SoFi Technologies (NASDAQ:SOFI) Shares Up 13.4% After Better-Than-Expected Earnings

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price was up 13.4% during mid-day trading on Tuesday following a stronger than expected earnings report. The company traded as high as $16.76 and last traded at $16.40. Approximately 160,370,523 shares traded hands during mid-day trading, an increase of 151% from the average session volume of 63,814,254 shares. The stock had previously closed at $14.46.

The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $0.11 EPS. The company’s revenue for the quarter was up 44.4% on a year-over-year basis.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: Quarterly results exceeded expectations: SoFi reported adjusted earnings of $0.18 per share versus the $0.17 consensus estimate, while revenue reached approximately $1.37 billion to $1.39 billion, well above the expected $1.25 billion. Revenue increased 44.4% year over year, and net income reached $241 million. SoFi Says It Had an Exceptional Quarter
• Positive Sentiment: Lending and membership growth remained strong: Management highlighted record lending demand, reportedly up 71%, and membership reaching roughly 17 million. The growth supports SoFi’s strategy of expanding customer relationships across multiple financial products. SoFi Stock Jumps as Consumer Lending Boom Accelerates
• Positive Sentiment: Guidance was raised and 2027 growth expectations were introduced: SoFi now expects approximately $5.04 billion of 2026 adjusted revenue and about $0.61 of adjusted EPS. Management also projected roughly 48% adjusted EPS growth in 2027, to approximately $0.90, giving investors greater visibility into future profitability. SoFi Expects 48% Earnings Growth in 2027
• Positive Sentiment: Analyst support improved: Monness Crespi & Hardt initiated coverage with a Buy rating and a $20 price target, implying potential upside from recent trading levels. SoFi Receives a Buy Rating and $20 Target
• Neutral Sentiment: Investors are still assessing whether SoFi can convert rapid customer additions into higher revenue per product and sustain its premium valuation.
• Negative Sentiment: Higher interest rates and credit-related risks remain potential headwinds for the lending business. Truist previously lowered its price target to $16, underscoring ongoing valuation concerns. Truist Cuts SoFi Price Target

Wall Street Analyst Weigh In

A number of research firms have recently commented on SOFI. Benchmark upgraded SoFi Technologies to a “strong-buy” rating in a research note on Monday, October 12th. The Goldman Sachs Group set a $15.00 price target on shares of SoFi Technologies in a research report on Tuesday, October 13th. Mizuho decreased their price objective on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Morgan Stanley decreased their price objective 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. Finally, Loop Capital began coverage on shares of SoFi Technologies in a research report on Tuesday, September 8th. They issued a “hold” rating and a $22.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.95.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the sale, the chief technology officer owned 912,650 shares of the company’s stock, valued at $15,971,375. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of SoFi Technologies 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 sale, the executive vice president owned 356,442 shares of the company’s stock, valued at approximately $6,415,956. The trade was a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 50,316 shares of company stock valued at $852,605 over the last 90 days. 2.50% of the stock is owned by company insiders.

Institutional Trading of SoFi Technologies

Several hedge funds have recently added to or reduced their stakes in SOFI. Capital Advisors Inc. OK raised its holdings in shares of SoFi Technologies by 2.2% during the second quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company’s stock worth $508,000 after acquiring an additional 615 shares in the last quarter. Mayflower Financial Advisors LLC grew its stake in SoFi Technologies by 2.3% in the first quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company’s stock valued at $464,000 after purchasing an additional 653 shares in the last quarter. CX Institutional grew its stake in SoFi Technologies by 36.2% in the second quarter. CX Institutional now owns 2,477 shares of the company’s stock valued at $44,000 after purchasing an additional 658 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in SoFi Technologies by 44.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company’s stock valued at $35,000 after purchasing an additional 689 shares in the last quarter. Finally, Archer Investment Corp increased its position in SoFi Technologies by 27.6% in the 1st quarter. Archer Investment Corp now owns 3,191 shares of the company’s stock worth $51,000 after purchasing an additional 691 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Stock Performance

The firm has a 50-day simple moving average of $16.66 and a two-hundred day simple moving average of $18.10. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 0.85 and a beta of 2.33.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.