SoFi Technologies (NASDAQ:SOFI) Stock Price Up 1.5% – Here’s Why

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) shot up 1.5% on Monday . The company traded as high as $17.41 and last traded at $17.15. 70,215,229 shares traded hands during trading, an increase of 7% from the average session volume of 65,397,020 shares. The stock had previously closed at $16.90.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SOFI shares. Bank of America started coverage on SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price objective on the stock. UBS Group set a $24.50 price target on SoFi Technologies in a report on Monday, February 2nd. JPMorgan Chase & Co. upgraded shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 3rd. Needham & Company LLC lowered their price objective on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Finally, Wells Fargo & Company assumed coverage on shares of SoFi Technologies in a research note on Thursday. They issued an “equal weight” rating and a $19.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.91.

SoFi Technologies Trading Up 1.5%

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 company has a market cap of $21.87 billion, a P/E ratio of 45.13 and a beta of 2.21. The business has a 50-day moving average price of $21.06 and a two-hundred day moving average price of $25.37.

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

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 9,742 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $16.94, for a total transaction of $165,029.48. Following the completion of the sale, the executive vice president directly owned 343,026 shares of the company’s stock, valued at $5,810,860.44. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Anthony Noto acquired 28,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired 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 of the company’s stock, valued at $202,719,376.64. This trade represents a 0.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 38,900 shares of company stock worth $705,398 and have sold 227,616 shares worth $4,418,697. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies in the 4th quarter valued at about $25,000. Blue Trust Inc. raised its holdings in SoFi Technologies by 655.2% in the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after purchasing an additional 878 shares during the period. Vermillion Wealth Management Inc. boosted its position in shares of SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 739 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of SoFi Technologies during the fourth quarter worth $28,000. Finally, Reflection Asset Management acquired a new position in shares of SoFi Technologies in the 4th quarter valued at $28,000. 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.