SoFi Technologies (NASDAQ:SOFI) Stock Price Down 3.6% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price was down 3.6% during mid-day trading on Wednesday . The stock traded as low as $16.52 and last traded at $16.55. Approximately 55,739,825 shares changed hands during trading, a decline of 15% from the average daily volume of 65,723,523 shares. The stock had previously closed at $17.16.

Key SoFi Technologies News

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

• Positive Sentiment: Stablecoin settlement expands SoFi’s payments strategy. SoFi Bank has begun settling its entire debit- and credit-card program through Mastercard using SoFiUSD, making it the first nationally chartered U.S. bank to deploy a bank-issued stablecoin for live card payments. The program represents more than $25 billion in annualized card volume and could support lower settlement costs, fee-based revenue growth, cross-border payments and remittances. SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
• Positive Sentiment: Mastercard partnership may create a new growth engine. Investors are viewing the live integration as a potential expansion beyond SoFi’s traditional lending business, particularly as fee-based revenue becomes a larger part of the company’s mix. Mastercard and SoFi are also exploring additional stablecoin use cases. SoFi Brings SoFiUSD to Mastercard
• Neutral Sentiment: Credit trends remain encouraging but warrant monitoring. Recent coverage points to improving charge-offs and delinquencies despite record loan originations, supporting SoFi’s credit outlook. However, rapid lending growth could test asset quality if consumer conditions deteriorate. SoFi Technologies Maintains Strong Credit Quality
• Negative Sentiment: Sector weakness is pressuring the stock. Consumer-lending shares broadly declined while the wider financial sector was nearly unchanged. The move suggests investors are taking profits or reducing exposure to higher-beta lenders, temporarily overshadowing SoFi’s company-specific stablecoin catalyst. Consumer Lending Stocks Slide While Financials Barely Budge

Analysts Set New Price Targets

SOFI has been the topic of several research analyst reports. Piper Sandler started coverage on SoFi Technologies in a research report on Monday, August 17th. They set an “overweight” rating and a $22.00 target price on the stock. Needham & Company LLC lowered their price target on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 30th. The Goldman Sachs Group increased their price target on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company cut their price objective on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Finally, Truist Financial boosted their price objective on shares of SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.52.

SoFi Technologies Stock Down 3.6%

The business has a 50 day moving average of $17.65 and a 200-day moving average of $17.33. The stock has a market cap of $21.38 billion, a PE ratio of 34.48, a P/E/G ratio of 1.40 and a beta of 2.20. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $0.08 earnings per share. The firm’s revenue was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 11,286 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the sale, the executive vice president owned 356,442 shares in the company, valued at $6,415,956. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.50% of the stock is owned by insiders.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vermillion Wealth Management Inc. boosted its holdings in shares of SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 739 shares in the last quarter. Reflection Asset Management acquired a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC raised its stake in shares of SoFi Technologies by 232.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock worth $34,000 after buying an additional 1,467 shares during the last quarter. Compass Financial Management LLC acquired a new position in SoFi Technologies during the second quarter worth about $34,000. Finally, SHP Wealth Management purchased a new position in shares of SoFi Technologies during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

About SoFi Technologies

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.