SoFi Technologies (NASDAQ:SOFI) Stock Price Up 4.3% - Should You Buy?

Key Points

• SoFi shares rose 4.3% to $18.42 as fintech stocks broadly rebounded, though the move appeared driven more by sector momentum than a company-specific announcement.
• SoFi reported strong operating momentum, including record quarterly loan originations of $14.8 billion, quarterly revenue of $1.21 billion—up 42.5% year over year—and EPS of $0.12, ahead of estimates.
• Analyst sentiment remains mixed: the consensus rating is Hold with a $22.42 target price, while key risks include credit deterioration, higher funding costs, and SoFi’s relatively rich valuation if loan growth or profitability slows.

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) traded up 4.3% during trading on Wednesday . The stock traded as high as $18.72 and last traded at $18.42. Approximately 41,024,437 shares changed hands during trading, a decline of 41% from the average session volume of 68,991,445 shares. The stock had previously closed at $17.66.

More SoFi Technologies News

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

• Positive Sentiment: Fintech stocks broadly rebounded amid a favorable bond-market catalyst, lifting SoFi alongside Upstart and Affirm. The move appears partly sector-driven rather than tied to a new company-specific announcement. Fintech names rebound article
• Positive Sentiment: SoFi reported record quarterly loan originations of $14.8 billion, signaling continued demand and lending momentum. Investors will be watching whether the company can sustain this growth while preserving credit quality and managing funding costs. SoFi loan originations article
• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $22 price target, citing products growing faster than members. The target implies meaningful upside and supports the view that deeper customer engagement could drive revenue per member. Piper Sandler SoFi coverage article
• Positive Sentiment: Analyst comparisons favor SoFi over Upstart because of its diversified revenue base, stronger profitability and deposit funding model, despite SoFi’s higher forward-sales valuation. SoFi versus Upstart article
• Positive Sentiment: SoFi Coach is being positioned to increase member engagement, encourage cross-selling and expand monetization across the company’s financial ecosystem. Debit-spend growth in travel and experiences also points to ongoing activity among existing customers. SoFi Coach engagement article
• Neutral Sentiment: Technical commentary identifies a potential breakout from a six-month consolidation pattern, with resistance near $20.13. This may attract momentum traders but does not change the company’s fundamentals. SoFi technical forecast article
• Negative Sentiment: The main risks accompanying rapid loan growth are potential deterioration in credit performance and higher funding costs. SoFi’s richer valuation also leaves the stock sensitive to any slowdown in originations, profitability or member-product adoption.

Analysts Set New Price Targets

Several research firms have weighed in on SOFI. TD Cowen lowered 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 note on Thursday, April 30th. Needham & Company LLC reduced their price objective on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Truist Financial lifted their price objective on SoFi Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, August 12th. Stephens decreased their price target on SoFi Technologies from $26.00 to $25.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Finally, Morgan Stanley dropped their price objective on SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $22.42.

SoFi Technologies Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The business has a 50-day simple moving average of $17.61 and a 200 day simple moving average of $17.71. The firm has a market cap of $23.79 billion, a P/E ratio of 38.38 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The business's quarterly revenue was up 42.5% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 10,954 shares of the business's stock in a transaction on Monday, July 20th. The shares were sold at an average price of $17.19, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed 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 company's stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last three months, insiders have sold 125,219 shares of company stock worth $2,214,948. Insiders own 2.50% of the company's stock.

Institutional Trading of SoFi Technologies

Several large investors have recently bought and sold shares of SOFI. BlackRock Inc. bought a new stake in SoFi Technologies during the second quarter worth about $1,298,925,000. Norges Bank bought a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $321,515,000. Bank of America Corp DE bought a new position in shares of SoFi Technologies during the second quarter valued at approximately $163,808,000. State Street Corp lifted its holdings in shares of SoFi Technologies by 30.7% during the third quarter. State Street Corp now owns 24,300,498 shares of the company's stock valued at $642,019,000 after purchasing an additional 5,708,053 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of SoFi Technologies by 372.9% during the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company's stock valued at $174,116,000 after purchasing an additional 5,244,291 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

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.

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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