SoFi Technologies (NASDAQ:SOFI) Stock Price Down 4.5% – Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) dropped 4.5% on Monday . The company traded as low as $17.07 and last traded at $17.10. 74,814,870 shares changed hands during trading, an increase of 12% from the average session volume of 66,704,094 shares. The stock had previously closed at $17.91.

Analyst Ratings Changes

A number of research firms have recently weighed in on SOFI. Argus initiated coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They set a “hold” rating for the company. Needham & Company LLC cut their price target on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Weiss Ratings downgraded shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods dropped their target price on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research report on Thursday, April 9th. Finally, Wells Fargo & Company cut their target price on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.56.

SoFi Technologies Stock Down 4.5%

The firm has a market cap of $21.93 billion, a price-to-earnings ratio of 38.86 and a beta of 2.14. The stock has a 50-day moving average of $16.96 and a 200-day moving average of $20.43. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. SoFi Technologies’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 10,037 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total value of $155,874.61. Following the completion of the transaction, the executive vice president directly owned 323,247 shares in the company, valued at $5,020,025.91. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 121,902 shares of company stock worth $2,159,155. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Firsthand Capital Management Inc. boosted its stake in SoFi Technologies by 60.0% in the third quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock worth $2,114,000 after purchasing an additional 30,000 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of SoFi Technologies by 161.6% in the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock valued at $23,625,000 after purchasing an additional 557,390 shares in the last quarter. Vanguard Group Inc. lifted its holdings in SoFi Technologies by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after buying an additional 3,900,895 shares in the last quarter. North Dakota State Investment Board bought a new position in SoFi Technologies in the 4th quarter valued at $1,044,000. Finally, Thoroughbred Financial Services LLC increased its stake in shares of SoFi Technologies by 212.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company’s stock valued at $1,060,000 after buying an additional 27,283 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.