SoFi Technologies (NASDAQ:SOFI) Stock Falls 2.3% – Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price traded down 2.3% during trading on Tuesday. The company traded as low as $15.91 and last traded at $16.37. Approximately 49,071,244 shares were traded during mid-day trading, a decline of 23% from the average session volume of 63,590,758 shares. The stock had previously closed at $16.75.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFi’s CEO called the third quarter “exceptional,” and the company’s 2027 guidance of $0.90 per share gives investors a growth target to assess. Article: SoFi CEO Calls Q3 “Exceptional” as 2027 Guide Lands at $0.90 a Share
• Positive Sentiment: A recent earnings-focused article says SoFi’s results helped drive a sharp stock jump, reinforcing investor enthusiasm around its performance. Article: SoFi’s Earnings Shine While PayPal & Boeing’s Earnings Look “Meh”
• Neutral Sentiment: One analysis says SoFi may need 13% member growth to surpass 20 million users in 2027. That would support expansion if achieved, though it remains a growth benchmark rather than a reported result. Article: SoFi Technologies Needs Just 13% Member Growth To Cross 20 Million Users In 2027
• Negative Sentiment: A hot inflation report pressured fintech lenders, with SoFi among the stocks falling as investors reassessed the sector’s sensitivity to interest rates. Article: Hot Inflation Report Hits Fintech Lenders
• Negative Sentiment: An analysis of the $0.90 EPS outlook highlights capital efficiency as an important test for SoFi, suggesting investors will look beyond earnings growth to how efficiently the company delivers it. Article: The $0.90 EPS Guide Hides A Capital-Efficiency Test

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SOFI. Monness Crespi & Hardt initiated coverage on SoFi Technologies in a report on Monday, October 26th. They set a “buy” rating and a $20.00 price target for the company. Keefe, Bruyette & Woods raised their price objective on SoFi Technologies from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 28th. Mizuho lowered their price objective on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Morgan Stanley cut their price objective on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, July 30th. Finally, TD Cowen boosted their price objective on SoFi Technologies from $17.50 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average price target of $21.27.

SoFi Technologies Stock Performance

The stock has a market cap of $21.14 billion, a P/E ratio of 29.76, a PEG ratio of 1.08 and a beta of 2.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. The firm’s 50-day moving average price is $16.33 and its 200-day moving average price is $17.60.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.25 billion. SoFi Technologies had a return on equity of 6.89% and a net margin of 15.60%. The business’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 10,203 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $14.72, for a total value of $150,188.16. Following the completion of the sale, the executive vice president directly owned 397,870 shares of the company’s stock, valued at $5,856,646.40. This trade represents a 2.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the transaction, the chief technology officer owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. This trade represents a 2.00% 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. Over the last 90 days, insiders have sold 50,316 shares of company stock worth $852,605. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in SOFI. BlackRock Inc. purchased a new position in SoFi Technologies during the 2nd quarter worth $1,298,925,000. Bank of America Corp DE purchased a new stake in SoFi Technologies in the second quarter valued at about $163,808,000. D.A. Davidson & CO. raised its stake in SoFi Technologies by 22.2% in the first quarter. D.A. Davidson & CO. now owns 267,848 shares of the company’s stock valued at $4,253,000 after buying an additional 48,682 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in SoFi Technologies by 24.7% in the first quarter. Illinois Municipal Retirement Fund now owns 189,849 shares of the company’s stock valued at $3,015,000 after buying an additional 37,554 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in SoFi Technologies in the second quarter worth about $4,239,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc. is a U.S.-based digital financial services company that offers consumer lending, banking and investment products through its online platform. Its services include personal, student and home loans, deposit accounts, credit cards and investment offerings. Founded in 2011 as Social Finance, the company initially focused on student loan refinancing before expanding into a broader range of financial services. SoFi also provides financial technology infrastructure through businesses including Galileo, which supports payment processing and other services for financial institutions and fintech companies.