SoFi Technologies (NASDAQ:SOFI) Shares Up 3.7% – Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) shot up 3.7% during trading on Thursday . The stock traded as high as $16.37 and last traded at $16.10. 94,115,952 shares were traded during trading, an increase of 47% from the average session volume of 64,071,348 shares. The stock had previously closed at $15.52.

SoFi Technologies News Summary

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Record Q1 operating beat — SoFi reported ~41% YoY revenue growth, $340M EBITDA and 14.7M members with improving NIMs and deposit growth; bulls say the pullback hides durable growth and cross‑sell momentum. Article Title
• Positive Sentiment: High-profile support: Jim Cramer and other commentators called the market’s sell-off an overreaction to conservative guidance, which could encourage value buyers. Article Title
• Positive Sentiment: Research/upside from brokers — Needham reiterated a Buy and set a $25 PT (lower from $33) supporting a bullish case for patient investors. Article Title
• Neutral Sentiment: New product push — SoFi launched “Big Business Banking” to integrate fiat and crypto for enterprise clients; strategically positive longer-term but unlikely to move near‑term estimates. Article Title
• Neutral Sentiment: Management commentary — CEO told Jim Cramer they held guidance because they don’t expect rate cuts this year; explains conservative outlook but signals steadiness. Article Title
• Neutral Sentiment: Options and investor flows — Unusually large call buying was reported after earnings, showing speculative/hedged bullish interest even amid the sell‑off.
• Negative Sentiment: Chime exit hit Technology Platform revenue — The transition of a large client in-house drove a ~27% YoY decline in Technology Platform revenue, raising near‑term top‑line pressure for that segment. Article Title
• Negative Sentiment: Unchanged FY guidance sparked the sell-off — Despite record Q1, management kept 2026 guidance flat citing rates/visibility, which disappointed investors who expected upside. Article Title
• Negative Sentiment: Legal/short‑report overhang — A securities‑fraud investigation notice and earlier short‑seller allegations keep headline risk elevated and may weigh on sentiment until resolved. Article Title
• Negative Sentiment: Analyst downgrades/target trims — TD Cowen cut its PT to $18 and moved to Hold, reflecting the debate over “sell-on-beat” dynamics and limited near-term upside. Article Title

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SOFI. Barclays reduced their target price on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Morgan Stanley set a $16.00 target price on SoFi Technologies in a research note on Thursday. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price target on shares of SoFi Technologies in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 price target on shares of SoFi Technologies in a research note on Thursday. Finally, Argus started coverage on SoFi Technologies in a research note on Wednesday, April 15th. They issued a “hold” rating for the company. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.61.

SoFi Technologies Price Performance

The firm has a market capitalization of $20.95 billion, a P/E ratio of 37.34 and a beta of 2.12. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $17.59 and a 200-day moving average of $23.38.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The company’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.6 EPS for the current year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, Director Steven J. Freiberg sold 94,225 shares of SoFi Technologies stock in a transaction on 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 completion of the transaction, the director directly owned 588,849 shares of the company’s stock, valued at $11,959,523.19. The trade was a 13.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Noto acquired 28,900 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was bought at an average cost of $17.32 per share, with a total value of $500,548.00. Following the completion of the acquisition, the chief executive officer directly owned 11,704,352 shares in the company, valued at approximately $202,719,376.64. This represents a 0.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 38,900 shares of company stock worth $705,398 and sold 218,422 shares worth $4,105,468. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SoFi Technologies

A number of institutional investors have recently modified their holdings of the business. LGT Fund Management Co Ltd. acquired a new position in shares of SoFi Technologies during the 1st quarter worth $2,750,000. Global Assets Advisory LLC acquired a new position in shares of SoFi Technologies during the 1st quarter worth $118,000. International Assets Investment Management LLC raised its holdings in shares of SoFi Technologies by 24.4% during the 1st quarter. International Assets Investment Management LLC now owns 13,760 shares of the company’s stock worth $215,000 after buying an additional 2,698 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in shares of SoFi Technologies by 5,982.7% during the 1st quarter. Diversify Wealth Management LLC now owns 1,043,372 shares of the company’s stock worth $16,198,000 after buying an additional 1,026,219 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of SoFi Technologies by 297.4% during the 1st quarter. Fifth Third Bancorp now owns 12,422 shares of the company’s stock worth $197,000 after buying an additional 9,296 shares in 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.