SoFi Technologies Target of Unusually Large Options Trading (NASDAQ:SOFI)
by Teresa Graham · The Cerbat GemSoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 612,015 call options on the company. This is an increase of approximately 53% compared to the average volume of 400,814 call options.
Key Headlines Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: Unusual options flow: Traders purchased roughly 612,015 SOFI call options today (about a 53% increase versus typical daily call volume), signaling sizable bullish positioning that likely lifted intraday buying interest.
- Positive Sentiment: FedNow payments capability: Galileo enabling SoFi to send and receive FedNow payments expands SoFi’s payments product set and could improve customer experience and engagement, supporting growth expectations. Galileo Enables SoFi to Send and Receive FedNow® Service Payments
- Positive Sentiment: Bullish commentary: Recent bullish writeups (e.g., Seeking Alpha arguing SOFI is a buy‑the‑dip) have circulated, reinforcing investor conviction among growth/value‑seeking traders. SoFi: This Fintech Leader Is Ready To Rebound
- Neutral Sentiment: Investor attention stories: Aggregators (Zacks/Yahoo) highlight rising investor interest and summarize fundamentals and risks, which can increase trading volume but are informational rather than catalytic. SoFi Technologies, Inc. (SOFI) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: Marketing/brand initiative: SoFi launched an “Amplify Your Ambitions” contest with CMA and Kelsea Ballerini, a consumer‑facing PR event that can boost brand awareness but has limited immediate revenue impact. SoFi, Kelsea Ballerini, and CMA Launch Amplify Your Ambitions Contest
- Neutral Sentiment: ETF distributions: SoFi announced monthly distributions for its SoFi Enhanced Yield ETF (THTA); relevant for the asset‑management business but not a direct driver of SOFI stock moves. SoFi Announces Monthly Distributions on $THTA (10.00%)
- Negative Sentiment: Goldman Sachs trimmed its price target from $25 to $20 and reiterated a neutral stance, reducing upside implied by prior estimates and weighing on analyst sentiment. Goldman Sachs lowers price target
- Negative Sentiment: Short‑seller attack: A public letter from short‑seller Carson Block comparing SoFi to Enron introduces reputational risk and could prompt heightened volatility and selling pressure from cautious investors. Short‑seller Carson Block compares SoFi to Enron
SoFi Technologies Stock Performance
Shares of SOFI stock traded up $0.89 on Wednesday, hitting $18.80. The company had a trading volume of 64,620,285 shares, compared to its average volume of 62,363,805. SoFi Technologies has a twelve month low of $10.41 and a twelve month high of $32.73. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The firm has a market cap of $23.97 billion, a P/E ratio of 49.47 and a beta of 2.24. The company has a 50-day moving average price of $18.01 and a 200-day moving average price of $24.05.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its earnings results on Friday, January 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. During the same period last year, the company earned $0.05 earnings per share. SoFi Technologies’s revenue for the quarter was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, equities research analysts predict that SoFi Technologies will post 0.26 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
SOFI has been the topic of several research analyst reports. Truist Financial dropped their target price on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. 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. Needham & Company LLC dropped their price target on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. The Goldman Sachs Group cut their price objective on shares of SoFi Technologies from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Bank of America assumed coverage on shares of SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.85.
Check Out Our Latest Report on SOFI
Insider Activity
In related news, Director Steven J. Freiberg sold 94,225 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the completion of the sale, the director owned 588,849 shares of the company’s stock, valued at $11,959,523.19. This represents a 13.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelli Keough sold 9,755 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $18.87, for a total transaction of $184,076.85. Following the completion of the sale, the executive vice president owned 293,725 shares of the company’s stock, valued at approximately $5,542,590.75. This trade represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 38,900 shares of company stock worth $705,398 and have sold 218,148 shares worth $4,161,735. Insiders own 2.60% of the company’s stock.
Hedge Funds Weigh In On SoFi Technologies
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after buying an additional 3,900,895 shares in the last quarter. State Street Corp increased its holdings in SoFi Technologies by 6.7% in the fourth quarter. State Street Corp now owns 25,937,928 shares of the company’s stock valued at $679,055,000 after buying an additional 1,637,430 shares in the last quarter. Geode Capital Management LLC increased its holdings in SoFi Technologies by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock valued at $618,395,000 after buying an additional 1,951,248 shares in the last quarter. Morgan Stanley raised its position in shares of SoFi Technologies by 33.6% in the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after acquiring an additional 3,350,258 shares during the period. Finally, Norges Bank acquired a new position in shares of SoFi Technologies in the fourth quarter worth about $321,515,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.
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.