SoFi Technologies (NASDAQ:SOFI) Trading 1.6% Higher – Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares rose 1.6% during trading on Friday . The company traded as high as $19.87 and last traded at $19.61. Approximately 42,745,293 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 58,903,570 shares. The stock had previously closed at $19.30.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. UBS Group set a $24.50 price objective on shares of SoFi Technologies in a research note on Monday, February 2nd. Keefe, Bruyette & Woods raised their price objective on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Bank of America initiated coverage on shares of SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 target price on the stock. Finally, Citizens Jmp raised SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.21.

SoFi Technologies Trading Up 1.6%

The firm has a market cap of $23.65 billion, a P/E ratio of 51.61 and a beta of 2.13. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. The firm has a fifty day moving average of $25.34 and a 200-day moving average of $26.25.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 6.48%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter 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. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Arun Pinto sold 46,132 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $24.76, for a total value of $1,142,228.32. Following the sale, the insider directly owned 138,396 shares in the company, valued at $3,426,684.96. The trade was a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeremy Rishel sold 91,837 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the sale, the chief technology officer owned 794,598 shares of the company’s stock, valued at $21,168,090.72. The trade was a 10.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 261,470 shares of company stock worth $6,276,524. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds have recently modified their holdings of SOFI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of SoFi Technologies by 12.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock valued at $88,864,000 after buying an additional 540,610 shares during the period. Vestmark Advisory Solutions Inc. acquired a new position in SoFi Technologies in the 2nd quarter valued at approximately $209,000. Quantbot Technologies LP bought a new stake in shares of SoFi Technologies in the 2nd quarter worth approximately $25,699,000. Marex Group plc acquired a new stake in shares of SoFi Technologies during the 2nd quarter worth approximately $11,179,000. Finally, Sigma Planning Corp grew its holdings in shares of SoFi Technologies by 34.7% during the 2nd quarter. Sigma Planning Corp now owns 60,653 shares of the company’s stock worth $1,104,000 after purchasing an additional 15,617 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

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.