SoFi Technologies (NASDAQ:SOFI) Trading Up 3.4% – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price traded up 3.4% during trading on Wednesday . The company traded as high as $19.62 and last traded at $19.29. 66,999,448 shares traded hands during trading, an increase of 12% from the average session volume of 59,767,539 shares. The stock had previously closed at $18.66.

Analysts Set New Price Targets

A number of analysts have issued reports on SOFI shares. Mizuho set a $38.00 price target on shares of SoFi Technologies in a research note on Thursday, October 30th. The Goldman Sachs Group cut their target price on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. UBS Group set a $24.50 price target on shares of SoFi Technologies in a research report on Monday, February 2nd. Bank of America began coverage on shares of SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price target for the company. Finally, Truist Financial reduced their price objective on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating, eight have given 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 an average price target of $26.34.

SoFi Technologies Stock Performance

The stock’s 50-day simple moving average is $24.25 and its 200 day simple moving average is $26.15. The company has a market capitalization of $23.26 billion, a PE ratio of 50.76 and a beta of 2.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78.

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

Insiders Place Their Bets

In related news, EVP Eric Schuppenhauer acquired 5,000 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were bought at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the acquisition, the executive vice president owned 228,768 shares in the company, valued at $4,559,346.24. This trade represents a 2.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven J. Freiberg sold 94,225 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the sale, the director owned 588,849 shares of the company’s stock, valued at $11,959,523.19. This represents a 13.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 214,753 shares of company stock worth $5,045,087. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in SoFi Technologies by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after acquiring an additional 3,900,895 shares in the last quarter. State Street Corp lifted its holdings in shares of SoFi Technologies by 6.7% in the 4th quarter. State Street Corp now owns 25,937,928 shares of the company’s stock valued at $679,055,000 after purchasing an additional 1,637,430 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of SoFi Technologies by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock valued at $618,395,000 after purchasing an additional 1,951,248 shares during the last quarter. Morgan Stanley boosted its position in shares of SoFi Technologies by 33.6% in the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after purchasing an additional 3,350,258 shares during the period. Finally, Norges Bank purchased a new position in SoFi Technologies during the 4th quarter worth approximately $321,515,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.