SoFi Technologies (NASDAQ:SOFI) Shares Up 7.4% – Time to Buy?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) rose 7.4% during mid-day trading on Friday . The company traded as high as $18.59 and last traded at $18.22. Approximately 149,528,935 shares were traded during trading, an increase of 132% from the average daily volume of 64,570,246 shares. The stock had previously closed at $16.97.

Key Headlines 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, and made it available to roughly 15 million customers, giving the company a new crypto-adjacent product and another way to deepen engagement inside its app. Article Title
• Positive Sentiment: Investors appear to be rewarding the company’s expanding ecosystem, with coverage highlighting strong growth in members and products, which supports the view that SoFi is broadening its financial platform beyond lending. Article Title
• Positive Sentiment: The stock also drew unusual call-option buying, suggesting traders are positioning for further upside and reinforcing the recent momentum trade.
• Neutral Sentiment: Some commentary noted that SoFi’s stablecoin could face scaling headwinds over time, which may limit enthusiasm if adoption or usage growth proves slower than expected. Article Title
• Neutral Sentiment: Analyst and market coverage also emphasized that the recent move is being driven in part by a technical breakout and momentum recovery after a sharp year-to-date decline, rather than by a single fundamental earnings update. Article Title

Wall Street Analyst Weigh In

SOFI has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, May 12th. Stephens lowered their price target on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Finally, Citigroup lowered their price target on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. 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.com, the stock has a consensus rating of “Hold” and an average price target of $22.56.

SoFi Technologies Stock Performance

The firm has a market cap of $23.37 billion, a PE ratio of 41.41 and a beta of 2.12. The firm has a 50-day moving average price of $16.67 and a two-hundred day moving average price of $21.67. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Research analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Insider Activity

In other news, CTO Jeremy Rishel sold 94,958 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value of $1,655,117.94. Following the transaction, the chief technology officer owned 839,640 shares in the company, valued at $14,634,925.20. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 10,037 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total value of $155,874.61. Following the completion of the transaction, the executive vice president owned 323,247 shares in the company, valued at approximately $5,020,025.91. This trade represents a 3.01% decrease in their position. 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. Insiders have sold a total of 124,479 shares of company stock worth $2,163,556 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies in the fourth quarter valued at $25,000. Blue Trust Inc. grew 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 worth $26,000 after purchasing an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. grew 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 worth $26,000 after purchasing an additional 739 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in SoFi Technologies during the 4th quarter worth $28,000. Finally, Reflection Asset Management acquired a new position in SoFi Technologies during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

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.