SoFi Technologies (NASDAQ:SOFI) Trading Up 8% After Earnings Beat

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price shot up 8% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $16.48 and last traded at $16.47. Approximately 81,947,074 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 70,757,461 shares. The stock had previously closed at $15.25.

The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: Q2 results exceeded expectations. SoFi reported adjusted EPS of $0.12 versus the $0.11 consensus and revenue of $1.21 billion versus $1.11 billion expected. Revenue rose 42.5% year over year, while earnings increased from $0.08 in the prior-year quarter. SoFi Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Membership and lending momentum remained strong. Members grew 35% to 15.8 million, and quarterly loan originations reached a record $14.8 billion. Cross-selling also improved, with existing members generating 51% of new products. SoFi Record Revenue and Raised Forecast
• Positive Sentiment: Full-year revenue guidance was raised. SoFi now expects 2026 revenue of approximately $4.8 billion to $4.9 billion, above the roughly $4.7 billion analyst consensus. Management highlighted stable credit quality, lending strength and AI investments intended to improve engineering productivity and customer service. SoFi Lifts 2026 Revenue Forecast
• Neutral Sentiment: Options activity suggests speculative bullish interest. Investors purchased about 439,000 SOFI call options, roughly 14% above typical volume. This may support near-term trading momentum but does not change the company’s fundamentals.
• Negative Sentiment: Analyst target reductions remain an overhang. Morgan Stanley lowered its target from $16 to $15 and maintained an Underweight rating. Wells Fargo cut its target from $18 to $17 while retaining Equal Weight, reflecting caution about valuation, execution and interest-rate sensitivity.
• Negative Sentiment: Profit outlook was not raised. Although revenue guidance improved, SoFi maintained its 2026 EPS guidance at $0.60, leaving investors concerned that increased growth spending and AI investment could limit near-term margin expansion. An executive’s pre-arranged sale of 10,954 shares adds a minor sentiment headwind.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SOFI shares. Barclays dropped 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. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Morgan Stanley lowered their target price on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday. Truist Financial lifted their price target on SoFi Technologies from $17.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 24th. Finally, Stephens cut their price target on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.67.

Insider Buying and Selling

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 shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the transaction, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 company’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $16.00 per share, with a total value of $248,720.00. Following the transaction, the chief executive officer directly owned 11,946,619 shares in the company, valued at approximately $191,145,904. The trade was a 0.13% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 135,256 shares of company stock worth $2,370,822 over the last three months. 2.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SoFi Technologies

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

SoFi Technologies Stock Up 8.0%

The firm has a fifty day simple moving average of $17.26 and a 200-day simple moving average of $18.52. The company has a market capitalization of $21.13 billion, a P/E ratio of 37.43 and a beta of 2.14. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

About SoFi Technologies

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.