SoFi Technologies (SOFI) Stock Jumps 4% as Fintech Names Bounce Back
TLDR
- SOFI rose 4.3% to $18.42, driven by a broad fintech sector rebound rather than a company-specific announcement
- Q2 revenue hit $1.21 billion, up 42.5% year over year, with EPS of $0.12 beating estimates by $0.01
- Record quarterly loan originations reached $14.8 billion in the most recent quarter
- Analyst consensus is Hold with a $22.42 price target; eight Buy ratings, ten Hold, three Sell
- Insiders sold 125,219 shares worth roughly $2.2 million over the past 90 days
SoFi Technologies (SOFI) climbed 4.3% to $18.42 on Wednesday, touching an intraday high of $18.72, as fintech stocks broadly bounced back on a favorable bond-market catalyst. The move appeared sector-driven, lifting peers like Upstart and Affirm alongside SOFI.
Trading volume came in at around 41 million, well below the average session volume of roughly 69 million.
The stock had closed the prior session at $17.66. It sits within a one-year range of $14.88 to $32.73.
SoFi posted Q2 revenue of $1.21 billion, comfortably ahead of the $1.11 billion analyst estimate. That represents 42.5% growth compared to the same quarter last year.
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