SoFi Stock Rises 3% — Is the Selloff Finally Over?

TLDR

• SOFI rose 3.3% on Monday, closing at $17.13 on above-average volume
• Revenue grew 42.6% year over year to $1.09 billion last quarter, with EPS of $0.12 meeting estimates
• Wall Street consensus is “Hold” with an average price target of $22.56
• CEO Anthony Noto bought 15,545 SOFI at $16.00; an EVP sold stock under a pre-arranged plan
• Analysts are split — Mizuho has a $29 target while Barclays sits at $18

SoFi Technologies (SOFI) stock gained 3.3% on Monday, closing at $17.13 after hitting an intraday high of $17.43. Volume came in at roughly 76 million, about 16% above its daily average.

SoFi Technologies, Inc., SOFI

The stock has been cut nearly in half from its 52-week high of $32.73. That kind of drop tends to get people talking — and right now, the conversation is split.

The most recent quarterly results were hard to argue with. Revenue hit $1.09 billion, up 42.6% year over year and ahead of analyst expectations of $1.05 billion. EPS came in at $0.12, right in line with estimates.

Adjusted EBITDA surged 62% year over year to a record $340 million. That’s not a company falling apart.

SoFi added 1.1 million new members in the quarter, bringing its total to 14.7 million — up 35% year over year. Cross-buying hit 43%, meaning existing members kept adding products.

For Q2, management guided for revenue of around $1.1 billion, which would represent 30% year-over-year growth.

Analyst Targets Vary Widely

The analyst picture is mixed. Seven analysts rate SOFI a Buy, eleven say Hold, and three say Sell. The consensus price target sits at $22.56 — well above Monday’s close of $17.13.

Mizuho has the highest target at $29.00. Needham cut its target from $33 to $25 but kept a Buy rating. Barclays trimmed its target to $18.00 with an Equal Weight rating. UBS lowered its target to $21.00, rating it Neutral.

Argus started coverage in April with a Hold.

Insider Activity Worth Watching

On the insider front, CEO Anthony Noto bought 15,545 SOFI at $16.00 per share on May 11, bringing his total stake to around 11.9 million. That’s a $248,720 purchase — not pocket change.

EVP Kelli Keough sold 10,037 at $15.53 on May 20 under a pre-arranged Rule 10b5-1 plan. Insiders collectively sold around 124,479 over the past 90 days.

The stock is trading at roughly 27.8x this year’s expected EPS of $0.60. That EPS estimate implies 53% year-over-year growth. Consensus has 2027 EPS at $0.79, a further 33% increase.

The 50-day moving average sits at $16.81 and the 200-day at $20.82. The stock is below both.

SoFi has set full-year 2026 EPS guidance of $0.60. Analysts expect $0.58 for the year on average.

Institutional investors own 38.43% of the stock.

The post SoFi Stock Rises 3% — Is the Selloff Finally Over? appeared first on CoinCentral.