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

SoFi Technologies, Inc. (NASDAQ:SOFI) rose 3.4% during mid-day trading on Friday . The company traded as high as $17.97 and last traded at $17.88. 89,985,938 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 67,704,352 shares. The stock had previously closed at $17.30.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SOFI shares. Argus assumed coverage on shares of SoFi Technologies in a research note on Wednesday, April 15th. They set a “hold” rating on the stock. Stephens reduced their price objective on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. UBS Group decreased their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Needham & Company LLC lowered their target price on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods cut their target price on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. 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. Based on data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and an average price target of $22.56.

SoFi Technologies Stock Performance

The company has a market cap of $22.94 billion, a P/E ratio of 40.64 and a beta of 2.14. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $16.99 and its 200 day moving average price is $20.10.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. SoFi Technologies’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the transaction, the chief technology officer owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Anthony Noto acquired 15,545 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $16.00 per share, with a total value of $248,720.00. Following the transaction, the chief executive officer directly owned 11,946,619 shares in the company, valued at $191,145,904. The trade was a 0.13% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 134,044 shares of company stock valued at $2,370,056 in the last quarter. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $25,000. Blue Trust Inc. raised 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 during the last quarter. Vermillion Wealth Management Inc. raised 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 during the last quarter. Central Pacific Bank Trust Division bought a new stake in SoFi Technologies in the 4th quarter valued at $28,000. Finally, Reflection Asset Management bought a new stake in SoFi Technologies in the 4th quarter valued at $28,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.