SoFi Technologies (NASDAQ:SOFI) Stock Jumps 1.5% – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) rose 1.5% during mid-day trading on Thursday. The company traded as high as $16.87 and last traded at $16.80. 49,596,009 shares were traded during mid-day trading, a decline of 24% from the average session volume of 65,642,695 shares. The stock had previously closed at $16.55.

Key SoFi Technologies News

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

• Positive Sentiment: SoFi Bank has begun settling its entire debit- and credit-card program on Mastercard’s network using SoFiUSD, its dollar-backed stablecoin. The initiative covers more than $25 billion in annualized card volume and makes SoFi the first reported nationally chartered U.S. bank to use a bank-issued stablecoin for live card settlement. SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
• Positive Sentiment: The Mastercard integration could lower settlement costs, improve liquidity and expand SoFi’s fee-based revenue beyond lending. Additional applications, including cross-border payments and remittances, could strengthen the company’s “everything app” strategy. SoFi Brings SoFiUSD to Mastercard
• Neutral Sentiment: SoFi’s latest reported quarter showed strong fundamentals, with revenue rising 42.5% year over year to $1.21 billion and earnings exceeding analyst expectations. However, investors are waiting for evidence that stablecoin settlement will produce material incremental earnings.
• Neutral Sentiment: SOFI has elevated short interest, which could increase volatility and create short-squeeze potential, but also signals that a sizable group of investors remains skeptical of the valuation and growth outlook. High Short Interest Stocks
• Negative Sentiment: Consumer-lending stocks, including SoFi, sold off while the broader financial sector was relatively stable. The move reflects concerns about credit and macroeconomic sensitivity, even though SoFi has reported improving delinquencies and charge-offs. Consumer Lending Stocks Slide
• Negative Sentiment: Commentary questioning whether stablecoins have achieved broad consumer and merchant adoption is limiting the immediate market impact of SoFiUSD. Two executives also sold shares under pre-arranged Rule 10b5-1 plans, adding some sentiment pressure, although both retained substantial holdings.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SOFI shares. Needham & Company LLC reduced their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Wells Fargo & Company decreased their price objective on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Loop Capital assumed coverage on shares of SoFi Technologies in a research note on Tuesday, September 8th. They set a “hold” rating and a $22.00 price objective on the stock. Scotiabank initiated coverage on shares of SoFi Technologies in a report on Wednesday, September 2nd. They set a “sector outperform” rating and a $25.00 price objective on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.52.

SoFi Technologies Stock Up 1.5%

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 firm has a 50-day moving average of $17.63 and a 200 day moving average of $17.31. The stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.41 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company posted $0.08 earnings per share. SoFi Technologies’s quarterly revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the 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 owned 356,442 shares in the company, valued at $6,415,956. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the transaction, the chief technology officer owned 912,650 shares in the company, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their position. 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 51,067 shares of company stock worth $890,716 in the last ninety days. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in SOFI. BlackRock Inc. acquired a new position in shares of SoFi Technologies during the 2nd quarter worth $1,298,925,000. Alberta Investment Management Corp bought a new stake in shares of SoFi Technologies in the fourth quarter worth $13,299,000. Allstate Corp raised its position in shares of SoFi Technologies by 117.3% during the fourth quarter. Allstate Corp now owns 89,452 shares of the company’s stock worth $2,342,000 after acquiring an additional 48,283 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of SoFi Technologies in the 2nd quarter worth approximately $163,808,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in SoFi Technologies by 11.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 375,700 shares of the company’s stock valued at $9,836,000 after acquiring an additional 40,000 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.