SoFi Technologies (NASDAQ:SOFI) Shares Up 1.2% - Should You Buy?

Key Points

• SoFi shares rose 1.2% on Wednesday, trading near $16.17 after reaching an intraday high of $16.69, with volume slightly above average.
• The biggest catalyst is SoFiUSD, a new stablecoin now available to nearly 15 million members, which lets users buy, sell, hold, and convert it inside the app. Investors see potential for future fee revenue and broader blockchain-based banking use cases, though adoption remains uncertain.
• Wall Street remains cautious overall, with a consensus rating of “Hold” and an average price target of $22.56. Recent analyst targets have been trimmed, even as SoFi posted solid quarterly results with revenue up 42.6% year over year.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price rose 1.2% during trading on Wednesday . The company traded as high as $16.69 and last traded at $16.17. Approximately 65,763,360 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 63,669,660 shares. The stock had previously closed at $15.98.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFiUSD is now available to SoFi’s nearly 15 million members, who can buy, sell, hold, and convert the stablecoin to U.S. dollars inside the app, expanding the company’s product set and deepening user engagement. Article: SoFiUSD Becomes the First Stablecoin Issued by a US National Bank to Launch on a Banking Platform
• Positive Sentiment: Investors are also reacting to the possibility that SoFiUSD could support future fee revenue, tokenized deposits, and cross-border transfer use cases, positioning SoFi as an early mover in blockchain-based consumer banking. Article: SoFiUSD Stablecoin Puts Tokenized Banking And Fees In Investor Focus
• Positive Sentiment: Commentary around the launch suggests the rollout could benefit from the new regulatory environment, with analysts and crypto advocates pointing to the GENIUS Act framework as a tailwind for bank-backed stablecoin adoption. Article: SOFI Stock Gains After SoFiUSD Stablecoin Rollout On Ethereum, Solana
• Neutral Sentiment: Some market coverage is framing the move as experimental and asking whether customers will meaningfully use the stablecoin, so the long-term revenue impact is still uncertain. Article: SoFi Launches Stablecoin to Consumers as Crypto Push Continues. Will People Use It?
• Negative Sentiment: Separately, some commentary continues to highlight SoFi as a “battleground” stock and points to valuation, dilution, and competition concerns, which may temper enthusiasm if the stablecoin launch does not drive rapid adoption. Article: SoFi vs. OppFi: Which Fintech Stock Should Investors Consider Buying?

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. The Goldman Sachs Group reiterated a "neutral" rating and issued a $17.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Barclays cut their price objective on shares of SoFi Technologies from $28.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Monday, April 6th. Morgan Stanley set a $16.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Argus began coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They set a "hold" rating on the stock. Finally, UBS Group reduced their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, SoFi Technologies currently has a consensus rating of "Hold" and an average target price of $22.56.

SoFi Technologies Stock Up 1.2%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 36.75 and a beta of 2.12. The business's 50-day moving average is $16.70 and its two-hundred day moving average is $21.83.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data 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 net margin of 14.65% and a return on equity of 6.25%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $0.06 earnings per share. The firm's revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In related news, CEO Anthony Noto acquired 15,545 shares of the company's stock in a transaction on 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 purchase, the chief executive officer owned 11,946,619 shares in the company, valued at approximately $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 94,958 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total value of $1,655,117.94. Following the sale, the chief technology officer directly owned 839,640 shares of the company's stock, valued at approximately $14,634,925.20. This represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 124,479 shares of company stock valued at $2,163,556. 2.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in shares of SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock valued at $11,077,000 after acquiring an additional 14,281 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of SoFi Technologies during the first quarter valued at approximately $129,000. Empowered Funds LLC increased its stake in shares of SoFi Technologies by 5.2% during the first quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock valued at $385,000 after buying an additional 1,631 shares during the period. Franklin Resources Inc. increased its stake in shares of SoFi Technologies by 23.2% during the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company's stock valued at $251,000 after buying an additional 2,596 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in SoFi Technologies in the second quarter worth $4,633,000. Institutional investors own 38.43% of the company's stock.

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.

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