SoFi Technologies (NASDAQ:SOFI) Shares Down 1.5% – Should You Sell?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) were down 1.5% during mid-day trading on Tuesday . The company traded as low as $16.48 and last traded at $17.37. Approximately 159,098,430 shares changed hands during mid-day trading, an increase of 147% from the average daily volume of 64,372,879 shares. The stock had previously closed at $17.63.

Analyst Ratings Changes

A number of research firms have weighed in on SOFI. Truist Financial decreased their price target on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. The Goldman Sachs Group dropped their price objective on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. Barclays upped their target price on shares of SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Needham & Company LLC lowered their price target on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Finally, UBS Group set a $24.50 price target on shares of SoFi Technologies in a research note on Monday, February 2nd. Seven 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.34.

SoFi Technologies Stock Performance

The stock has a market cap of $22.15 billion, a price-to-earnings ratio of 45.71 and a beta of 2.21. The company’s 50 day simple moving average is $21.87 and its 200 day simple moving average is $25.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $984.75 million. During the same period in the prior year, the business posted $0.05 EPS. 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. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Eric Schuppenhauer purchased 5,000 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were purchased at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the transaction, the executive vice president owned 228,768 shares in the company, valued at $4,559,346.24. The trade was a 2.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 9,755 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $18.87, for a total transaction of $184,076.85. Following the completion of the sale, the executive vice president directly owned 293,725 shares of the company’s stock, valued at $5,542,590.75. The trade was a 3.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 38,900 shares of company stock valued at $705,398 and have sold 214,753 shares valued at $5,045,087. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Hedge funds have recently made changes to their positions in the business. Valley Wealth Managers Inc. bought a new stake in SoFi Technologies during the fourth quarter worth approximately $25,000. Blue Trust Inc. increased its holdings in shares of SoFi Technologies by 655.2% in the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after buying an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. increased 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 buying an additional 739 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of SoFi Technologies during the 4th quarter valued at $28,000. Finally, Reflection Asset Management bought a new stake in shares of SoFi Technologies during the 4th quarter worth $28,000. 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.