SoFi Technologies (NASDAQ:SOFI) Trading 3.7% Higher – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares shot up 3.7% on Tuesday . The company traded as high as $18.71 and last traded at $18.70. 60,652,127 shares were traded during trading, a decline of 14% from the average daily volume of 70,692,266 shares. The stock had previously closed at $18.03.

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of research reports. Truist Financial raised their price target on SoFi Technologies from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Needham & Company LLC lowered their target price on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Weiss Ratings cut SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Mizuho cut their price target 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, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $22.38.

SoFi Technologies Trading Down 0.8%

The company has a market capitalization of $23.22 billion, a P/E ratio of 37.71 and a beta of 2.17. 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 stock has a fifty day moving average of $17.43 and a 200 day moving average of $18.19.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.39% and a net margin of 14.78%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $0.08 earnings per share. SoFi Technologies’s revenue for the quarter was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 10,954 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $17.19, for a total value of $188,299.26. Following the transaction, the executive vice president directly owned 367,728 shares in the company, valued at $6,321,244.32. The trade was a 2.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto purchased 15,545 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the acquisition, the chief executive officer owned 11,946,619 shares in the company, valued at $191,145,904. This represents a 0.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 135,256 shares of company stock valued at $2,370,822. 2.50% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

Several hedge funds have recently bought and sold shares of SOFI. Valley Wealth Managers Inc. bought a new stake in SoFi Technologies in the fourth quarter worth $25,000. Blue Trust Inc. boosted its position in shares of SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after buying an additional 878 shares during the period. Vermillion Wealth Management Inc. grew its position 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 acquiring an additional 739 shares during the last quarter. Reflection Asset Management purchased a new position in SoFi Technologies in the 4th quarter worth about $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SoFi Technologies during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

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.