SoFi Technologies (NASDAQ:SOFI) Stock Price Up 6.1% – Here’s Why

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price traded up 6.1% during trading on Thursday. The company traded as high as $15.13 and last traded at $15.09. 62,417,089 shares changed hands during trading, a decline of 3% from the average daily volume of 64,109,078 shares. The stock had previously closed at $14.22.

Key Stories Impacting SoFi Technologies

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

SOFI has been the subject of several research analyst reports. Wells Fargo & Company cut their price target on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of SoFi Technologies in a research report on Monday. Truist Financial raised their target price 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. 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 report on Tuesday, October 6th. Finally, Piper Sandler started 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $22.20.

SoFi Technologies Trading Up 6.1%

The company has a market cap of $19.49 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.27 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. The company has a 50-day moving average of $17.23 and a 200 day moving average of $17.12.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data 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. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Analysts predict that SoFi Technologies, Inc. will post 0.60 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction 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 completion of the transaction, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at $15,971,375. The trade was a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 10,203 shares of SoFi Technologies stock in a transaction on Monday, September 21st. The stock was sold at an average price of $16.99, for a total transaction of $173,348.97. Following the transaction, the executive vice president directly owned 408,073 shares of the company’s stock, 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 have sold a total of 51,067 shares of company stock worth $890,716 in the last 90 days. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SoFi Technologies

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of SoFi Technologies during the second quarter valued at approximately $1,298,925,000. Bank of America Corp DE bought a new position in shares of SoFi Technologies during the second quarter valued at approximately $163,808,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of SoFi Technologies during the second quarter valued at approximately $93,937,000. Bank of New York Mellon Corp purchased a new stake in shares of SoFi Technologies in the second quarter worth approximately $72,531,000. Finally, Legal & General Group Plc purchased a new stake in shares of SoFi Technologies in the second quarter worth approximately $64,706,000. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Company Profile

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.