SoFi Technologies (NASDAQ:SOFI) Stock Jumps 6.1% – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) was up 6.1% during mid-day trading on Thursday. The stock traded as high as $15.13 and last traded at $15.09. Approximately 62,417,089 shares were traded 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 SoFi Technologies News

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

• Positive Sentiment: SoFi continues to show strong operating momentum, including record loan originations, deposits and member growth. Second-quarter adjusted revenue reportedly increased about 40% year over year, supporting the long-term bullish case. SoFi Stock Is Down 46% Over the Past Year. Buy Now or Wait for Q3?
• Positive Sentiment: The company’s large deposit base and banking charter provide relatively flexible, lower-cost funding and support continued lending activity. Lending remains SoFi’s largest adjusted gross-profit contributor, which could benefit earnings if credit conditions remain manageable. SoFi: The Market Will Wake Up From Its Hangover Eventually
• Positive Sentiment: An analyst cited in recent coverage believes the shares could potentially double in 2027, arguing that the stock’s sharp decline has created an attractive long-term setup if SoFi maintains its growth trajectory. SoFi Technologies Imploded in 2026
• Neutral Sentiment: Unusually heavy call-option activity—about 451,000 contracts purchased, roughly 26% above average—signals increased speculative interest, but does not guarantee sustained buying or a lasting recovery.
• Neutral Sentiment: Investors are awaiting third-quarter results for evidence that revenue growth, loan demand and profitability can remain strong as the macroeconomic backdrop becomes more difficult.
• Negative Sentiment: Analysts warn that higher rates could pressure SoFi’s margins and lending growth. Longer-term revenue growth is also expected to moderate to just above 20%, making the stock’s valuation more difficult to justify if earnings momentum slows. Rising Rate Pressure Tests the Case For SoFi Stock
• Negative Sentiment: Recent broker coverage has generally settled on a “Hold” view, while technical analysts describe any rebound as potentially a “dead-cat bounce.” SoFi’s proximity to a new one-year low reinforces the market’s cautious stance. SoFi Stock Rated Hold

Analyst Ratings Changes

SOFI has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, July 30th. Mizuho dropped their price objective on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Wells Fargo & Company cut their price objective on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Keefe, Bruyette & Woods reissued an “underperform” rating on shares of SoFi Technologies in a research report on Monday, October 12th. Finally, Scotiabank assumed coverage on SoFi Technologies in a research report on Wednesday, September 2nd. They issued a “sector outperform” rating and a $25.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, SoFi Technologies has an average rating of “Hold” and an average target price of $22.20.

SoFi Technologies Stock Down 3.6%

The company has a market cap of $18.79 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 0.88 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’s fifty day moving average is $17.09 and its two-hundred day moving average is $17.11.

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. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%. The company’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Sell-side analysts predict that SoFi Technologies, Inc. will post 0.60 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 18,624 shares of the company’s 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 completion of the sale, the chief technology officer owned 912,650 shares in the company, valued at approximately $15,971,375. This represents 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 this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the sale, the executive vice president directly owned 356,442 shares of the company’s stock, valued at $6,415,956. The trade was a 3.07% 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. In the last ninety days, insiders have sold 51,067 shares of company stock worth $890,716. 2.50% of the stock is owned by insiders.

Institutional Trading of SoFi Technologies

Several institutional investors have recently made changes to their positions in SOFI. BlackRock Inc. purchased a new stake in shares of SoFi Technologies in the second quarter valued at about $1,298,925,000. Bank of America Corp DE purchased a new position in SoFi Technologies during the second quarter worth about $163,808,000. Dimensional Fund Advisors LP grew its position in SoFi Technologies by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock worth $144,539,000 after purchasing an additional 359,785 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in SoFi Technologies in the 2nd quarter worth about $93,937,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in SoFi Technologies by 2.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company’s stock valued at $90,348,000 after buying an additional 156,218 shares during the last quarter. 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.