SoFi Technologies (NASDAQ:SOFI) Stock Price Up 1.3% – Still a Buy?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) were up 1.3% during mid-day trading on Wednesday . The stock traded as high as $18.85 and last traded at $18.53. Approximately 58,683,496 shares traded hands during trading, a decline of 6% from the average daily volume of 62,726,387 shares. The stock had previously closed at $18.29.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SOFI shares. Needham & Company LLC cut their price target on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Truist Financial dropped their price objective on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. UBS Group set a $24.50 price objective on SoFi Technologies in a research report on Monday, February 2nd. JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Tuesday, February 3rd. Finally, Barclays increased their target price on SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.34.

SoFi Technologies Trading Up 1.2%

The company has a 50 day simple moving average of $22.62 and a 200 day simple moving average of $25.81. 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 $23.61 billion, a PE ratio of 48.71 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The business’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,755 shares of SoFi Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $18.87, for a total transaction of $184,076.85. Following the sale, the executive vice president owned 293,725 shares of the company’s stock, valued at $5,542,590.75. The trade was a 3.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven J. Freiberg sold 94,225 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the completion of the sale, the director owned 588,849 shares of the company’s stock, valued at $11,959,523.19. This trade represents a 13.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 214,753 shares of company stock worth $5,045,087 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Valley Wealth Managers Inc. purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $25,000. Blue Trust Inc. lifted its position in SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after buying an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. boosted 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 worth $26,000 after buying an additional 739 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in SoFi Technologies during the fourth quarter worth $28,000. Finally, Reflection Asset Management purchased a new stake in SoFi Technologies in the 4th quarter valued at $28,000. 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.