SoFi Technologies (NASDAQ:SOFI) Shares Up 4.6% – What’s Next?

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

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: SoFi announced it is buying a majority stake in U.K. fintech PrimaryBid, a move that could broaden its reach into global capital markets and retail share-offering access while adding another growth lever beyond consumer banking. SoFi Buys PrimaryBid As Retail Market Access And Valuation Questions Meet
• Positive Sentiment: SoFi also highlighted ongoing ETF product momentum, including monthly distributions on its SoFi Enhanced Yield ETF (THTA), reinforcing that fee-based businesses and product expansion remain part of the company’s growth story. SoFi Announces Monthly Distributions on $THTA (10.00%)
• Neutral Sentiment: Analysts and market commentators are pointing to SoFi’s “capital-light” evolution, arguing that softer loan growth may be less important than the company’s shift toward fee-based revenue, deposits, and ecosystem expansion. SoFi’s Capital-Light Evolution Could Be the Real Long-Term Catalyst
• Neutral Sentiment: Broader fintech coverage remains constructive, with SoFi included among digital-bank and fintech ideas as high Treasury yields keep financial-services stocks in focus. Treasury Yields Are at 4.42 and These 3 Digital Banks Under 50
• Negative Sentiment: Recent articles focused on whether SoFi should be reassessed after a sharp year-to-date slide, with the stock under pressure despite longer-term gains, suggesting investor concern about valuation and near-term execution risk. Is It Time To Reassess SoFi Technologies (SOFI) After This Year’s Sharp Share Price Slide
• Negative Sentiment: Another market update said SoFi stock was falling midweek, reflecting ongoing pressure and short-term caution among traders. SoFi stock is falling Wednesday: What’s driving the move?

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. TD Cowen decreased their target price on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Tuesday, February 3rd. Morgan Stanley set a $16.00 target price on SoFi Technologies in a research note on Thursday, April 30th. Finally, Truist Financial decreased their target price on SoFi Technologies from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.56.

SoFi Technologies Trading Up 4.6%

The firm has a fifty day simple moving average of $17.21 and a 200-day simple moving average of $22.74. The firm has a market cap of $20.43 billion, a P/E ratio of 36.41 and a beta of 2.12. 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 quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Insider Activity

In related news, CEO Anthony Noto bought 28,900 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were bought at an average price of $17.32 per share, for a total transaction of $500,548.00. Following the completion of the acquisition, the chief executive officer directly owned 11,704,352 shares of the company’s stock, valued at $202,719,376.64. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 94,958 shares of the firm’s stock in a transaction that occurred 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 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. Insiders have sold 124,197 shares of company stock worth $2,191,758 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large 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 approximately $25,000. Blue Trust Inc. lifted its holdings in shares of SoFi Technologies by 655.2% in the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after purchasing an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. lifted its holdings in shares of SoFi Technologies by 283.1% in the fourth 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 in the last quarter. Central Pacific Bank Trust Division bought a new stake in SoFi Technologies during the fourth quarter worth $28,000. Finally, Reflection Asset Management bought a new stake in SoFi Technologies during the fourth quarter worth $28,000. Institutional investors 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.