Shares of SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) traded down 1.4% during mid-day trading on Tuesday . The stock traded as low as $17.72 and last traded at $17.93. 74,017,802 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 67,842,172 shares. The stock had previously closed at $18.19.
More SoFi Technologies News
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: SoFi launched a new small business lending program, giving the company another growth avenue beyond consumer banking and personal loans. SoFi Opens Lending Program for Its Small Business Owner Members
- Positive Sentiment: Analyst and market commentary continues to highlight strong member growth, expanding margins, and a broadening product suite, reinforcing the bull case for SoFi’s digital banking model. SoFi Technologies: Expanding Margins And The Moat Fuel Strong Upside
- Positive Sentiment: SoFi was noted as outperforming the broader market, which can help reinforce momentum and trader interest in the stock. SoFi Technologies, Inc. (SOFI) Outpaces Stock Market Gains: What You Should Know
- Neutral Sentiment: There is ongoing speculation that SoFi could qualify for S&P 500 inclusion, which could become a longer-term catalyst if index-tracking funds are forced to buy shares. SoFi Has Quietly Met the Bar for S&P 500 Inclusion. Here’s What Index Entry Could Do for the Stock.
- Neutral Sentiment: Several comparison pieces versus competitors like American Express and Dave are keeping SoFi in the spotlight, but these articles are more about relative positioning than a direct near-term catalyst. American Express vs. SoFi Technologies: Which Financial Stock Is a Better Buy in 2026?
Analysts Set New Price Targets
A number of research firms have recently commented on SOFI. The Goldman Sachs Group restated a “neutral” rating and set a $17.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Keefe, Bruyette & Woods dropped their target price on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Citigroup reduced their price target on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 price target on shares of SoFi Technologies in a research note on Thursday, April 30th. Finally, Barclays lowered their price target on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.56.
SoFi Technologies Trading Down 1.4%
The business’s 50-day moving average price is $16.96 and its 200 day moving average price is $19.97. The company has a market cap of $23.00 billion, a P/E ratio of 40.75 and a beta of 2.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates 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 business earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.
Insiders Place Their Bets
In other SoFi Technologies news, EVP Kelli Keough sold 10,954 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $17.35, for a total value of $190,051.90. Following the sale, the executive vice president owned 378,682 shares in the company, valued at $6,570,132.70. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto acquired 15,545 shares of the company’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the purchase, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 134,044 shares of company stock valued at $2,370,056 over the last 90 days. 2.50% of the stock is currently owned by insiders.
Institutional Investors Weigh In On SoFi Technologies
Several hedge funds have recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. bought a new position in SoFi Technologies during the fourth quarter worth $25,000. Blue Trust Inc. raised its position 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 during the period. Vermillion Wealth Management Inc. lifted its stake in shares of SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after buying an additional 739 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of SoFi Technologies during the 4th quarter worth about $28,000. Finally, Reflection Asset Management bought a new stake in shares of SoFi Technologies during the 4th quarter worth about $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.
Further Reading
- Five stocks we like better than SoFi Technologies
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Receive News & Ratings for SoFi Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoFi Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
