SoFi Technologies (NASDAQ:SOFI) Shares Up 3.4% – Here’s Why

SoFi Technologies, Inc. (NASDAQ:SOFI) shot up 3.4% on Wednesday . The company traded as high as $19.62 and last traded at $19.29. 66,999,448 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 59,767,539 shares. The stock had previously closed at $18.66.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SOFI. Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Monday, February 9th. BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. Barclays increased their target price on shares of SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Citigroup raised their price target on SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Tuesday, February 3rd. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.34.

SoFi Technologies Price Performance

The company has a market cap of $23.26 billion, a price-to-earnings ratio of 50.76 and a beta of 2.13. The company has a 50-day simple moving average of $24.25 and a 200-day simple moving average of $26.15. 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 posted its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating 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 firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. During the same period in the previous year, the business earned $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. As a group, research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity

In related news, EVP Kelli Keough sold 9,755 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $18.87, for a total value of $184,076.85. Following the sale, the executive vice president owned 293,725 shares in the company, valued at $5,542,590.75. This represents a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 91,837 shares of SoFi Technologies stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total value of $2,446,537.68. Following the transaction, the chief technology officer directly owned 794,598 shares of the company’s stock, valued at approximately $21,168,090.72. This represents a 10.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 214,753 shares of company stock valued at $5,045,087 in the last quarter. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SOFI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of SoFi Technologies by 12.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock worth $88,864,000 after acquiring an additional 540,610 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in SoFi Technologies during the second quarter worth $209,000. Quantbot Technologies LP acquired a new position in SoFi Technologies in the second quarter worth $25,699,000. Vanguard Group Inc. boosted its holdings in SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock worth $2,829,640,000 after purchasing an additional 6,814,727 shares during the period. Finally, Marex Group plc bought a new stake in SoFi Technologies during the second quarter valued at $11,179,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.