SoFi Technologies (NASDAQ:SOFI) Stock Jumps 1.5% – Here’s Why

SoFi Technologies, Inc. (NASDAQ:SOFI) shares shot up 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 Stories Impacting SoFi Technologies

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.

Analysts Set New Price Targets

A number of analysts recently weighed in on SOFI shares. Piper Sandler began coverage on shares of SoFi Technologies in a research note on Monday, August 17th. They set an “overweight” rating and a $22.00 price target for the company. Scotiabank began coverage on SoFi Technologies in a report on Wednesday, September 2nd. They issued a “sector outperform” rating and a $25.00 price target on the stock. Wells Fargo & Company cut their target price on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group increased their price objective on SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley cut their price target on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.52.

SoFi Technologies Trading Up 1.5%

The firm has a fifty day moving average of $17.63 and a 200 day moving average of $17.31. 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 firm has a market capitalization of $21.70 billion, a PE ratio of 35.00, a P/E/G ratio of 1.41 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 net margin of 14.78% and a return on equity of 6.22%. The business’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 10,203 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $16.99, for a total value of $173,348.97. Following the sale, the executive vice president directly owned 408,073 shares of the company’s stock, valued at $6,933,160.27. This represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the transaction, the chief technology officer directly owned 912,650 shares in the company, valued at $15,971,375. The trade was 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. In the last 90 days, insiders sold 51,067 shares of company stock valued at $890,716. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SOFI. Vermillion Wealth Management Inc. boosted its position in SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 739 shares during the period. Reflection Asset Management bought a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $28,000. SHP Wealth Management bought a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $36,000. Compass Financial Management LLC acquired a new stake in SoFi Technologies during the second quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC boosted its holdings in SoFi Technologies by 232.1% during the first quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock worth $34,000 after buying an additional 1,467 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

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.