SoFi Technologies (NASDAQ:SOFI) Stock Price Up 1.2% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI) was up 1.2% during trading on Wednesday . The company traded as high as $16.69 and last traded at $16.17. 65,763,360 shares were traded during mid-day trading, an increase of 3% from the average session volume of 63,669,660 shares. The stock had previously closed at $15.98.

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, 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

Analyst Ratings Changes

SOFI has been the subject of a number of recent research reports. Argus assumed coverage on shares of SoFi Technologies in a research note on Wednesday, April 15th. They issued a “hold” rating for the company. Stephens lowered their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings cut shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Citigroup decreased their price objective on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods lowered their price objective on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a research note on Thursday, April 9th. 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Trading Up 7.5%

The company’s fifty day moving average price is $16.67 and its two-hundred day moving average price is $21.67. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The company has a market cap of $23.39 billion, a price-to-earnings ratio of 41.13 and a beta of 2.12.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $0.06 EPS. SoFi Technologies’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. Research analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Cozad Asset Management Inc. acquired a new stake in shares of SoFi Technologies in the 1st quarter valued at $334,000. Vestor Capital LLC increased its position in SoFi Technologies by 549.3% in the first quarter. Vestor Capital LLC now owns 6,532 shares of the company’s stock worth $104,000 after purchasing an additional 5,526 shares during the period. BankChampaign National Association bought a new stake in SoFi Technologies during the 1st quarter worth about $254,000. Norris Financial Group LLC bought a new stake in SoFi Technologies during the 1st quarter worth about $828,000. Finally, Western Wealth Management LLC acquired a new position in SoFi Technologies during the 1st quarter valued at about $110,000. 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.