SoFi Technologies (NASDAQ:SOFI) Shares Down 1.6% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price fell 1.6% during trading on Wednesday . The stock traded as low as $15.44 and last traded at $15.63. 57,389,476 shares were traded during trading, a decline of 11% from the average session volume of 64,265,566 shares. The stock had previously closed at $15.88.

More SoFi Technologies News

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

• Positive Sentiment: SoFi’s CEO bought roughly $500k of SOFI shares after the short-seller report, a common signal intended to reassure investors and suggest management confidence amid scrutiny. How Investors May Respond To SoFi Technologies (SOFI) Short-Seller Allegations And CEO Stock Purchase
• Positive Sentiment: Longer-term bull narratives remain in coverage (articles arguing SoFi’s tech/productivity loop could drive multisector growth), which supports a “recovery” thesis if execution and disclosures clear short-term doubts. How SoFi’s financial services productivity loop and technology platform could turn 2,000 shares into a multibagger investment
• Neutral Sentiment: SoFi scheduled its Q1 2026 earnings release and conference call for April 29 — a key near-term catalyst where management can address Muddy Waters’ claims and provide forward guidance. SoFi Schedules Conference Call to Discuss Q1 2026 Results
• Neutral Sentiment: SoFi is a trending / widely searched stock this morning, which can amplify intraday volatility but doesn’t by itself change fundamentals. SoFi Technologies, Inc. (SOFI) Is a Trending Stock: Facts to Know Before Betting on It and SoFi Technologies, Inc. (SOFI) Is a Trending Stock: Facts to Know Before Betting on It (Zacks)
• Negative Sentiment: Muddy Waters’ fresh allegations (unrecorded debt, inflated EBITDA, warnings about a potential ~$1B EBITDA risk tied to JPMorgan deal language) have driven negative headlines and analyst/investor concern — the principal reason sentiment is weak. SoFi stock eyes worst quarter in 4 years: Muddy Waters returns with fresh JPMorgan deal warning, warns of $1B EBITDA risk
• Negative Sentiment: Analyst/short-seller pieces (e.g., Seeking Alpha and other reports) highlight execution and accounting risks that could pressure multiples and investor appetite until audited disclosures or independent reviews resolve questions. SoFi: Bulls Are Overlooking The Biggest Risk In The Story
• Negative Sentiment: Press reports that SoFi’s brokerage might be excluded from large IPO retail allocations (SpaceX) raised concerns about lost trading/revenue opportunities, though Elon Musk later disputed exclusions; the headlines still add to near-term uncertainty for the brokerage segment. Is E*Trade About to Cut Robinhood and SoFi Out of the SpaceX IPO?

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SOFI. UBS Group set a $24.50 price objective on shares of SoFi Technologies in a research note on Monday, February 2nd. Needham & Company LLC dropped their target price on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research note on Tuesday, February 3rd. Wells Fargo & Company began coverage on SoFi Technologies in a research report on Thursday, March 19th. They issued an “equal weight” rating and a $19.00 price target on the stock. Finally, The Goldman Sachs Group decreased their price objective on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and a consensus price target of $25.91.

SoFi Technologies Stock Down 1.6%

The firm has a market cap of $19.93 billion, a P/E ratio of 41.13 and a beta of 2.20. The firm’s 50 day moving average is $19.62 and its two-hundred day moving average is $24.89. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. During the same period last year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, Director Steven J. Freiberg sold 94,225 shares of the 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 sale, the director directly owned 588,849 shares in the company, valued at $11,959,523.19. This represents a 13.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 9,742 shares of SoFi Technologies stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $16.94, for a total value of $165,029.48. Following the transaction, the executive vice president owned 343,026 shares in the company, valued at $5,810,860.44. This trade represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have acquired 38,900 shares of company stock worth $705,398 and have sold 218,148 shares worth $4,161,735. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of SoFi Technologies by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after buying an additional 3,900,895 shares during the period. State Street Corp lifted its position in SoFi Technologies by 6.7% in the 4th quarter. State Street Corp now owns 25,937,928 shares of the company’s stock valued at $679,055,000 after acquiring an additional 1,637,430 shares in the last quarter. Geode Capital Management LLC lifted its position in SoFi Technologies by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock valued at $618,395,000 after acquiring an additional 1,951,248 shares in the last quarter. Morgan Stanley boosted its stake in SoFi Technologies by 33.6% in the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after purchasing an additional 3,350,258 shares during the period. Finally, Norges Bank bought a new position in SoFi Technologies during the 4th quarter worth about $321,515,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.