SoFi Technologies (NASDAQ:SOFI) Shares Gap Up – Time to Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price gapped up before the market opened on Friday . The stock had previously closed at $16.97, but opened at $18.26. SoFi Technologies shares last traded at $18.2960, with a volume of 45,087,700 shares trading hands.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFi’s stablecoin rollout is the main catalyst, with coverage saying the feature is now available to roughly 14.7 million to 15 million members and is being integrated into the core banking app. Article Title
• Positive Sentiment: Investors are also encouraged by the idea that SoFiUSD could expand user engagement, cross-border transfers, and tokenized deposit activity, potentially opening up new monetization streams over time. Article Title
• Positive Sentiment: Some commentary argues the stock’s sharp pullback from highs may have created a more attractive entry point just as fundamentals and product momentum appear to be improving. Article Title
• Neutral Sentiment: Recent articles also note CEO Anthony Noto has been buying shares, which can signal confidence, but it is not a direct operational catalyst. Article Title
• Neutral Sentiment: Earlier coverage highlighted SoFi’s strong revenue growth and improving profitability, reinforcing the long-term bull case but adding no fresh short-term surprise. Article Title

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SOFI shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Monday, February 9th. Weiss Ratings downgraded shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Wells Fargo & Company decreased their price target on shares of 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, UBS Group decreased their price target on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.56.

SoFi Technologies Stock Performance

The business has a fifty day simple moving average of $16.67 and a 200-day simple moving average of $21.67. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The firm has a market cap of $23.74 billion, a P/E ratio of 42.07 and a beta of 2.12.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (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 business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned $0.06 earnings per share. The firm’s quarterly revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, 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 transaction of $1,655,117.94. Following the completion of the transaction, the chief technology officer owned 839,640 shares of the company’s stock, valued at approximately $14,634,925.20. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelli Keough sold 10,037 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total transaction of $155,874.61. Following the transaction, the executive vice president directly owned 323,247 shares of the company’s stock, valued at $5,020,025.91. This represents a 3.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 124,479 shares of company stock valued at $2,163,556. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently modified their holdings of SOFI. Lake Street Private Wealth LLC grew its position in shares of SoFi Technologies by 4.9% during the 4th quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock valued at $219,000 after acquiring an additional 390 shares during the period. Capital Advisors Wealth Management LLC grew its position in shares of SoFi Technologies by 0.4% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock valued at $2,866,000 after acquiring an additional 401 shares during the period. First Horizon Corp grew its position in shares of SoFi Technologies by 14.9% during the 4th quarter. First Horizon Corp now owns 3,116 shares of the company’s stock valued at $82,000 after acquiring an additional 405 shares during the period. Cigna Investments Inc. New grew its position in shares of SoFi Technologies by 3.8% during the 4th quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock valued at $299,000 after acquiring an additional 416 shares during the period. Finally, Assetmark Inc. grew its position in shares of SoFi Technologies by 50.5% during the 3rd quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock valued at $34,000 after acquiring an additional 427 shares during the period. 38.43% of the stock is currently owned by 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.