SoFi Technologies (NASDAQ:SOFI) Stock Price Up 4.6% – Time to Buy?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) rose 4.6% during trading on Thursday . The company traded as high as $16.07 and last traded at $16.02. Approximately 67,636,136 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 63,988,410 shares. The stock had previously closed at $15.31.

Analyst Ratings Changes

SOFI has been the subject of a number of research reports. Stephens decreased their target price on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. Keefe, Bruyette & Woods decreased their target price on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research note on Thursday, April 9th. Wells Fargo & Company decreased their target price on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Finally, Argus began coverage on SoFi Technologies in a research report on Wednesday, April 15th. They set a “hold” rating for the company. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on 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 stock has a market cap of $20.02 billion, a P/E ratio of 35.48 and a beta of 2.12. The company has a fifty day moving average of $17.10 and a 200 day moving average of $22.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting 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 return on equity of 6.25% and a net margin of 14.65%.The firm’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,755 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 293,725 shares of the company’s stock, valued at approximately $5,542,590.75. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total value 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. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 124,197 shares of company stock valued at $2,191,758. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Valley Wealth Managers Inc. bought a new position in shares of SoFi Technologies in the fourth quarter valued at $25,000. Blue Trust Inc. raised its stake in SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after purchasing an additional 878 shares during the period. Vermillion Wealth Management Inc. raised its stake in SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares during the period. Central Pacific Bank Trust Division acquired a new stake in SoFi Technologies during the 4th quarter valued at $28,000. Finally, Reflection Asset Management acquired a new stake in SoFi Technologies during the 4th quarter valued at $28,000. Institutional investors 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.