SoFi Technologies (NASDAQ:SOFI) Trading Up 3.7% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares shot up 3.7% during mid-day trading on Tuesday . The company traded as high as $18.71 and last traded at $18.70. Approximately 60,652,127 shares changed hands during trading, a decline of 14% from the average daily volume of 70,692,266 shares. The stock had previously closed at $18.03.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFi reported record second-quarter revenue of approximately $1.22 billion, up more than 40% year over year, while net income reached roughly $157 million. Record loan originations of $14.8 billion, 15.8 million members and 24.4 million products point to continued operating momentum. SoFi Technologies gains as investors focus on raised 2026 outlook and another record quarter
• Positive Sentiment: Management raised 2026 adjusted revenue guidance to $4.75 billion-$4.85 billion. Strong cross-selling, with more than half of new products opened by existing members, could improve customer lifetime value and support future fee-based revenue. SoFi’s Next Rally Depends On One Missing Ingredient
• Neutral Sentiment: Some investors and analysts believe the market is underestimating SoFi’s expanding financial-services platform and overestimating credit risk. Recent institutional activity was mixed, with several major firms adding shares while others reduced positions. SOFI Stock Got Hit With Price-Target Cuts After Q2 Earnings
• Negative Sentiment: Wall Street remains cautious despite the earnings beat. Technology Platform revenue was still down 23% year over year, and Galileo’s weakening margins led management to prioritize reinvestment while leaving EBITDA and earnings guidance unchanged. SoFi’s Next Rally Depends On One Missing Ingredient
• Negative Sentiment: Analyst skepticism and valuation concerns continue to weigh on the shares. Mizuho lowered its price target to $22, while broader coverage reportedly remains mostly cautious even after the stock’s substantial decline from its 52-week high. Mizuho Cuts SoFi Technologies Price Target to $22.00

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC reduced their price target on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. TD Cowen cut their target price on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Wells Fargo & Company reduced their target price on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. UBS Group decreased their price target on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, Barclays lowered their price target on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.38.

SoFi Technologies Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The company’s 50-day simple moving average is $17.34 and its 200-day simple moving average is $18.30. The company has a market cap of $23.99 billion, a price-to-earnings ratio of 38.96 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data 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. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.39%. The business’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. 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 0.61 EPS for the current year.

Insider Activity

In other SoFi Technologies news, 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 trade represents a 10.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, CEO Anthony Noto bought 15,545 shares of the business’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the transaction, the chief executive officer owned 11,946,619 shares in the company, valued at $191,145,904. This represents a 0.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 135,256 shares of company stock worth $2,370,822 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of SoFi Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of SoFi Technologies by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after purchasing an additional 3,900,895 shares in the last quarter. North Dakota State Investment Board bought a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $1,044,000. Brighton Jones LLC raised its holdings in shares of SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares in the last quarter. Friedenthal Financial acquired a new stake in SoFi Technologies during the fourth quarter valued at approximately $926,000. Finally, Alberta Investment Management Corp bought a new stake in SoFi Technologies during the fourth quarter worth approximately $13,299,000. 38.43% of the stock is owned by institutional investors and hedge funds.

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.