SoFi Technologies (NASDAQ:SOFI) Shares Climb 6.1% – Here’s Why

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) rose 6.1% on Thursday. The company traded as high as $15.13 and last traded at $15.09. 62,417,089 shares were traded during mid-day trading, a decline of 3% from the average session volume of 64,109,078 shares. The stock had previously closed at $14.22.

SoFi Technologies News Summary

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

• Positive Sentiment: New bullish analyst coverage: StoneX initiated coverage with a “Buy” rating, citing an attractive valuation after SoFi’s 2026 selloff. Benchmark Co. also upgraded the stock to “strong buy,” providing positive sentiment and potential support for a rebound. StoneX Initiates SoFi Technologies At Buy
• Positive Sentiment: Strong business momentum: SoFi reportedly posted record loan originations, deposits and member growth. One Wall Street analyst believes the shares could potentially double in 2027 if the company continues converting that growth into earnings and broader financial-services expansion. SoFi Technologies Imploded in 2026
• Neutral Sentiment: Valuation debate: Coverage suggests SoFi may be roughly 10% below fair value, but investors remain focused on whether its growth justifies the valuation amid a sharp year-to-date decline. Heavy investor searches indicate elevated attention, not necessarily a fundamental change. SoFi Faces Inflation Pressure
• Negative Sentiment: Higher-rate pressure: Rising long-term yields and inflation concerns are tightening lending spreads and weighing on fintech and banking stocks, offsetting the positive impact of the analyst upgrades. SoFi Falls Despite StoneX Buy Initiation
• Negative Sentiment: Potentially fragile rebound: Technical analysis warns that the current rally could be a “dead cat bounce,” while the stock recently reached a 52-week low. This signals continued volatility and skepticism despite improving operating metrics. SOFI Rally Could Be a Dead Cat Bounce

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Mizuho lowered their target price on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. TD Cowen reduced their price target on shares of SoFi Technologies from $18.00 to $17.50 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. Truist Financial lifted their price objective on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Wells Fargo & Company decreased their price objective on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Finally, Morgan Stanley lowered their price objective on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.20.

SoFi Technologies Trading Up 6.1%

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 stock has a 50-day simple moving average of $17.23 and a two-hundred day simple moving average of $17.12. The firm has a market capitalization of $19.49 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 1.27 and a beta of 2.33.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business earned $0.08 EPS. The business’s revenue for the quarter 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, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.60 earnings per share for the current year.

Insider Activity

In other news, CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $17.50, for a total transaction of $325,920.00. Following the transaction, the chief technology officer directly owned 912,650 shares in the company, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of SoFi Technologies stock in a transaction that occurred on Thursday, August 20th. The shares were 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 in the company, valued at approximately $6,415,956. The trade was a 3.07% 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. Over the last quarter, insiders have sold 51,067 shares of company stock worth $890,716. 2.50% of the stock is owned by company insiders.

Institutional Trading of SoFi Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of SOFI. Reflection Asset Management purchased a new stake in shares of SoFi Technologies during the 4th quarter worth $28,000. Cornerstone Planning Group LLC raised its holdings in SoFi Technologies by 232.1% in the first quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock worth $34,000 after purchasing an additional 1,467 shares in the last quarter. Compass Financial Management LLC bought a new position in SoFi Technologies in the second quarter worth about $34,000. MassMutual Private Wealth & Trust FSB raised its holdings in SoFi Technologies by 44.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company’s stock worth $35,000 after purchasing an additional 689 shares in the last quarter. Finally, SHP Wealth Management purchased a new stake in shares of SoFi Technologies during the fourth quarter valued at about $36,000. Institutional investors own 38.43% of the company’s stock.

About SoFi Technologies

SoFi Technologies, Inc is a financial technology company that provides digital financial services through its SoFi platform. Founded in 2011 as a student-loan refinancing business, the company has expanded into a broader digital banking and personal-finance provider serving consumers primarily in the United States.

SoFi offers products including personal loans, student-loan refinancing, home loans, checking and savings accounts, credit cards, investment accounts, and financial-planning tools.