Investors Buy Large Volume of SoFi Technologies Call Options (NASDAQ:SOFI)

Key Points

• Unusually heavy call-option buying hit SoFi Technologies, with investors purchasing 613,068 call options on Friday, about 52% above the average volume. This suggests traders were positioning for more upside in the stock.
• Shares jumped 7.4% to $18.22 on very heavy trading volume, well above the stock’s average daily volume. The move came alongside recent momentum and technical breakout talk in market coverage.
• In its latest earnings report, SoFi met EPS expectations at $0.12 and beat revenue estimates with $1.09 billion, up 42.6% year over year. Analysts currently rate the stock a consensus Hold with an average price target of $22.56.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) was the target of unusually large options trading on Friday. Stock investors acquired 613,068 call options on the stock. This is an increase of approximately 52% compared to the average volume of 402,761 call options.

SoFi Technologies Trading Up 7.4%

SOFI stock traded up $1.25 during trading on Friday, reaching $18.22. 147,417,312 shares of the stock traded hands, compared to its average volume of 64,340,543. The business's 50 day moving average price is $16.67 and its 200-day moving average price is $21.67. SoFi Technologies has a 52-week low of $12.86 and a 52-week high of $32.73. 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 has a market capitalization of $23.37 billion, a PE ratio of 41.41 and a beta of 2.12.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned $0.06 earnings per share. The firm's quarterly revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts forecast that SoFi Technologies will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SOFI shares. UBS Group dropped their price target on SoFi Technologies from $24.50 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 30th. Argus started coverage on SoFi Technologies in a research note on Wednesday, April 15th. They set a "hold" rating on the stock. Wells Fargo & Company dropped their price target on SoFi Technologies from $19.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 9th. Weiss Ratings downgraded SoFi Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday. Finally, Citizens Jmp upgraded SoFi Technologies from a "market perform" rating to an "outperform" rating and set a $30.00 price target on the stock in a research note on Monday, February 9th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.56.

More SoFi Technologies News

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

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,037 shares of the firm'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 sale, the executive vice president owned 323,247 shares of the company's stock, valued at approximately $5,020,025.91. This trade represents a 3.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto bought 15,545 shares of the business's stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the transaction, the chief executive officer directly owned 11,946,619 shares in the company, valued at approximately $191,145,904. This represents a 0.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 124,479 shares of company stock valued at $2,163,556. Corporate insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of SoFi Technologies by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company's stock worth $2,906,061,000 after buying an additional 3,900,895 shares during the period. State Street Corp boosted its position in shares of SoFi Technologies by 6.7% in the fourth quarter. State Street Corp now owns 25,937,928 shares of the company's stock worth $679,055,000 after buying an additional 1,637,430 shares during the period. Geode Capital Management LLC boosted its position in shares of SoFi Technologies by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company's stock worth $618,395,000 after buying an additional 1,951,248 shares during the period. Morgan Stanley boosted its position in shares of SoFi Technologies by 33.6% in the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company's stock worth $348,806,000 after buying an additional 3,350,258 shares during the period. Finally, Norges Bank acquired a new position in shares of SoFi Technologies in the fourth quarter worth about $321,515,000. 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.

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