SoFi Technologies (NASDAQ:SOFI) Stock Price Up 2.3% – Here’s What Happened

28 May 2026, 23:42 by Renee Jackson · The Cerbat Gem

SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) shares rose 2.3% during trading on Tuesday . The company traded as high as $16.95 and last traded at $15.98. Approximately 79,872,971 shares changed hands during trading, an increase of 26% from the average daily volume of 63,642,348 shares. The stock had previously closed at $15.62.

SoFi Technologies News Roundup

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

Positive Sentiment: SoFi launched SoFiUSD, a U.S. dollar stablecoin issued by its national bank unit, and made it available directly in the SoFi app to nearly 15 million members. SoFiUSD Becomes the First Stablecoin Issued by a US National Bank to Launch on a Banking Platform
Positive Sentiment: The stablecoin rollout is being viewed as a strategic fintech expansion that could support higher user activity, more deposits, and future monetization through tokenized banking and transfers. SoFiUSD Stablecoin Puts Tokenized Banking And Fees In Investor Focus
Positive Sentiment: Reports that CEO Anthony Noto has been buying SoFi shares on multiple occasions this year are reinforcing investor confidence, since insider buying is often seen as a sign management believes the stock is undervalued. SoFi CEO Anthony Noto Has Bought the Dip 3 Times This Year. Should You?
Positive Sentiment: Analysts and market commentary are highlighting SoFi’s scaling tech-platform business and revenue growth potential as a longer-term upside driver for the stock. SoFi’s Tech Platform Revenue Is the Quiet Story Behind the Stock
Neutral Sentiment: Some recent articles are speculative or opinion-based, including a 2030 stock-price prediction and comparisons with other fintech names, which may add attention but do not materially change fundamentals. Prediction: This Will Be SoFi’s Stock Price in 2030
Neutral Sentiment: Data points on short interest and broader debit-spend trends are unlikely to move the stock on their own, but they add context around trading sentiment and consumer activity. The Spring Surge: New Galileo Debit Spend Index Charts Q1 Spend and the Year Ahead

Analysts Set New Price Targets

SOFI has been the subject of a number of recent analyst reports. Citigroup reduced their price target on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. TD Cowen reduced their price target on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Wells Fargo & Company reduced their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Stephens reduced their price target on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.56.

Read Our Latest Stock Analysis on SOFI

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 company has a market capitalization of $21.77 billion, a P/E ratio of 38.57 and a beta of 2.12. The business’s fifty day moving average price is $16.67 and its 200-day moving average price is $21.67.

SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted 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. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.06 EPS. The firm’s revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, CEO Anthony Noto purchased 15,545 shares of the stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $16.00 per share, with a total value of $248,720.00. Following the completion of the purchase, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. This trade represents a 0.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the business’s stock in a transaction on 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 completion of the sale, the chief technology officer directly owned 839,640 shares of the company’s stock, valued at $14,634,925.20. This represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 124,479 shares of company stock valued at $2,163,556 over the last three months. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently modified their holdings of SOFI. Cozad Asset Management Inc. bought a new position in SoFi Technologies in the first quarter worth about $334,000. Vestor Capital LLC increased its stake in shares of SoFi Technologies by 549.3% during the first quarter. Vestor Capital LLC now owns 6,532 shares of the company’s stock valued at $104,000 after purchasing an additional 5,526 shares in the last quarter. BankChampaign National Association purchased a new position in SoFi Technologies in the first quarter worth about $254,000. Norris Financial Group LLC bought a new stake in shares of SoFi Technologies during the first quarter valued at approximately $828,000. Finally, Western Wealth Management LLC bought a new stake in shares of SoFi Technologies during the first quarter valued at approximately $110,000. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Company Profile

(Get Free Report)

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.