SoFi Technologies (NASDAQ:SOFI) Trading 1.7% Higher – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) traded up 1.7% during mid-day trading on Wednesday . The stock traded as high as $16.50 and last traded at $16.30. 55,596,002 shares traded hands during trading, a decline of 13% from the average session volume of 64,079,180 shares. The stock had previously closed at $16.02.

SoFi Technologies News Summary

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

• Positive Sentiment: SoFi’s Q1 results showed accelerating growth, record new customer additions, strong loan originations, and improving profitability, reinforcing the case that the business is still scaling well. SoFi Just Reported 1 Number That Should Be on Every Investor’s Radar
• Positive Sentiment: Analysts and market commentators highlighted that SoFi’s first quarter featured strong member growth and revenue expansion, with some coverage describing the stock as a buy after the results. Is SoFi Technologies Stock a Buy After Its Strong Q1 2026 Earnings?
• Positive Sentiment: One bullish note pointed to SoFi’s record-breaking quarter, 35% member growth, and robust cross-selling, suggesting the company is expanding into higher-margin lending products while keeping capital ratios healthy. SoFi: Buying The Drawdown After A Record-Breaking Q1
• Neutral Sentiment: Coverage also noted that SoFi maintained its full-year guidance instead of raising it, which may have disappointed some investors even though the underlying results were strong. Is Now the Best Time to Buy SoFi Stock or the Worst?
• Neutral Sentiment: Another article focused on a key operating metric that investors are watching closely, reinforcing that the market is evaluating SoFi on execution and sustainability rather than just growth headlines. 1 Number That Should Change the Way You Think About SoFi Stock
• Negative Sentiment: Some investors are concerned that rising personal-loan charge-offs could weigh on credit quality, even though management says losses remain within tolerance. SoFi: Buying The Drawdown After A Record-Breaking Q1

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Needham & Company LLC reduced 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. Wells Fargo & Company reduced their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. UBS Group reduced their price target on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and a consensus target price of $22.72.

SoFi Technologies Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18. The firm’s 50 day moving average is $17.44 and its 200 day moving average is $23.09. The firm has a market cap of $20.09 billion, a P/E ratio of 35.80 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 EPS for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.63%. 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 previous year, the firm posted $0.06 earnings per share. SoFi Technologies’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. As a group, analysts anticipate that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 94,958 shares of the business’s stock in a transaction dated 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 sale, the chief technology officer owned 839,640 shares of the company’s stock, valued at $14,634,925.20. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelli Keough sold 9,742 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $19.25, for a total transaction of $187,533.50. Following the completion of the transaction, the executive vice president owned 333,284 shares in the company, valued at approximately $6,415,717. This represents a 2.84% decrease in their position. 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 have sold 124,197 shares of company stock valued at $2,191,758 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SOFI. Vanguard Group Inc. lifted its position in SoFi Technologies by 6.8% during 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 during the period. Firsthand Capital Management Inc. lifted its position in SoFi Technologies by 60.0% during the third quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock valued at $2,114,000 after purchasing an additional 30,000 shares during the period. SG Americas Securities LLC lifted its position in SoFi Technologies by 161.6% during the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock valued at $23,625,000 after purchasing an additional 557,390 shares during the period. Thoroughbred Financial Services LLC lifted its position in SoFi Technologies by 212.2% during the third quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company’s stock valued at $1,060,000 after purchasing an additional 27,283 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in SoFi Technologies by 15.2% during the third quarter. Jones Financial Companies Lllp now owns 458,703 shares of the company’s stock valued at $12,835,000 after purchasing an additional 60,676 shares during the period. Institutional investors 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.