SoFi Technologies (NASDAQ:SOFI) Shares Down 2.5% – Should You Sell?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) dropped 2.5% during mid-day trading on Thursday . The company traded as low as $16.47 and last traded at $16.65. Approximately 73,027,855 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 69,572,992 shares. The stock had previously closed at $17.07.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: SoFi is approaching its next earnings report with Wall Street expecting earnings growth, which raises the possibility of an upside surprise if results beat estimates. Article Title
• Positive Sentiment: Comments about JPMorgan Chase and Goldman Sachs showing strength were cited as potentially favorable for smaller banks and financial platforms like SoFi, supporting the broader sector backdrop. Article Title
• Neutral Sentiment: SoFi remains a heavily watched stock among investors and Zacks users, which may be helping keep attention on the name but does not by itself change the fundamental outlook. Article Title
• Neutral Sentiment: Executive Kelli Keough sold nearly 11,000 shares through a prearranged 10b5-1 plan, which is usually a planned transaction and not necessarily a sign of negative company-specific news. Article Title
• Negative Sentiment: Despite the upbeat earnings setup, SoFi stock has been falling more than the broader market, suggesting investors are still cautious and may be taking profits ahead of the report. Article Title
• Negative Sentiment: In a comparison of fintech names, one analysis argued Dave looks like the stronger 2026 buy than SoFi, which could add to relative-performance concerns for SOFI. Article Title

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SOFI. Citigroup dropped their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Weiss Ratings lowered shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. TD Cowen decreased their target price on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Barclays dropped their price target on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, Mizuho set a $29.00 price target on SoFi Technologies in a report on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.78.

SoFi Technologies Trading Down 2.5%

The business’s 50 day moving average price is $17.18 and its two-hundred day moving average price is $18.92. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The company has a market capitalization of $21.36 billion, a price-to-earnings ratio of 37.84 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $1.09 billion for 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 for the quarter was up 42.6% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the sale, the chief technology officer owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kelli Keough sold 10,954 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total value of $190,051.90. Following the completion of the sale, the executive vice president owned 378,682 shares of the company’s stock, valued at approximately $6,570,132.70. This trade represents a 2.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 124,302 shares of company stock worth $2,182,523. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares in the last quarter. Caxton Associates LLP bought a new stake in SoFi Technologies during the first quarter worth approximately $129,000. Empowered Funds LLC grew its position in SoFi Technologies by 5.2% in the first quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock worth $385,000 after buying an additional 1,631 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of SoFi Technologies by 23.2% in the second 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of SoFi Technologies in the second quarter valued at $4,633,000. 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.