SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.7% – Time to Sell?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) dropped 1.7% on Wednesday . The company traded as low as $25.92 and last traded at $26.67. Approximately 40,562,993 shares were traded during trading, a decline of 30% from the average daily volume of 57,650,566 shares. The stock had previously closed at $27.14.

Analysts Set New Price Targets

Several equities analysts recently commented on SOFI shares. Keefe, Bruyette & Woods increased their price objective on shares of SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” 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. UBS Group boosted their price objective on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a report on Thursday, October 30th. The Goldman Sachs Group reduced their target price on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. lifted their price target on SoFi Technologies from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.50.

SoFi Technologies Trading Down 1.7%

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The company’s fifty day moving average is $27.63 and its 200-day moving average is $25.82. The stock has a market cap of $32.16 billion, a PE ratio of 49.39, a PEG ratio of 1.68 and a beta of 1.92.

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

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,340 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $26.43, for a total value of $273,286.20. Following the completion of the transaction, the executive vice president directly owned 265,034 shares of the company’s stock, valued at approximately $7,004,848.62. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Arun Pinto sold 46,132 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $24.76, for a total value of $1,142,228.32. Following the completion of the sale, the insider owned 138,396 shares in the company, valued at approximately $3,426,684.96. This represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 167,813 shares of company stock worth $4,403,334. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in shares of SoFi Technologies in the fourth quarter worth about $28,000. SJS Investment Consulting Inc. raised its holdings in SoFi Technologies by 840.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. Salomon & Ludwin LLC acquired a new position in SoFi Technologies in the 3rd quarter worth about $29,000. Strategic Investment Solutions Inc. IL boosted its position in SoFi Technologies by 693.5% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,230 shares of the company’s stock worth $32,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in SoFi Technologies by 50.5% in the third quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock valued at $34,000 after purchasing an additional 427 shares during the period. Hedge funds and other institutional investors 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.