SoFi Technologies (NASDAQ:SOFI) Shares Down 1.5% – Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares traded down 1.5% during mid-day trading on Friday . The company traded as low as $27.03 and last traded at $27.07. 24,487,497 shares were traded during trading, a decline of 61% from the average session volume of 63,409,465 shares. The stock had previously closed at $27.48.

Wall Street Analyst Weigh In

SOFI has been the subject of several research reports. Mizuho set a $38.00 target price on SoFi Technologies in a research report on Thursday, October 30th. Morgan Stanley upped their target price on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Barclays increased their price target on shares of SoFi Technologies from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. Finally, Citigroup increased their target price on SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies presently has an average rating of “Hold” and a consensus target price of $25.69.

SoFi Technologies Stock Performance

The stock has a 50-day moving average of $28.18 and a 200 day moving average of $24.60. The firm has a market capitalization of $32.64 billion, a P/E ratio of 50.13 and a beta of 1.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The company had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The business’s revenue was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 91,837 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total value of $2,446,537.68. Following the completion of the transaction, the chief technology officer directly owned 794,598 shares of the company’s stock, valued at approximately $21,168,090.72. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 9,468 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $27.14, for a total transaction of $256,961.52. Following the sale, the executive vice president directly owned 312,948 shares in the company, valued at $8,493,408.72. This trade represents a 2.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 167,813 shares of company stock worth $4,403,334. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SoFi Technologies

Several hedge funds have recently added to or reduced their stakes in SOFI. Sherman Porfolios LLC bought a new stake in SoFi Technologies during the 3rd quarter worth about $373,000. Strategic Investment Solutions Inc. IL grew its position in shares of SoFi Technologies by 693.5% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,230 shares of the company’s stock worth $32,000 after buying an additional 1,075 shares during the period. Allworth Financial LP raised its stake in shares of SoFi Technologies by 390.7% during the third quarter. Allworth Financial LP now owns 117,925 shares of the company’s stock worth $3,116,000 after buying an additional 93,892 shares during the last quarter. Swiss Life Asset Management Ltd lifted its holdings in SoFi Technologies by 1,120.3% in the third quarter. Swiss Life Asset Management Ltd now owns 329,637 shares of the company’s stock valued at $8,709,000 after buying an additional 302,625 shares during the period. Finally, Liontrust Investment Partners LLP acquired a new position in SoFi Technologies in the third quarter valued at approximately $10,608,000. Institutional investors own 38.43% of the company’s stock.

About SoFi Technologies

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.