SoFi Technologies (NASDAQ:SOFI) Stock Price Up 3.2% on Insider Buying Activity

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) shot up 3.2% on Monday after an insider bought additional shares in the company. The company traded as high as $16.32 and last traded at $16.26. 69,869,787 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 63,991,996 shares. The stock had previously closed at $15.75.

Specifically, CEO Anthony Noto purchased 15,545 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $16.00 per share, with a total value of $248,720.00. Following the completion of the acquisition, the chief executive officer directly owned 11,946,619 shares in the company, valued at $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SOFI. JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Tuesday, February 3rd. Mizuho set a $29.00 price target on SoFi Technologies in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Finally, Morgan Stanley set a $16.00 price target on SoFi Technologies in a report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.72.

SoFi Technologies Price Performance

The company has a 50-day simple moving average of $17.44 and a 200-day simple moving average of $23.09. The stock has a market cap of $20.74 billion, a PE ratio of 36.96 and a beta of 2.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.SoFi Technologies’s revenue was up 42.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Valley Wealth Managers Inc. purchased a new position in SoFi Technologies in the fourth quarter worth $25,000. Vermillion Wealth Management Inc. increased its position in shares of SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 739 shares in the last quarter. Blue Trust Inc. increased 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 buying an additional 878 shares in the last quarter. Reflection Asset Management purchased a new position in shares of SoFi Technologies in the fourth quarter valued at $28,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of SoFi Technologies in the fourth quarter valued at $28,000. 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.