SoFi Technologies (NASDAQ:SOFI) Trading Up 5.1% - Here's Why

Key Points

• Shares of SoFi jumped 5.1% to $17.05 midday on Monday, with about 49.97 million shares traded—roughly 20% below its average daily volume.
• Analysts are mixed: the consensus rating is Hold with a $25.09 average price target after several recent cuts (7 Buy, 9 Hold, 3 Sell).
• SoFi beat Q4 estimates with $1.01B in revenue (+39.6% YoY) and $0.13 EPS, provided modest Q1/FY2026 EPS guidance, saw insider buying (CEO Anthony Noto purchased ~28,900 shares), and continues to attract large institutional stakes (institutions own ~38.4%).

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) were up 5.1% during mid-day trading on Monday . The company traded as high as $17.06 and last traded at $17.05. Approximately 49,965,706 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 62,494,992 shares. The stock had previously closed at $16.22.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SOFI shares. Needham & Company LLC decreased their price target on shares of SoFi Technologies from $36.00 to $33.00 and set a "buy" rating for the company in a research note on Monday, February 2nd. UBS Group set a $24.50 price target on shares of SoFi Technologies in a research note on Monday, February 2nd. 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. The Goldman Sachs Group cut their price objective on shares of SoFi Technologies from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, January 6th. Finally, Bank of America assumed coverage on shares of SoFi Technologies in a report on Tuesday, January 6th. They issued an "underperform" rating and a $20.50 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and a consensus price target of $25.09.

SoFi Technologies Trading Up 5.1%

The firm has a market cap of $21.74 billion, a PE ratio of 44.87 and a beta of 2.24. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $18.18 and its two-hundred day simple moving average is $24.19.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $984.75 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. The business's revenue was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In other news, CEO Anthony Noto purchased 28,900 shares of the business's stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of $17.32 per share, for a total transaction of $500,548.00. Following the completion of the acquisition, the chief executive officer directly owned 11,704,352 shares in the company, valued at $202,719,376.64. This represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Robert S. Lavet purchased 5,000 shares of the business's stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the acquisition, the general counsel owned 17,172 shares of the company's stock, valued at approximately $361,298.88. The trade was a 41.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 38,900 shares of company stock valued at $705,398 and have sold 218,148 shares valued at $4,161,735. Corporate insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On SoFi Technologies

A number of institutional investors have recently made changes to their positions in SOFI. Norges Bank purchased a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $321,515,000. Vanguard Group Inc. boosted its holdings in SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock worth $2,829,640,000 after purchasing an additional 6,814,727 shares during the last quarter. State Street Corp boosted its holdings in SoFi Technologies by 30.7% in the third quarter. State Street Corp now owns 24,300,498 shares of the company's stock worth $642,019,000 after purchasing an additional 5,708,053 shares during the last quarter. Marshall Wace LLP boosted its holdings in SoFi Technologies by 372.9% in the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company's stock worth $174,116,000 after purchasing an additional 5,244,291 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in 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 purchasing an additional 3,350,258 shares during the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.