SoFi Technologies (NASDAQ:SOFI) Trading Up 2.6% – Here’s What Happened

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) shot up 2.6% during trading on Monday . The company traded as high as $16.42 and last traded at $16.27. 42,248,246 shares changed hands during trading, a decline of 34% from the average session volume of 63,755,754 shares. The stock had previously closed at $15.85.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SOFI shares. Wells Fargo & Company assumed coverage on shares of SoFi Technologies in a report on Thursday, March 19th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Truist Financial lowered their price objective on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Tuesday, February 3rd. Finally, UBS Group set a $24.50 price target on SoFi Technologies in a report on Monday, February 2nd. 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.32.

SoFi Technologies Stock Up 2.6%

The company has a market capitalization of $20.75 billion, a PE ratio of 42.82 and a beta of 2.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18. The company has a 50-day moving average of $19.02 and a two-hundred day moving average of $24.64.

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

Insider Activity at SoFi Technologies

In other news, Director Steven J. Freiberg sold 94,225 shares of the business’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 transaction, the director directly owned 588,849 shares in the company, valued at $11,959,523.19. The trade was a 13.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelli Keough sold 9,742 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $16.94, for a total value of $165,029.48. Following the completion of the transaction, the executive vice president directly owned 343,026 shares of the company’s stock, valued at approximately $5,810,860.44. This trade represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have purchased 38,900 shares of company stock worth $705,398 and have sold 218,148 shares worth $4,161,735. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

A number of institutional investors have recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $25,000. Vermillion Wealth Management Inc. increased its stake in SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 739 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after acquiring an additional 878 shares in the last quarter. Reflection Asset Management bought a new position in shares of SoFi Technologies during the 4th quarter valued at approximately $28,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of SoFi Technologies during the 4th quarter valued at approximately $28,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

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.