SoFi Technologies (NASDAQ:SOFI) Shares Up 1.1% – Here’s What Happened
by Sarita Garza · The Markets DailySoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report)’s share price rose 1.1% on Tuesday . The company traded as high as $17.96 and last traded at $17.16. 97,973,948 shares changed hands during mid-day trading, an increase of 49% from the average daily volume of 65,774,227 shares. The stock had previously closed at $16.97.
Key Stories Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: Stablecoin settlement is now live: SoFi Bank said it became the first nationally chartered U.S. bank to settle debit- and credit-card transactions using its dollar-backed SoFiUSD stablecoin over Mastercard’s network. The program covers a card portfolio with more than $25 billion in annualized volume, giving investors a large real-world test case for bank-issued digital currency. SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
- Positive Sentiment: Potential growth beyond card settlement: SoFi and Mastercard are exploring additional SoFiUSD applications, including cross-border payments and remittances. Investors view the initiative as a way for SoFi to expand its financial-services ecosystem, lower settlement friction and create new blockchain-related revenue opportunities. Mastercard and SoFi Bring Stablecoin Settlement to Cards
- Positive Sentiment: Credit trends remain supportive: Coverage indicates that SoFi’s record loan originations have not yet led to worsening credit performance; charge-offs and delinquencies have improved. Sustained credit quality could support profitability as the company continues expanding lending. SoFi Technologies Maintains Strong Credit Quality
- Neutral Sentiment: Investor enthusiasm is competing with valuation and execution concerns: Some commentators describe SOFI as a high-growth opportunity comparable to major technology winners, while other coverage notes that the stock has experienced a substantial decline this year. The stablecoin rollout is strategically important, but its financial impact will depend on adoption, transaction economics and regulatory developments.
- Negative Sentiment: Analyst sentiment remains cautious: SoFi carries a consensus “Hold” rating, suggesting that the stablecoin catalyst has not eliminated concerns about valuation, competition, lending growth and the company’s ability to convert new initiatives into durable earnings. SoFi Technologies Given Consensus Rating of Hold
Analysts Set New Price Targets
SOFI has been the subject of several recent research reports. Piper Sandler began coverage on SoFi Technologies in a research report on Monday, August 17th. They issued an “overweight” rating and a $22.00 price target for the company. Weiss Ratings upgraded SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Mizuho lowered their price objective on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. The Goldman Sachs Group lifted their target price on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, Wells Fargo & Company cut their target price on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.52.
Check Out Our Latest Stock Analysis on SoFi Technologies
SoFi Technologies Price Performance
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 company has a market capitalization of $22.16 billion, a P/E ratio of 35.75, a P/E/G ratio of 1.39 and a beta of 2.20. The firm’s fifty day moving average is $17.68 and its 200 day moving average is $17.34.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.08 earnings per share. The firm’s quarterly revenue was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, analysts predict that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.
Insider Buying and Selling at SoFi Technologies
In related news, EVP Kelli Keough sold 11,286 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the sale, the executive vice president directly owned 356,442 shares of the company’s stock, valued at approximately $6,415,956. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.50% of the company’s stock.
Institutional Trading of SoFi Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in SoFi Technologies in the 2nd quarter worth about $1,298,925,000. Alberta Investment Management Corp bought a new stake in SoFi Technologies during the 4th quarter valued at about $13,299,000. Allstate Corp boosted its position in SoFi Technologies by 117.3% in the 4th quarter. Allstate Corp now owns 89,452 shares of the company’s stock valued at $2,342,000 after buying an additional 48,283 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in SoFi Technologies by 11.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 375,700 shares of the company’s stock valued at $9,836,000 after buying an additional 40,000 shares during the period. Finally, Bank of America Corp DE bought a new position in SoFi Technologies in the 2nd quarter worth about $163,808,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.
About SoFi Technologies
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.