SoFi Technologies (NASDAQ:SOFI) Shares Up 1.2% – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price shot up 1.2% during trading on Wednesday . The stock traded as high as $16.69 and last traded at $16.17. 65,763,360 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 63,669,660 shares. The stock had previously closed at $15.98.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: SoFiUSD is now available to SoFi’s nearly 15 million members, who can buy, sell, hold, and convert the stablecoin to U.S. dollars inside the app, expanding the company’s product set and deepening user engagement. Article: SoFiUSD Becomes the First Stablecoin Issued by a US National Bank to Launch on a Banking Platform
• Positive Sentiment: Investors are also reacting to the possibility that SoFiUSD could support future fee revenue, tokenized deposits, and cross-border transfer use cases, positioning SoFi as an early mover in blockchain-based consumer banking. Article: SoFiUSD Stablecoin Puts Tokenized Banking And Fees In Investor Focus
• Positive Sentiment: Commentary around the launch suggests the rollout could benefit from the new regulatory environment, with analysts and crypto advocates pointing to the GENIUS Act framework as a tailwind for bank-backed stablecoin adoption. Article: SOFI Stock Gains After SoFiUSD Stablecoin Rollout On Ethereum, Solana
• Neutral Sentiment: Some market coverage is framing the move as experimental and asking whether customers will meaningfully use the stablecoin, so the long-term revenue impact is still uncertain. Article: SoFi Launches Stablecoin to Consumers as Crypto Push Continues. Will People Use It?
• Negative Sentiment: Separately, some commentary continues to highlight SoFi as a “battleground” stock and points to valuation, dilution, and competition concerns, which may temper enthusiasm if the stablecoin launch does not drive rapid adoption. Article: SoFi vs. OppFi: Which Fintech Stock Should Investors Consider Buying?

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SOFI shares. Keefe, Bruyette & Woods lowered their price target on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Needham & Company LLC reduced their price target on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. UBS Group cut their target price on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Barclays lowered their price objective 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. Finally, Truist Financial lowered their price objective on SoFi Technologies from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, May 12th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given 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 a consensus target price of $22.56.

SoFi Technologies Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The stock has a market cap of $20.74 billion, a price-to-earnings ratio of 36.75 and a beta of 2.12. The stock has a 50-day moving average price of $16.70 and a two-hundred day moving average price of $21.83.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, equities research analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Insider Activity

In related news, EVP Kelli Keough sold 10,037 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total value of $155,874.61. Following the completion of the transaction, the executive vice president owned 323,247 shares of the company’s stock, valued at approximately $5,020,025.91. This represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto purchased 28,900 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average cost of $17.32 per share, with a total value of $500,548.00. Following the acquisition, the chief executive officer directly owned 11,704,352 shares in the company, valued at $202,719,376.64. This trade represents a 0.25% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 124,479 shares of company stock valued at $2,163,556 in the last quarter. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

Several large investors have recently bought and sold shares of SOFI. Norges Bank purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $321,515,000. Vanguard Group Inc. grew its position in shares of SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after purchasing an additional 6,814,727 shares in the last quarter. State Street Corp grew its position in shares of SoFi Technologies by 30.7% in the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after purchasing an additional 5,708,053 shares in the last quarter. Marshall Wace LLP grew its position in shares of SoFi Technologies by 372.9% in the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock valued at $174,116,000 after purchasing an additional 5,244,291 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of SoFi Technologies by 33.6% in the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after purchasing an additional 3,350,258 shares in the last quarter. 38.43% of the stock is currently 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.