SoFi Technologies (NASDAQ:SOFI) Shares Up 4.9% – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares rose 4.9% on Thursday . The stock traded as high as $17.08 and last traded at $16.97. Approximately 68,738,062 shares changed hands during trading, an increase of 8% from the average daily volume of 63,724,191 shares. The stock had previously closed at $16.17.

Key Stories Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: SoFi launched SoFiUSD, a bank-issued U.S. dollar stablecoin, directly inside its app for nearly 15 million members, making it available to buy, sell, hold, and convert within the banking platform. The move positions SoFi as an early mover in consumer banking crypto adoption and could open new fee and engagement opportunities. Article Title
• Positive Sentiment: News that SoFiUSD is the first stablecoin issued by a U.S. national bank to launch on a banking app has added to the bullish narrative around SoFi’s technology platform and digital-banking expansion. Article Title
• Positive Sentiment: CEO Anthony Noto has been buying SoFi shares on the open market multiple times this year, which investors often interpret as a sign of management confidence in the company’s outlook and valuation. Article Title
• Neutral Sentiment: SoFi’s Galileo payments platform continues to show growth in debit spending, reinforcing the longer-term fintech story, though this is less of an immediate stock catalyst than the stablecoin launch. Article Title
• Negative Sentiment: Some commentary continues to frame SoFi as a volatile “battleground” stock, and recent articles note that investors still have concerns about execution and valuation despite the company’s growth story. Article Title

Analyst Ratings Changes

SOFI has been the subject of several research reports. Argus initiated coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They set a “hold” rating for the company. 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. TD Cowen lowered their price target on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Keefe, Bruyette & Woods lowered their price target on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Finally, Weiss Ratings downgraded shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Stock Performance

The stock has a market capitalization of $21.77 billion, a PE ratio of 38.57 and a beta of 2.12. 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 business’s fifty day moving average price is $16.67 and its 200-day moving average price is $21.75.

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

Insider Activity at SoFi Technologies

In related news, CEO Anthony Noto bought 15,545 shares of the 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 completion of the purchase, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at $191,145,904. This trade represents a 0.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $14,634,925.20. This represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 124,479 shares of company stock valued at $2,163,556 over the last three months. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of SOFI. Norges Bank purchased a new stake in SoFi Technologies in the fourth quarter valued at approximately $321,515,000. Vanguard Group Inc. raised its stake in SoFi Technologies by 6.8% in the third 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 in the last quarter. State Street Corp raised its stake in SoFi Technologies by 30.7% in the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after purchasing an additional 5,708,053 shares in the last quarter. Marshall Wace LLP raised its stake in SoFi Technologies by 372.9% in the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock valued at $174,116,000 after purchasing an additional 5,244,291 shares in the last quarter. Finally, Morgan Stanley raised its stake in SoFi Technologies by 33.6% in the fourth 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 in 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.