SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) shares were down 1.8% during mid-day trading on Thursday . The company traded as low as $15.83 and last traded at $16.00. Approximately 54,170,045 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 63,967,188 shares. The stock had previously closed at $16.30.
Key Stories Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: SoFi’s Q1 results showed accelerating growth, record new customer additions, strong loan originations, and improving profitability, reinforcing the case that the business is still scaling well. SoFi Just Reported 1 Number That Should Be on Every Investor’s Radar
- Positive Sentiment: Analysts and market commentators highlighted that SoFi’s first quarter featured strong member growth and revenue expansion, with some coverage describing the stock as a buy after the results. Is SoFi Technologies Stock a Buy After Its Strong Q1 2026 Earnings?
- Positive Sentiment: One bullish note pointed to SoFi’s record-breaking quarter, 35% member growth, and robust cross-selling, suggesting the company is expanding into higher-margin lending products while keeping capital ratios healthy. SoFi: Buying The Drawdown After A Record-Breaking Q1
- Neutral Sentiment: Coverage also noted that SoFi maintained its full-year guidance instead of raising it, which may have disappointed some investors even though the underlying results were strong. Is Now the Best Time to Buy SoFi Stock or the Worst?
- Neutral Sentiment: Another article focused on a key operating metric that investors are watching closely, reinforcing that the market is evaluating SoFi on execution and sustainability rather than just growth headlines. 1 Number That Should Change the Way You Think About SoFi Stock
- Negative Sentiment: Some investors are concerned that rising personal-loan charge-offs could weigh on credit quality, even though management says losses remain within tolerance. SoFi: Buying The Drawdown After A Record-Breaking Q1
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on SOFI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. Citigroup decreased their target price on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. JPMorgan Chase & Co. upgraded shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Tuesday, February 3rd. Finally, Morgan Stanley set a $16.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.72.
SoFi Technologies Stock Down 1.6%
The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The company has a market capitalization of $20.09 billion, a price-to-earnings ratio of 35.80 and a beta of 2.12. The stock’s fifty day simple moving average is $17.44 and its two-hundred day simple moving average is $23.09.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.63%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company earned $0.06 EPS. SoFi Technologies’s revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current year.
Insider Buying and Selling at SoFi Technologies
In other SoFi Technologies news, EVP Kelli Keough sold 9,742 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $19.25, for a total value of $187,533.50. Following the completion of the sale, the executive vice president directly owned 333,284 shares of the company’s stock, valued at approximately $6,415,717. This represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 94,958 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the completion of the sale, the chief technology officer directly owned 839,640 shares of the company’s stock, valued at $14,634,925.20. The trade was a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 124,197 shares of company stock valued at $2,191,758. 2.60% of the stock is owned by insiders.
Institutional Trading of SoFi Technologies
A number of hedge funds have recently bought and sold shares of SOFI. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies during the fourth quarter valued at about $25,000. Blue Trust Inc. lifted its stake in SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after buying an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. lifted its stake in SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 739 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in SoFi Technologies during the fourth quarter valued at about $28,000. Finally, Reflection Asset Management purchased a new stake in SoFi Technologies during the fourth quarter valued at about $28,000. 38.43% of the stock is owned by hedge funds and other institutional investors.
About SoFi Technologies
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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