SoFi Technologies (NASDAQ:SOFI) Stock Price Up 4.6% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price shot up 4.6% on Wednesday . The company traded as high as $17.94 and last traded at $17.84. 40,057,106 shares were traded during mid-day trading, a decline of 41% from the average session volume of 67,396,492 shares. The stock had previously closed at $17.05.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: Kraken partnership expands SoFi’s digital-asset reach. Payward will connect to SoFi’s banking infrastructure to support faster money movement, payments and liquidity. It will also join the SoFi Exchange Network and list SoFiUSD on Kraken’s multi-asset trading platform, while supplying crypto liquidity through Kraken Prime. The deal could increase stablecoin usage, transaction activity and institutional adoption of SoFi’s banking and payments services. SoFi and Payward team up on banking and crypto market infrastructure
• Positive Sentiment: Scotiabank initiated coverage with a Sector Outperform rating and a $25 price target. The target implies roughly 35% upside from the referenced $18.51 level, providing a fresh institutional endorsement after a significant decline from SoFi’s 2025 high. Scotiabank Initiates SoFi Technologies at Sector Outperform
• Positive Sentiment: Fundamental momentum remains supportive. SoFi recently reported quarterly revenue of $1.21 billion, up 42.5% year over year, and earnings of $0.12 per share versus the $0.11 consensus estimate. Analysts and bullish investors also point to member growth, cross-selling and rising products per member as potential drivers of operating leverage.
• Neutral Sentiment: Investor expectations remain divided. Some commentary projects substantial long-term upside based on continued growth, while another analyst view cited in coverage still sees approximately 13% downside, indicating that valuation and execution risks remain material.
• Negative Sentiment: Higher Treasury yields remain a macroeconomic headwind. Rising benchmark rates can pressure rate-sensitive fintech lenders and increase volatility for SOFI, which has a beta of 2.20 and trades at a relatively elevated P/E ratio of about 38.6.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SOFI. Piper Sandler began coverage on shares of SoFi Technologies in a research report on Monday, August 17th. They issued an “overweight” rating and a $22.00 price objective for the company. The Goldman Sachs Group increased their target price on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Needham & Company LLC decreased their price target on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Morgan Stanley dropped their price objective on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, July 30th. Finally, Truist Financial increased their price objective on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.55.

SoFi Technologies Stock Performance

The stock’s 50-day moving average price is $17.88 and its 200-day moving average price is $17.47. The company has a market capitalization of $23.91 billion, a price-to-earnings ratio of 38.56, a P/E/G ratio of 1.47 and a beta of 2.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data 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 firm 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%.SoFi Technologies’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities research analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Insider Activity

In other 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 transaction of $1,815,746.94. Following the completion of the transaction, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This trade represents a 10.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 sale, the executive vice president owned 356,442 shares in the company, valued at approximately $6,415,956. This trade represents a 3.07% 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 a total of 136,505 shares of company stock worth $2,418,096 over the last quarter. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds have recently modified their holdings of the company. Valley Wealth Managers Inc. acquired a new stake in SoFi Technologies during the fourth quarter worth approximately $25,000. Vermillion Wealth Management Inc. lifted its stake in shares of 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 purchasing an additional 739 shares during the period. Reflection Asset Management acquired a new stake in shares of SoFi Technologies during the fourth quarter worth $28,000. Raiffeisen Bank International AG acquired a new stake in shares of SoFi Technologies during the fourth quarter worth $34,000. Finally, SHP Wealth Management purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at $36,000. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Company Profile

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.