SoFi Technologies (NASDAQ:SOFI) Stock Breaks Above Fifty Day Moving Average – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $16.62 and traded as high as $17.25. SoFi Technologies shares last traded at $17.14, with a volume of 82,025,491 shares.

More SoFi Technologies News

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

• Positive Sentiment: Strong Q3 beat: SoFi reported approximately $1.37 billion in revenue, up 44.4% year over year, and adjusted earnings of $0.18 per share versus the $0.17 consensus estimate. Profitability, operating leverage and record member and product growth exceeded expectations. SoFi Q3 earnings and revenues surpass estimates
• Positive Sentiment: Guidance raised: Management lifted its 2026 adjusted net revenue outlook to about $5.04 billion and introduced a 2027 forecast of roughly $6.4 billion in adjusted revenue and $0.90 adjusted EPS. The projected earnings growth and expectation that internally generated capital will fund 2027 expansion supported investor optimism. SoFi projects 2027 revenue and earnings
• Positive Sentiment: Growth across the platform: Lending volume, member engagement, cross-selling and product adoption continued to expand, while deposits and a reported 6.14% net interest margin provide a lower-cost funding advantage. Management also highlighted capital flexibility and long-term potential to substantially increase products per member. SoFi Q3 earnings review
• Neutral Sentiment: Analyst reaction is mixed: Wells Fargo raised its price target to $18 while maintaining an equal-weight rating. Keefe, Bruyette & Woods raised its target to $16 but retained an underperform rating, signaling limited consensus on the stock’s near-term upside.
• Negative Sentiment: Valuation and lending risks remain: Analysts caution that the rally has increased valuation concerns, while SoFi’s expanding consumer-lending exposure leaves results sensitive to credit losses, fraud and broader economic weakness. The stock also remains substantially below its 12-month high, underscoring lingering investor skepticism. SoFi stock rallies after earnings

Analyst Ratings Changes

Several analysts have commented on SOFI shares. Keefe, Bruyette & Woods raised their target price on shares of SoFi Technologies from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Wednesday. The Goldman Sachs Group set a $15.00 price objective on shares of SoFi Technologies in a research report on Tuesday, October 13th. Monness Crespi & Hardt assumed coverage on shares of SoFi Technologies in a research report on Monday. They set a “buy” rating and a $20.00 price objective for the company. Stonex Financia upgraded shares of SoFi Technologies to a “strong-buy” rating in a report on Monday, October 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 price objective on shares of SoFi Technologies in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.18.

SoFi Technologies Stock Performance

The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 0.85 and a beta of 2.33. The stock has a 50-day moving average of $16.62 and a 200-day moving average of $17.99. 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 issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share for the quarter, topping 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 company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business earned $0.11 EPS. The business’s quarterly revenue was up 44.4% on a year-over-year basis. As a group, analysts anticipate that SoFi Technologies, Inc. will post 0.60 EPS for the current fiscal year.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 10,203 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $14.72, for a total transaction of $150,188.16. Following the transaction, the executive vice president owned 397,870 shares of the company’s stock, valued at $5,856,646.40. The trade was a 2.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction that occurred 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 sale, the chief technology officer owned 912,650 shares in the company, valued at approximately $15,971,375. This represents a 2.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 50,316 shares of company stock worth $852,605 over the last three months. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Intrua Financial LLC increased its position in SoFi Technologies by 9.9% during the third quarter. Intrua Financial LLC now owns 19,515 shares of the company’s stock worth $307,000 after buying an additional 1,750 shares during the last quarter. Partners Wealth Management LLC bought a new stake in SoFi Technologies in the third quarter valued at approximately $287,000. D.A. Davidson & CO. lifted its position in shares of SoFi Technologies by 33.4% in the third quarter. D.A. Davidson & CO. now owns 397,064 shares of the company’s stock valued at $6,242,000 after buying an additional 99,405 shares during the last quarter. North Dakota State Investment Board lifted its position in shares of SoFi Technologies by 7.2% in the third quarter. North Dakota State Investment Board now owns 38,660 shares of the company’s stock valued at $608,000 after buying an additional 2,605 shares during the last quarter. Finally, Convergence Financial LLC boosted its stake in shares of SoFi Technologies by 11.6% during the 3rd quarter. Convergence Financial LLC now owns 670,148 shares of the company’s stock worth $10,535,000 after acquiring an additional 69,882 shares during the period. 38.43% of the stock is owned by institutional investors.

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.