SoFi Technologies (NASDAQ:SOFI) Stock Jumps 2.7% – Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) traded up 2.7% during trading on Tuesday. The company traded as high as $14.99 and last traded at $14.68. Approximately 44,774,504 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 63,854,910 shares. The stock had previously closed at $14.30.

Key SoFi Technologies News

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

• Positive Sentiment: SoFi launched SOFIE, a tokenized deposit designed to function like a stablecoin while paying 4.40% APY. Each token is backed by a dollar deposit at SoFi Bank and carries FDIC insurance, potentially helping the company attract idle crypto cash, grow deposits and expand fee-generating digital-asset activity. Reuters article
• Positive Sentiment: The SOFIE launch is also being viewed as a differentiated offering because it combines yield and deposit insurance—features ordinary stablecoins generally do not provide. Successful adoption could strengthen SoFi’s banking and blockchain strategy. Decrypt article
• Positive Sentiment: SoFi and Prudential Financial agreed to offer term life insurance directly in the SoFi app to more than 15 million members, creating another cross-selling opportunity and broadening SoFi’s financial-services platform. Yahoo Finance article
• Positive Sentiment: Investors are positioning ahead of the expected October 27 earnings report. Analysts anticipate continued earnings growth and approximately $1.26 billion in revenue, while Benchmark upgraded the shares to “Strong Buy.” A beat could help restore confidence after the selloff. Earnings preview
• Neutral Sentiment: Earlier Mastercard and SoFiUSD initiatives, along with continued comparisons of SoFi’s student-loan products, reinforce the company’s broader payments, lending and digital-currency ambitions but offer limited immediate financial impact. MSN article
• Negative Sentiment: Despite record revenue and net income, SOFI has declined sharply this year, reflecting investor concerns about valuation, execution risk and whether new blockchain projects will translate into material profits. The upcoming earnings report is therefore a major test, and technical support remains fragile. Yahoo Finance analysis

Analyst Ratings Changes

Several research firms recently commented on SOFI. TD Cowen cut their target price on shares of SoFi Technologies from $18.00 to $17.50 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Stonex Financia upgraded shares of SoFi Technologies to a “strong-buy” rating in a research report on Monday, October 12th. Piper Sandler assumed coverage on shares of SoFi Technologies in a research report on Monday, August 17th. They issued an “overweight” rating and a $22.00 price target on the stock. Benchmark raised SoFi Technologies to a “strong-buy” rating in a report on Monday, October 12th. Finally, Needham & Company LLC cut their price objective on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.20.

SoFi Technologies Stock Performance

The firm’s fifty day simple moving average is $16.89 and its 200 day simple moving average is $17.10. The company has a market capitalization of $19.24 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 0.85 and a beta of 2.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10.

SoFi Technologies (NASDAQ:SOFI) last released 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 net margin of 14.78% and a return on equity of 6.22%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.08 earnings per share. The firm’s revenue was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.60 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the transaction, the chief technology officer owned 912,650 shares in the company, valued at approximately $15,971,375. The trade was a 2.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 Monday, September 21st. The shares were sold at an average price of $16.99, for a total value of $173,348.97. Following the transaction, the executive vice president directly owned 408,073 shares in the company, valued at $6,933,160.27. The trade was a 2.44% 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. Insiders sold 40,113 shares of company stock valued at $702,417 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently bought and sold shares of SOFI. Root Financial Partners LLC lifted its position in shares of SoFi Technologies by 16.2% in the third quarter. Root Financial Partners LLC now owns 13,531 shares of the company’s stock worth $213,000 after purchasing an additional 1,891 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of SoFi Technologies by 0.5% during the third quarter. SBI Securities Co. Ltd. now owns 927,511 shares of the company’s stock worth $14,580,000 after purchasing an additional 4,383 shares during the period. Axxcess Wealth Management LLC purchased a new position in SoFi Technologies during the third quarter valued at approximately $308,000. USAdvisors Wealth Management LLC grew its position in SoFi Technologies by 14.4% during the third quarter. USAdvisors Wealth Management LLC now owns 23,040 shares of the company’s stock valued at $362,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Parkside Investments LLC increased its stake in SoFi Technologies by 1.1% in the 3rd quarter. Parkside Investments LLC now owns 271,245 shares of the company’s stock valued at $4,264,000 after buying an additional 2,875 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 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.