SoFi Technologies (NASDAQ:SOFI) Trading Up 4.6% - Time to Buy?

Key Points

• SoFi shares rose 4.6% to $17.84 on Wednesday, with about 40.1 million shares traded. The stock has a $23.04 billion market capitalization and a beta of 2.20, indicating relatively high volatility.
• Scotiabank initiated coverage with a “Sector Outperform” rating and a $25 price target, while the broader analyst consensus remains “Hold” with a $22.55 target. SoFi’s product expansion and growing fee-based revenue support the bullish case, though higher Treasury yields pressure balance-sheet lenders.
• SoFi recently beat quarterly estimates with $0.12 in earnings per share and $1.21 billion in revenue, up 42.5% year over year. However, insiders have sold 136,505 shares worth approximately $2.4 million over the past 90 days.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) traded up 4.6% during trading on Wednesday . The stock traded as high as $17.94 and last traded at $17.84. Approximately 40,057,106 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 67,396,492 shares. The stock had previously closed at $17.05.

SoFi Technologies News Summary

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

• Positive Sentiment: Scotiabank initiated coverage with a “Sector Outperform” rating and a $25 price target, implying approximately 40% upside from the referenced $17.84 share price. The initiation provides new institutional support and may improve investor sentiment toward SOFI. Scotiabank Initiates SoFi Technologies at Sector Outperform
• Positive Sentiment: Recent analysis argues that SoFi’s product flywheel is gaining traction through higher cross-selling, expansion of non-lending products and stronger fee-based revenue. A broader revenue mix could reduce the company’s reliance on balance-sheet lending over time. Is SoFi's Product Flywheel Gaining Enough Traction to Lift SOFI Stock?
• Neutral Sentiment: SoFi is trading modestly higher despite a difficult macroeconomic backdrop. Rising Treasury yields are pressuring rate-sensitive fintech lenders, although the company’s deposit base may provide a funding and interest-rate hedge. What's Happening With SoFi Stock?
• Negative Sentiment: A bond-market selloff recently triggered heavier selling in SoFi and other balance-sheet lenders because higher yields can increase funding costs and weigh on loan demand and valuations. Brokerage-focused rival Robinhood was viewed as less exposed to this pressure. SoFi Drops 4%, Affirm Falls 5% as Yields Hit Balance-Sheet Lenders, Robinhood Holds Steady
• Negative Sentiment: Retail investors on Stocktwits increasingly identified Robinhood as a preferable fintech investment, signaling competitive sentiment risk for SOFI even as its product expansion continues. SOFI’s Decline Has Retail Looking Elsewhere

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SOFI. Mizuho cut their price objective on shares of SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Weiss Ratings raised SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Needham & Company LLC reduced their target price on shares of SoFi Technologies from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Scotiabank initiated coverage on shares of SoFi Technologies in a research report on Wednesday. They set an "outperform" rating and a $25.00 target price on the stock. Finally, The Goldman Sachs Group upped their price target on SoFi Technologies from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.55.

SoFi Technologies Trading Up 4.6%

The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The firm has a market cap of $23.04 billion, a P/E ratio of 37.17 and a beta of 2.20. The business's 50-day moving average is $17.85 and its two-hundred day moving average is $17.49.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The company's quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 11,286 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the transaction, the executive vice president directly owned 356,442 shares of the company's stock, valued at approximately $6,415,956. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the business'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 in the company, valued at $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 136,505 shares of company stock worth $2,418,096. Corporate insiders own 2.50% of the company's stock.

Institutional Trading of SoFi Technologies

Several institutional investors have recently modified their holdings of SOFI. BlackRock Inc. bought a new stake in shares of SoFi Technologies during the 2nd quarter worth $1,298,925,000. North Dakota State Investment Board purchased a new position in SoFi Technologies during the fourth quarter valued at approximately $1,044,000. Brighton Jones LLC increased its stake in shares of SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after acquiring an additional 14,281 shares during the last quarter. Alberta Investment Management Corp acquired a new position in SoFi Technologies in the 4th quarter worth about $13,299,000. Finally, Trek Financial LLC acquired a new stake in SoFi Technologies in the fourth quarter valued at approximately $3,865,000. Institutional investors and hedge funds own 38.43% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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