SoFi Technologies (NASDAQ:SOFI) Stock Price Up 3.4% – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price rose 3.4% during mid-day trading on Tuesday . The company traded as high as $18.08 and last traded at $17.71. Approximately 104,879,795 shares changed hands during mid-day trading, an increase of 59% from the average daily volume of 65,965,031 shares. The stock had previously closed at $17.13.

SoFi Technologies News Summary

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

• Positive Sentiment: 24/7 Wall St. said SoFi’s recent weakness appears overdone relative to its fundamentals, citing record business results and setting a $19.10 price target, which suggests upside from current levels. SoFi Could Be One of 2026’s Best Fintech Buys at Current Depressed Levels
• Positive Sentiment: Motley Fool framed SoFi as potentially undervalued after a large 2026 drop, reinforcing the idea that investors may be re-rating the stock higher if growth remains solid. Down 36% in 2026, Is SoFi Stock Undervalued?
• Positive Sentiment: Another 24/7 Wall St. article also highlighted SoFi as a compelling buy at around $16, pointing to long-term growth potential in its digital banking platform and suggesting the market may be overly pessimistic. Buy, Hold, or Sell: Dropping 42% in 6 Months Is SoFi an Absolute Steal at $16?
• Neutral Sentiment: Broader fintech news about the reopening of the Strait of Hormuz helped many financial stocks move higher in the session, but it was a macro-driven catalyst rather than something specific to SoFi. SoFi, Sezzle, and Affirm Shares Skyrocket, What You Need To Know

Wall Street Analysts Forecast Growth

SOFI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research note on Thursday, April 9th. UBS Group dropped their price target on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. 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. Wells Fargo & Company dropped their price target on 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. Finally, Morgan Stanley set a $16.00 price target on SoFi Technologies in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.56.

SoFi Technologies Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $16.83 and a 200 day moving average price of $20.74. The stock has a market cap of $22.70 billion, a PE ratio of 40.23 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The firm’s quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 94,958 shares of the stock in a transaction dated Wednesday, March 18th. The stock was 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 approximately $14,634,925.20. This represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Noto acquired 15,545 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer directly 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 quarter, insiders have sold 124,479 shares of company stock valued at $2,163,556. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of SoFi Technologies

A number of institutional investors have recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies during the 4th quarter worth about $25,000. Blue Trust Inc. lifted its holdings in SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after purchasing an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. lifted its holdings in 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 purchasing an additional 739 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in SoFi Technologies in the 4th quarter worth about $28,000. Finally, Reflection Asset Management bought a new position in SoFi Technologies in the 4th quarter worth about $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.