SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.6% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares were down 1.6% during mid-day trading on Friday . The company traded as low as $15.52 and last traded at $15.75. Approximately 54,413,467 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 63,907,473 shares. The stock had previously closed at $16.00.

Wall Street Analyst Weigh In

Several research firms have recently commented on SOFI. Wells Fargo & Company reduced their price target on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Citizens Jmp upgraded shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Monday, February 9th. Keefe, Bruyette & Woods reduced their target price on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Finally, Barclays dropped their price target on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.72.

SoFi Technologies Stock Down 1.6%

The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 35.80 and a beta of 2.12. The business has a 50-day moving average of $17.44 and a 200-day moving average of $23.09. 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 announced its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.63%. SoFi Technologies’s revenue was up 42.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,742 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $19.25, for a total value of $187,533.50. Following the sale, the executive vice president owned 333,284 shares of the company’s stock, valued at $6,415,717. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 94,958 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value of $1,655,117.94. Following the transaction, the chief technology officer owned 839,640 shares in the company, valued at $14,634,925.20. This trade represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 124,197 shares of company stock worth $2,191,758. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Several institutional investors have recently bought and sold shares of SOFI. Andra AP fonden increased its stake in SoFi Technologies by 1,213.5% during the first quarter. Andra AP fonden now owns 246,940 shares of the company’s stock worth $3,921,000 after purchasing an additional 228,140 shares during the period. Florida Financial Advisors LLC boosted its stake in shares of SoFi Technologies by 24.9% in the first quarter. Florida Financial Advisors LLC now owns 35,435 shares of the company’s stock valued at $563,000 after purchasing an additional 7,066 shares during the period. Hollencrest Capital Management acquired a new position in shares of SoFi Technologies in the first quarter valued at approximately $73,000. Meeder Advisory Services Inc. grew its holdings in shares of SoFi Technologies by 28.6% in the first quarter. Meeder Advisory Services Inc. now owns 32,923 shares of the company’s stock valued at $523,000 after purchasing an additional 7,316 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in SoFi Technologies by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock worth $144,539,000 after buying an additional 359,785 shares during the period. 38.43% of the stock is 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.