SoFi Technologies (NASDAQ:SOFI) Trading Up 1.7% - Should You Buy?

Key Points

• SoFi shares were up 1.7% to $16.30 on Wednesday with volume down ~13% versus average, and the stock is trading below its 50‑day ($17.53) and 200‑day ($23.24) moving averages with a market cap of about $20.8B.
• Analysts hold a consensus rating of Hold with a consensus target of $22.72, after mixed analyst actions including price cuts from Barclays, Citi and TD Cowen and an upgrade from JPMorgan.
• SoFi beat revenue estimates in the latest quarter ($1.09B vs. $1.05B) with revenue up 42.6% YoY and EPS of $0.12 meeting estimates, and it set FY2026 guidance around 0.60 EPS, though liquidity metrics remain weak (current ratio 0.78, quick ratio 0.18).

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price was up 1.7% during trading on Wednesday . The company traded as high as $16.50 and last traded at $16.30. Approximately 55,596,002 shares changed hands during trading, a decline of 13% from the average daily volume of 64,079,180 shares. The stock had previously closed at $16.02.

Analyst Upgrades and Downgrades

SOFI has been the topic of several research reports. Weiss Ratings reissued a "hold (c)" rating on shares of SoFi Technologies in a report on Thursday, January 22nd. 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 report on Monday, April 6th. Citigroup cut their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a report on Monday. TD Cowen cut their price objective 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. Finally, JPMorgan Chase & Co. raised shares of SoFi Technologies from a "neutral" rating to an "overweight" rating and set a $31.00 price objective on the stock in a report on Tuesday, February 3rd. 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 presently has a consensus rating of "Hold" and a consensus target price of $22.72.

SoFi Technologies Trading Up 1.7%

The company has a market capitalization of $20.79 billion, a PE ratio of 37.05 and a beta of 2.12. The company's fifty day moving average is $17.53 and its 200-day moving average is $23.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced 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 company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.63%. SoFi Technologies's revenue was up 42.6% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, Director Steven J. Freiberg sold 94,225 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $20.31, for a total value of $1,913,709.75. Following the completion of the sale, the director directly owned 588,849 shares in the company, valued at $11,959,523.19. This trade represents a 13.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Robert S. Lavet bought 5,000 shares of the stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $21.04 per share, with a total value of $105,200.00. Following the completion of the purchase, the general counsel owned 17,172 shares of the company's stock, valued at $361,298.88. This represents a 41.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 38,900 shares of company stock valued at $705,398 and sold 218,422 shares valued at $4,105,468. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of SoFi Technologies by 6.8% during the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock worth $2,829,640,000 after buying an additional 6,814,727 shares during the period. Firsthand Capital Management Inc. lifted its stake in shares of SoFi Technologies by 60.0% during the third quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company's stock worth $2,114,000 after buying an additional 30,000 shares during the period. SG Americas Securities LLC lifted its stake in shares of SoFi Technologies by 161.6% during the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company's stock worth $23,625,000 after buying an additional 557,390 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of SoFi Technologies by 212.2% during the third quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company's stock worth $1,060,000 after buying an additional 27,283 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of SoFi Technologies by 15.2% during the third quarter. Jones Financial Companies Lllp now owns 458,703 shares of the company's stock worth $12,835,000 after buying an additional 60,676 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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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