SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) traded up 3.6% on Wednesday after Truist Financial raised their price target on the stock from $16.00 to $17.00. Truist Financial currently has a hold rating on the stock. SoFi Technologies traded as high as $17.74 and last traded at $17.38. 55,103,194 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 63,786,328 shares. The stock had previously closed at $16.77.
Several other brokerages have also commented on SOFI. TD Cowen raised their price objective on SoFi Technologies from $17.50 to $18.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. Keefe, Bruyette & Woods boosted their price objective on SoFi Technologies from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Wednesday, October 28th. Wells Fargo & Company reaffirmed a “negative” rating on shares of SoFi Technologies in a research note on Wednesday, October 28th. Mizuho reduced their target price on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, Morgan Stanley decreased their target price on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.27.
Get Our Latest Research Report on SoFi Technologies
Insider Transactions at SoFi Technologies
In related news, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the sale, the chief technology officer directly owned 912,650 shares in the company, valued at approximately $15,971,375. The trade was a 2.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the sale, the executive vice president owned 356,442 shares of the company’s stock, valued at approximately $6,415,956. This trade represents a 3.07% 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. Insiders sold a total of 50,316 shares of company stock worth $852,605 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.
Key Headlines Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: Fintech shares advanced after Block reported a quarterly earnings beat and raised its outlook, lifting SoFi and PayPal as well. The peer-driven momentum may be supporting SOFI. Block Surges 16% on Earnings Beat and Raised Outlook; SoFi and PayPal Advance 4%
- Positive Sentiment: Recent coverage points to rapid customer growth, cross-selling of products and management’s raised 2026 guidance plus 2027 guidance as reasons to expect continued expansion. Is SoFi Stock a Buy in November 2026?
- Positive Sentiment: An updated valuation estimate edged up to $20.80 from $20.36 following SoFi’s strong third-quarter results and 2027 outlook, suggesting some analysts see further potential. SoFi Stock Fair Value Edges Higher After Strong Q3 and 2027 Guidance
- Neutral Sentiment: Truist raised its price target from $16 to $17 but maintained a “hold” rating; the target remains below the $17.38 price cited in the report, signaling limited upside under its assessment. Truist Raises SoFi Price Target
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Capital Advisors Inc. OK boosted its stake in SoFi Technologies by 2.2% during the 2nd quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company’s stock worth $508,000 after purchasing an additional 615 shares during the last quarter. CX Institutional grew its holdings in shares of SoFi Technologies by 36.2% during the second quarter. CX Institutional now owns 2,477 shares of the company’s stock worth $44,000 after buying an additional 658 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of SoFi Technologies by 44.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company’s stock worth $35,000 after buying an additional 689 shares in the last quarter. Archer Investment Corp grew its holdings in shares of SoFi Technologies by 27.6% during the first quarter. Archer Investment Corp now owns 3,191 shares of the company’s stock worth $51,000 after buying an additional 691 shares in the last quarter. Finally, Fermata Advisors LLC raised its position in shares of SoFi Technologies by 4.9% in the second quarter. Fermata Advisors LLC now owns 15,429 shares of the company’s stock valued at $277,000 after buying an additional 719 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.
SoFi Technologies Price Performance
The stock’s 50-day moving average price is $16.50 and its 200 day moving average price is $17.79. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 1.04 and a beta of 2.25.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.89%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business posted $0.11 earnings per share. SoFi Technologies’s quarterly revenue was up 44.4% on a year-over-year basis. Equities research analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.
SoFi Technologies Company Profile
SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.
SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.
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