SoFi Technologies (NASDAQ:SOFI) Trading Down 5.8% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price traded down 5.8% on Friday . The stock traded as low as $18.03 and last traded at $18.06. Approximately 45,239,385 shares were traded during mid-day trading, a decline of 33% from the average session volume of 67,900,539 shares. The stock had previously closed at $19.18.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: Strong post-earnings momentum: SOFI is reported to be up 16.5% since its latest earnings release. The company exceeded quarterly earnings and revenue expectations, with revenue rising 42.5% year over year, providing support for the recent rally. SoFi Technologies Up 16.5% Since Last Earnings Report
• Positive Sentiment: SoFi Plus could broaden growth: Early gains in paid memberships may increase recurring revenue, product adoption and cross-selling opportunities across SoFi’s financial services platform. SoFi Technologies SoFi Plus
• Positive Sentiment: Technical and valuation interest: Recent gains pushed SOFI back above key short- and intermediate-term trend lines, while some investors continue to view the shares as attractive after remaining below their yearly high. Is SoFi Technologies a Bargain After Its Recent Rebound?
• Neutral Sentiment: Mixed comparison with Sezzle: Investors are comparing SoFi’s diversified, scaled fintech model with Sezzle’s more focused growth profile; the choice depends on preferences for diversification, valuation and risk. Sezzle vs. SoFi
• Negative Sentiment: Analyst caution and profit-taking risk: Despite strong operating results, one analysis recommends reducing exposure to a “hold,” and analysts overall have a consensus “Hold” rating. After the recent rebound, investors may be taking profits while waiting for evidence that earnings growth can justify the valuation. SoFi Receives Consensus Hold Recommendation

Analyst Ratings Changes

SOFI has been the topic of a number of recent research reports. Stephens cut their price target on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. TD Cowen decreased their price target on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Citigroup reduced their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, UBS Group lowered their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $22.42.

SoFi Technologies Trading Down 5.8%

The firm has a market cap of $23.33 billion, a P/E ratio of 37.62 and a beta of 2.17. The company’s 50 day moving average is $17.83 and its two-hundred day moving average is $17.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company earned $0.08 earnings per share. The business’s revenue was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the transaction, the chief technology officer owned 895,089 shares of the company’s stock, valued at $15,914,682.42. The trade was a 10.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 11,286 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the sale, the executive vice president owned 356,442 shares in the company, valued at $6,415,956. This trade represents a 3.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 136,505 shares of company stock worth $2,418,096 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

Institutional investors have recently made changes to their positions in the business. Valley Wealth Managers Inc. acquired a new stake in shares of SoFi Technologies in the fourth quarter valued at about $25,000. Vermillion Wealth Management Inc. increased its stake in SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 739 shares during the period. Reflection Asset Management bought a new stake in SoFi Technologies during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC lifted its holdings in shares of SoFi Technologies by 232.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock worth $34,000 after acquiring an additional 1,467 shares during the period. Finally, Compass Financial Management LLC bought a new position in SoFi Technologies in the second quarter valued at approximately $34,000. 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.