SoFi Technologies (NASDAQ:SOFI) Trading Down 3.1% – Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) was down 3.1% during trading on Tuesday . The company traded as low as $14.92 and last traded at $15.23. Approximately 63,223,068 shares changed hands during trading, a decline of 1% from the average daily volume of 63,815,988 shares. The stock had previously closed at $15.71.

More SoFi Technologies News

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: SoFi’s CEO reportedly bought 70,000 shares personally, a sign of insider confidence that may help support the stock. The SoFi CEO Just Bought 70,000 Shares With His Own Money. Here Are Four More Under $30 Worth a Closer Look
• Positive Sentiment: SoFi continues to draw investor interest as a fintech growth story, with recent coverage highlighting the stock as a potential long-term winner. SoFi Technologies, Inc. (SOFI) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: SoFi’s Galileo unit was mentioned in research about brands adding in-app financial tools, which supports the company’s fintech relevance but does not appear to be a direct new business win. Brand Executives Fear They’re Losing Customers to Rivals With In-App Financial Tools, Galileo Research Finds
• Neutral Sentiment: Analyst sentiment remains cautious overall, with SoFi receiving a consensus “Hold” rating. SoFi Technologies, Inc. (NASDAQ:SOFI) Receives Consensus Recommendation of “Hold” from Analysts
• Negative Sentiment: Recent coverage says SoFi’s growth is facing scrutiny because guidance was left unchanged, technology-platform revenue declined after losing a customer, and a short-seller report raised accounting questions. SoFi Growth Faces Scrutiny As Guidance Steady And Revenue Mix Shifts

Analyst Ratings Changes

A number of brokerages have issued reports on SOFI. Keefe, Bruyette & Woods cut their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. TD Cowen cut their price objective on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, April 30th. UBS Group cut their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Argus began coverage on shares of SoFi Technologies in a report on Wednesday, April 15th. They set a “hold” rating for the company. Finally, Citigroup cut their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average target price of $22.56.

SoFi Technologies Stock Performance

The business’s fifty day moving average is $17.03 and its two-hundred day moving average is $22.44. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $19.54 billion, a PE ratio of 34.61 and a beta of 2.12.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The firm 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 6.25%. The business’s revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 9,755 shares of the stock in a transaction on Friday, February 20th. The shares were 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 of the company’s stock, valued at approximately $5,542,590.75. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Anthony Noto purchased 28,900 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average cost of $17.32 per share, for a total transaction of $500,548.00. Following the completion of the acquisition, the chief executive officer directly owned 11,704,352 shares of the company’s stock, valued at $202,719,376.64. This represents a 0.25% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 124,197 shares of company stock valued at $2,191,758 in the last three months. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

A number of institutional investors have recently added to or reduced their stakes in SOFI. Brighton Jones LLC grew its stake in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after acquiring an additional 14,281 shares during the period. Caxton Associates LLP purchased a new position in shares of SoFi Technologies during the 1st quarter worth $129,000. Empowered Funds LLC raised its holdings in SoFi Technologies by 5.2% in the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock valued at $385,000 after buying an additional 1,631 shares during the period. Franklin Resources Inc. raised its holdings in SoFi Technologies by 23.2% in the 2nd quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock valued at $251,000 after buying an additional 2,596 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in SoFi Technologies in the 2nd quarter valued at about $4,633,000. Institutional investors and hedge funds 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.