SoFi Technologies (NASDAQ:SOFI) Shares Gap Up Following Better-Than-Expected Earnings

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $14.46, but opened at $15.98. SoFi Technologies shares last traded at $16.0740, with a volume of 44,236,201 shares trading hands.

The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm earned $0.11 EPS. SoFi Technologies’s quarterly revenue was up 44.4% compared to the same quarter last year.

More SoFi Technologies News

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

• Positive Sentiment: Quarterly results exceeded expectations. SoFi reported approximately $1.37 billion in third-quarter revenue versus the $1.25 billion consensus estimate, while earnings per share of $0.18 topped analyst expectations of roughly $0.16–$0.17. Net income reached a record $241 million, and revenue increased 44% year over year. SoFi Reports Third Quarter 2026
• Positive Sentiment: Lending and membership growth remained robust. Lending volume surged 71%, and membership reached approximately 17 million after another strong quarter of customer additions. The figures support management’s argument that SoFi is still gaining share from traditional financial institutions. Why is SoFi stock jumping today?
• Positive Sentiment: Management raised guidance and issued an optimistic 2027 outlook. SoFi now expects about $5.04 billion in adjusted revenue and $0.61 in adjusted EPS for 2026. Its initial 2027 forecast calls for adjusted EPS of roughly $0.90, implying approximately 48% growth and providing a catalyst for the shares. SoFi Expects to Earn 48% More in 2027
• Positive Sentiment: Analyst support added to the bullish reaction. Monness Crespi & Hardt initiated coverage with a Buy rating and a $20 price target, suggesting substantial upside from the referenced $14.46 level. SoFi receives a fresh Buy rating
• Neutral Sentiment: Investors will continue to monitor credit quality, net interest margins and the effect of interest rates on borrowing demand. SoFi’s high beta and valuation also leave the stock vulnerable to broad market volatility.
• Negative Sentiment: Prior concerns remain, including the stock trading well below its 52-week high and an earlier Truist price-target reduction to $16. These issues could limit gains if the strong guidance fails to translate into sustained profitability. Truist cuts target for SoFi

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SOFI. Needham & Company LLC dropped 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. Loop Capital started coverage on SoFi Technologies in a research note on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price for the company. Truist Financial decreased their target price on SoFi Technologies from $19.00 to $16.00 and set a “hold” rating for the company in a research note on Friday. The Goldman Sachs Group set a $15.00 target price on SoFi Technologies in a report on Tuesday, October 13th. Finally, Morgan Stanley cut their price target on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.95.

Insider Buying and Selling

In other news, CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the transaction, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. This represents a 2.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 10,203 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $14.72, for a total value of $150,188.16. Following the completion of the sale, the executive vice president owned 397,870 shares in the company, valued at $5,856,646.40. This trade represents a 2.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 50,316 shares of company stock worth $852,605 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Institutional Trading of SoFi Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in SOFI. BlackRock Inc. acquired a new stake in shares of SoFi Technologies in the second quarter valued at approximately $1,298,925,000. Bank of America Corp DE bought a new position in SoFi Technologies in the 2nd quarter worth approximately $163,808,000. D.A. Davidson & CO. lifted its holdings in SoFi Technologies by 22.2% during the 1st quarter. D.A. Davidson & CO. now owns 267,848 shares of the company’s stock worth $4,253,000 after buying an additional 48,682 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in SoFi Technologies by 24.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 189,849 shares of the company’s stock worth $3,015,000 after buying an additional 37,554 shares in the last quarter. Finally, Clare Market Investments LLC acquired a new position in SoFi Technologies during the 1st quarter worth $570,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Price Performance

The stock has a market capitalization of $20.79 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 0.85 and a beta of 2.33. 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 stock has a 50-day simple moving average of $16.66 and a 200 day simple moving average of $18.10.

About SoFi Technologies

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.