SoFi Technologies (NASDAQ:SOFI) Shares Up 10.5% – Time to Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price shot up 10.5% on Monday . The stock traded as high as $18.08 and last traded at $18.03. Approximately 83,378,860 shares were traded during trading, an increase of 18% from the average session volume of 70,759,156 shares. The stock had previously closed at $16.31.

Analyst Ratings Changes

Several equities analysts have issued reports on SOFI shares. Needham & Company LLC decreased their price target on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Morgan Stanley decreased their price objective on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, July 30th. Citigroup decreased their price target on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Monday, May 4th. Mizuho decreased their target price 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, UBS Group cut their price target on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.38.

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 of $17.39 and a 200 day moving average of $18.25. The firm has a market capitalization of $23.41 billion, a PE ratio of 38.02 and a beta of 2.17.

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

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,954 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were 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 of the company’s stock, valued at approximately $6,321,244.32. The trade was a 2.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the sale, the chief technology officer owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This trade represents a 10.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 135,256 shares of company stock worth $2,370,822 in the last ninety days. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SOFI. Valley Wealth Managers Inc. purchased a new position in shares of SoFi Technologies in the fourth quarter worth about $25,000. Vermillion Wealth Management Inc. boosted 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 acquiring an additional 739 shares during the period. Blue Trust Inc. lifted its stake in SoFi Technologies by 655.2% in 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. Reflection Asset Management bought a new stake in SoFi Technologies during the fourth quarter valued at $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in SoFi Technologies in the 4th quarter worth approximately $29,000. 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.