologies news, EVP Kelli Keough sold 10,037 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total transaction of $155,874.61. Following the completion of the transaction, the executive vice president owned 323,247 shares of the company’s stock, valued at $5,020,025.91. The trade was a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto bought 15,545 shares of the business’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $16.00 per share, with a total value of $248,720.00. Following the transaction, the chief executive officer owned 11,946,619 shares in the company, valued at approximately $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 124,479 shares of company stock valued at $2,163,556. Insiders own 2.60% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. 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 worth $2,906,061,000 after acquiring an additional 3,900,895 shares during the last quarter. State Street Corp lifted its position in SoFi Technologies by 6.7% during the 4th quarter. State Street Corp now owns 25,937,928 shares of the company’s stock worth $679,055,000 after acquiring an additional 1,637,430 shares during the last quarter. Geode Capital Management LLC lifted its position in SoFi Technologies by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock worth $618,395,000 after acquiring an additional 1,951,248 shares during the last quarter. Morgan Stanley lifted its position in 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 acquiring an additional 3,350,258 shares during the last quarter. Finally, Norges Bank acquired a new position in SoFi Technologies during the 4th quarter worth $321,515,000. Institutional investors and hedge funds 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.
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