SoFi Technologies (NASDAQ:SOFI) Stock Price Up 3.3% – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price traded up 3.3% during trading on Monday . The company traded as high as $17.43 and last traded at $17.13. 76,073,153 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 65,657,367 shares. The stock had previously closed at $16.58.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. Morgan Stanley set a $16.00 price objective on SoFi Technologies in a report on Thursday, April 30th. Needham & Company LLC cut their price objective on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Weiss Ratings downgraded SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Barclays reduced their target price on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.56.

SoFi Technologies Stock Up 3.3%

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The firm’s 50-day simple moving average is $16.81 and its two-hundred day simple moving average is $20.82. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 38.93 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter 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 predict that SoFi Technologies, Inc. will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Anthony Noto bought 28,900 shares of the stock in a transaction on Tuesday, March 17th. The shares were bought at an average cost of $17.32 per share, for a total transaction of $500,548.00. Following the completion of the transaction, the chief executive officer owned 11,704,352 shares of the company’s stock, valued at $202,719,376.64. This represents a 0.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 10,037 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total transaction of $155,874.61. Following the transaction, the executive vice president owned 323,247 shares in the company, valued at $5,020,025.91. The trade was a 3.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 124,479 shares of company stock worth $2,163,556. 2.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SOFI. Vanguard Group Inc. boosted its holdings in shares of SoFi Technologies by 6.8% in the 3rd 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 last quarter. Firsthand Capital Management Inc. boosted its holdings in shares of SoFi Technologies by 60.0% in the 3rd quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock valued at $2,114,000 after purchasing an additional 30,000 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of SoFi Technologies by 161.6% in the 4th quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock valued at $23,625,000 after purchasing an additional 557,390 shares during the last quarter. North Dakota State Investment Board acquired a new position in shares of SoFi Technologies in the 4th quarter valued at $1,044,000. Finally, Thoroughbred Financial Services LLC boosted its holdings in shares of SoFi Technologies by 212.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company’s stock valued at $1,060,000 after purchasing an additional 27,283 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

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.