SoFi Technologies (NASDAQ:SOFI) Trading Down 3.2% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) traded down 3.2% during mid-day trading on Wednesday . The company traded as low as $16.96 and last traded at $17.07. Approximately 89,892,056 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 69,544,516 shares. The stock had previously closed at $17.64.

Analyst Ratings Changes

A number of brokerages have commented on SOFI. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Keefe, Bruyette & Woods dropped their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. The Goldman Sachs Group upped their price target on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Needham & Company LLC lowered their target price on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings cut shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Seven 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.83.

SoFi Technologies Stock Down 2.5%

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The firm has a market cap of $21.36 billion, a price-to-earnings ratio of 37.84 and a beta of 2.14. The business has a fifty day simple moving average of $17.20 and a 200 day simple moving average of $18.84.

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

Insider Buying and Selling at SoFi Technologies

In related news, CEO Anthony Noto purchased 15,545 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the purchase, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 124,302 shares of company stock worth $2,182,523 over the last three months. Insiders own 2.50% of the company’s stock.

Institutional Trading of SoFi Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Advisors Wealth Management LLC raised its holdings in SoFi Technologies by 0.4% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock valued at $2,866,000 after acquiring an additional 401 shares during the last quarter. First Horizon Corp boosted its holdings in shares of SoFi Technologies by 14.9% during the fourth quarter. First Horizon Corp now owns 3,116 shares of the company’s stock worth $82,000 after purchasing an additional 405 shares during the last quarter. Cigna Investments Inc. New grew its position 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 valued at $299,000 after purchasing an additional 416 shares during the period. Wealthspan Partners LLC increased its stake in SoFi Technologies by 2.4% in the fourth quarter. Wealthspan Partners LLC now owns 18,901 shares of the company’s stock valued at $495,000 after purchasing an additional 450 shares during the last quarter. Finally, ORG Partners LLC lifted its position in SoFi Technologies by 31.6% during the fourth quarter. ORG Partners LLC now owns 1,892 shares of the company’s stock worth $50,000 after buying an additional 454 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.