SoFi Technologies (NASDAQ:SOFI) Trading Down 2.7% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares dropped 2.7% during trading on Tuesday . The company traded as low as $18.04 and last traded at $18.29. Approximately 61,654,589 shares changed hands during trading, a decline of 2% from the average daily volume of 62,798,418 shares. The stock had previously closed at $18.79.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SOFI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. Truist Financial cut their price objective on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Needham & Company LLC reduced their price objective on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Bank of America began coverage on SoFi Technologies in a research report on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 target price on the stock. Finally, UBS Group set a $24.50 price target on SoFi Technologies in a research note on Monday, February 2nd. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average target price of $26.34.

SoFi Technologies Stock Down 4.4%

The company has a market cap of $22.60 billion, a price-to-earnings ratio of 46.65 and a beta of 2.20. The business has a 50-day simple moving average of $22.47 and a two-hundred day simple moving average of $25.76. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The firm’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, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Steven J. Freiberg sold 94,225 shares of SoFi Technologies stock in a transaction on Friday, February 6th. The shares were sold at an average price of $20.31, for a total value of $1,913,709.75. Following the transaction, the director owned 588,849 shares in the company, valued at $11,959,523.19. This trade represents a 13.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Robert S. Lavet purchased 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were purchased at an average price of $21.04 per share, with a total value of $105,200.00. Following the completion of the acquisition, the general counsel directly owned 17,172 shares of the company’s stock, valued at approximately $361,298.88. This trade represents a 41.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 214,753 shares of company stock valued at $5,045,087. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SoFi Technologies

Institutional investors have recently made changes to their positions in the business. Lake Street Private Wealth LLC boosted its stake in SoFi Technologies by 4.9% during the 4th quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock valued at $219,000 after purchasing an additional 390 shares during the period. Xcel Wealth Management LLC lifted its holdings in shares of SoFi Technologies by 0.6% during the third quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock worth $1,874,000 after buying an additional 392 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in shares of SoFi Technologies by 0.4% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock worth $2,866,000 after buying an additional 401 shares during the last quarter. First Horizon Corp boosted its position in shares of SoFi Technologies by 14.9% in the fourth quarter. First Horizon Corp now owns 3,116 shares of the company’s stock valued at $82,000 after acquiring an additional 405 shares during the period. Finally, Cigna Investments Inc. New grew its stake in shares of SoFi Technologies by 3.8% in the fourth quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock worth $299,000 after acquiring an additional 416 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

About SoFi Technologies

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.