SoFi Technologies (NASDAQ:SOFI) Shares Up 4.3% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price traded up 4.3% during mid-day trading on Wednesday . The company traded as high as $18.72 and last traded at $18.42. 41,024,437 shares were traded during trading, a decline of 41% from the average daily volume of 68,991,445 shares. The stock had previously closed at $17.66.

SoFi Technologies News Summary

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.

Wall Street Analyst Weigh In

SOFI has been the topic of several analyst reports. Piper Sandler started coverage on SoFi Technologies in a report on Monday. They issued an “overweight” rating and a $22.00 target price on the stock. UBS Group lowered their price target on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Truist Financial upped their price target on shares of SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price objective on shares of SoFi Technologies in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.42.

SoFi Technologies Trading Up 4.3%

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

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, research 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 10,954 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 367,728 shares of the company’s stock, valued at $6,321,244.32. The trade was a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction that occurred 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 sale, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. This represents a 10.24% decrease in their position. 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. Insiders sold 125,219 shares of company stock valued at $2,214,948 over the last quarter. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Valley Wealth Managers Inc. purchased a new position in SoFi Technologies during the fourth quarter valued at $25,000. Vermillion Wealth Management Inc. raised its position in shares of SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares during the period. Reflection Asset Management purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $28,000. Quaker Wealth Management LLC boosted its holdings in SoFi Technologies by 2,745.2% in the 4th quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company’s stock worth $31,000 after buying an additional 1,153 shares during the period. Finally, American Capital Advisory LLC boosted its holdings in SoFi Technologies by 456.7% in the 4th quarter. American Capital Advisory LLC now owns 1,297 shares of the company’s stock worth $34,000 after buying an additional 1,064 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.

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.