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

Key Points

• SoFi shares rose 4.9% in Thursday trading, reaching as high as $17.08 on heavier-than-usual volume. The move came as the stock benefited from upbeat news flow, especially around its digital-banking expansion.
• SoFi launched SoFiUSD, a bank-issued U.S. dollar stablecoin, inside its app for nearly 15 million members. The rollout makes SoFi an early mover in consumer banking crypto adoption and could create new engagement and fee opportunities.
• Despite the rally, analyst sentiment remains cautious: the stock has a consensus “Hold” rating, and several firms have recently cut price targets. The company also continues to draw mixed signals from insiders, with CEO Anthony Noto buying shares while another executive sold stock.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price shot up 4.9% during mid-day trading on Thursday . The company traded as high as $17.08 and last traded at $16.97. 68,738,062 shares were traded during trading, an increase of 8% from the average session 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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SOFI. Keefe, Bruyette & Woods dropped their target price on shares of SoFi Technologies from $20.00 to $17.00 and set an "underperform" rating on the stock in a research report on Thursday, April 9th. Barclays dropped their target price 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. UBS Group dropped their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company dropped their target price on shares of SoFi Technologies from $19.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 9th. Finally, Argus assumed coverage on shares of SoFi Technologies in a report on Wednesday, April 15th. They set a "hold" rating on the stock. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $22.56.

SoFi Technologies Stock Performance

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 company's fifty day simple moving average is $16.67 and its two-hundred day simple moving average is $21.75. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 38.57 and a beta of 2.12.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate 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 quarter in the prior year, the company posted $0.06 earnings per share. The business's revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,037 shares of the company's stock in a transaction 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 sale, the executive vice president owned 323,247 shares in the company, valued at $5,020,025.91. This represents a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto bought 15,545 shares of SoFi Technologies stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $16.00 per share, with a total value 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. This represents a 0.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 124,479 shares of company stock worth $2,163,556 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of SoFi Technologies

Several institutional investors have recently made changes to their positions in SOFI. Norges Bank bought a new stake in shares of SoFi Technologies in the 4th quarter worth $321,515,000. Vanguard Group Inc. grew its stake in shares of SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock worth $2,829,640,000 after acquiring an additional 6,814,727 shares in the last quarter. State Street Corp grew its position in SoFi Technologies by 30.7% during the third quarter. State Street Corp now owns 24,300,498 shares of the company's stock valued at $642,019,000 after buying an additional 5,708,053 shares during the period. Marshall Wace LLP grew its position in SoFi Technologies by 372.9% during the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company's stock valued at $174,116,000 after buying an additional 5,244,291 shares during the period. Finally, Morgan Stanley grew its position in SoFi Technologies by 33.6% during the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company's stock valued at $348,806,000 after buying an additional 3,350,258 shares during the period. 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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