SoFi Technologies (NASDAQ:SOFI) Trading 3% Higher – Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price traded up 3% during mid-day trading on Wednesday . The company traded as high as $15.72 and last traded at $15.69. 44,191,378 shares traded hands during trading, a decline of 31% from the average session volume of 63,678,953 shares. The stock had previously closed at $15.23.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen dropped their target price on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Wells Fargo & Company lowered their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Mizuho set a $29.00 price target on shares of SoFi Technologies in a research report on Wednesday, May 6th. Finally, Stephens lowered their price target on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and an average price target of $22.56.

SoFi Technologies Stock Performance

The firm’s 50-day moving average price is $16.84 and its two-hundred day moving average price is $22.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The stock has a market cap of $20.04 billion, a price-to-earnings ratio of 35.50 and a beta of 2.12.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly 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 firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company’s revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,742 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $19.25, for a total value of $187,533.50. Following the transaction, the executive vice president owned 333,284 shares of the company’s stock, valued at $6,415,717. This represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 94,958 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the completion of the transaction, the chief technology officer directly owned 839,640 shares in the company, valued at $14,634,925.20. The trade was a 10.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 114,442 shares of company stock valued at $2,007,681 over the last 90 days. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Lake Street Private Wealth LLC lifted its position in SoFi Technologies by 4.9% in the fourth quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock valued at $219,000 after buying an additional 390 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its position in SoFi Technologies by 0.4% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock valued at $2,866,000 after buying an additional 401 shares during the last quarter. First Horizon Corp lifted its position in SoFi Technologies by 14.9% in the fourth quarter. First Horizon Corp now owns 3,116 shares of the company’s stock valued at $82,000 after buying an additional 405 shares during the last quarter. Cigna Investments Inc. New lifted its position in SoFi Technologies by 3.8% in the fourth quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock valued at $299,000 after buying an additional 416 shares during the last quarter. Finally, Assetmark Inc. lifted its position in SoFi Technologies by 50.5% in the third quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock valued at $34,000 after buying an additional 427 shares during the last quarter. 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.