SoFi Technologies (NASDAQ:SOFI) Stock Price Up 1.3% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price rose 1.3% during trading on Wednesday . The stock traded as high as $18.85 and last traded at $18.53. Approximately 58,683,496 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 62,726,387 shares. The stock had previously closed at $18.29.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Bank of America initiated coverage on shares of SoFi Technologies in a research report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 target price on the stock. The Goldman Sachs Group lowered their price objective on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Needham & Company LLC dropped their price objective on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Barclays upped their target price on SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and a consensus price target of $26.34.

SoFi Technologies Stock Performance

The firm’s 50 day simple moving average is $22.62 and its 200 day simple moving average is $25.81. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 48.71 and a beta of 2.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78.

SoFi Technologies (NASDAQ:SOFI) last released 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business’s quarterly 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. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, General Counsel Robert S. Lavet acquired 5,000 shares of SoFi Technologies stock in a transaction on Friday, February 6th. The stock was acquired at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the purchase, the general counsel owned 17,172 shares of the company’s stock, valued at approximately $361,298.88. This represents a 41.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Freiberg sold 94,225 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was 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 owned 588,849 shares in the company, valued at $11,959,523.19. The trade was a 13.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 214,753 shares of company stock worth $5,045,087 in the last three months. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC increased its holdings in shares of SoFi Technologies by 25.3% during the 4th quarter. Corient Private Wealth LLC now owns 182,608 shares of the company’s stock valued at $4,781,000 after purchasing an additional 36,874 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in SoFi Technologies by 14.8% during the fourth quarter. Hsbc Holdings PLC now owns 419,105 shares of the company’s stock worth $10,992,000 after buying an additional 53,941 shares in the last quarter. Pure Financial Advisors LLC acquired a new stake in SoFi Technologies during the fourth quarter valued at $315,000. SHP Wealth Management purchased a new position in SoFi Technologies in the fourth quarter valued at $36,000. Finally, Tulsa Wealth Advisors INC purchased a new position in SoFi Technologies in the fourth quarter valued at $201,000. Institutional investors and hedge funds 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.