SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) dropped 4.6% during mid-day trading on Tuesday . The stock traded as low as $17.70 and last traded at $17.75. Approximately 77,032,366 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 68,198,961 shares. The stock had previously closed at $18.61.
Key Headlines Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: SoFi shares are rising after reports that recent operational developments are expanding the company’s lending footprint, which could support stronger revenue growth and loan originations. SoFi Stock Is Advancing Thursday: What’s Driving The Move?
- Positive Sentiment: SoFi expanded its ETF lineup with SFYI, a move aimed at increasing investing engagement and boosting fee-based revenue over time. SOFI’s ETF Expansion: Can It Lift Fee-Based Revenues Ahead?
- Positive Sentiment: Analysts and market commentary continue to highlight SoFi’s sustained GAAP profitability and aggressive growth strategy, reinforcing the view that the company can keep scaling. Can SoFi Turn Today’s Investors Into Millionaires?
Analyst Ratings Changes
A number of analysts have commented on the company. Wells Fargo & Company reduced their target price on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Truist Financial dropped their price target on SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, May 12th. Mizuho set a $29.00 target price on SoFi Technologies in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods lowered their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a research note on Thursday, April 9th. Finally, Needham & Company LLC decreased their price target on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Seven 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.78.
SoFi Technologies Trading Up 4.6%
The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The company has a market capitalization of $23.78 billion, a PE ratio of 42.14 and a beta of 2.14. The stock has a fifty day moving average of $16.85 and a 200 day moving average of $19.56.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. SoFi Technologies’s revenue for the quarter was up 42.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Anthony Noto acquired 15,545 shares of the company’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $16.00 per share, with a total value of $248,720.00. Following the completion of the purchase, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at $191,145,904. This represents a 0.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the sale, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 134,044 shares of company stock valued at $2,370,056 over the last ninety days. 2.50% of the stock is owned by insiders.
Institutional Investors Weigh In On SoFi Technologies
A number of institutional investors and hedge funds have recently modified their holdings of SOFI. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies in the 4th quarter worth approximately $25,000. Blue Trust Inc. lifted its stake in SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after buying an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. raised its stake in SoFi Technologies by 283.1% in 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 last quarter. Central Pacific Bank Trust Division purchased a new position in SoFi Technologies in the 4th quarter worth approximately $28,000. Finally, Reflection Asset Management acquired a new position in SoFi Technologies during the fourth quarter worth $28,000. 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.
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