SoFi Technologies (NASDAQ:SOFI) Stock Price Down 7% – Here’s Why

SoFi Technologies, Inc. (NASDAQ:SOFI) shares fell 7% on Friday . The company traded as low as $17.31 and last traded at $17.76. 114,975,153 shares traded hands during mid-day trading, an increase of 87% from the average session volume of 61,432,707 shares. The stock had previously closed at $19.10.

Wall Street Analyst Weigh In

SOFI has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Tuesday, February 3rd. Mizuho set a $38.00 price objective on shares of SoFi Technologies in a research report on Thursday, October 30th. Truist Financial dropped their target price on shares of SoFi Technologies from $28.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. The Goldman Sachs Group cut their target price on shares of 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, Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Monday, February 9th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and a consensus price target of $26.34.

SoFi Technologies Stock Down 7.0%

The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 46.74 and a beta of 2.13. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $23.99 and its two-hundred day simple moving average is $26.05.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Friday, January 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The company’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Transactions 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 transaction of $2,446,537.68. Following the sale, the chief technology officer directly owned 794,598 shares in the company, valued at $21,168,090.72. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelli Keough sold 9,755 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $18.87, for a total transaction of $184,076.85. Following the sale, the executive vice president directly owned 293,725 shares in the company, valued at approximately $5,542,590.75. The trade was a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 214,753 shares of company stock worth $5,045,087 in the last three months. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. Alpine Global Management LLC lifted its position in shares of SoFi Technologies by 47.3% during the 4th quarter. Alpine Global Management LLC now owns 19,016 shares of the company’s stock valued at $498,000 after acquiring an additional 6,105 shares during the period. MidFirst Bank purchased a new stake in SoFi Technologies during the fourth quarter worth $364,000. Floyd Financial Group LLC acquired a new stake in SoFi Technologies in the fourth quarter valued at $1,021,000. Kovitz Investment Group Partners LLC increased its position in shares of SoFi Technologies by 158.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 123,145 shares of the company’s stock valued at $3,224,000 after buying an additional 75,543 shares in the last quarter. Finally, Compound Planning Inc. boosted its position in shares of SoFi Technologies by 3.5% in the 4th quarter. Compound Planning Inc. now owns 32,480 shares of the company’s stock worth $850,000 after buying an additional 1,092 shares in the last quarter. 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.