SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.2% After Analyst Downgrade

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price traded down 1.2% on Thursday after Truist Financial lowered their price target on the stock from $28.00 to $21.00. Truist Financial currently has a hold rating on the stock. SoFi Technologies traded as low as $18.97 and last traded at $19.30. 53,011,495 shares changed hands during trading, a decline of 9% from the average session volume of 58,475,871 shares. The stock had previously closed at $19.54.

A number of other equities analysts also recently weighed in on the company. Barclays boosted their target price on SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Mizuho set a $38.00 price objective on SoFi Technologies in a research report on Thursday, October 30th. Keefe, Bruyette & Woods upped their price objective on SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group lowered their target price on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. Finally, Needham & Company LLC cut their price target on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus price target of $26.34.

Insider Activity

In related news, EVP Eric Schuppenhauer acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the purchase, the executive vice president owned 228,768 shares in the company, valued at $4,559,346.24. This trade represents a 2.23% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven J. Freiberg sold 94,225 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $20.31, for a total value of $1,913,709.75. Following the completion of the transaction, the director owned 588,849 shares of the company’s stock, valued at approximately $11,959,523.19. This represents a 13.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 251,130 shares of company stock valued at $6,003,238. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of SoFi Technologies in the fourth quarter worth $321,515,000. Vanguard Group Inc. increased its stake in SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock worth $2,829,640,000 after acquiring an additional 6,814,727 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of SoFi Technologies in the 2nd quarter valued at about $115,188,000. State Street Corp boosted its position in shares of SoFi Technologies by 30.7% during the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after acquiring an additional 5,708,053 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of SoFi Technologies by 372.9% during the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock valued at $174,116,000 after acquiring an additional 5,244,291 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Stock Down 1.2%

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The company has a fifty day moving average price of $24.89 and a 200 day moving average price of $26.20. The company has a market cap of $23.27 billion, a PE ratio of 50.79 and a beta of 2.13.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 6.48%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. During the same period in the previous year, the business posted $0.05 earnings per share. SoFi Technologies’s revenue for the quarter was up 39.6% on a year-over-year basis. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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.