SoFi Technologies (NASDAQ:SOFI) Trading Down 3.5% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price traded down 3.5% during mid-day trading on Tuesday . The company traded as low as $17.64 and last traded at $17.66. Approximately 31,865,261 shares were traded during trading, a decline of 54% from the average daily volume of 69,144,102 shares. The stock had previously closed at $18.31.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: New Piper Sandler Overweight rating: Piper Sandler initiated or reaffirmed an Overweight rating and set a $22 price target, implying additional upside from recent levels. The analyst highlighted SoFi’s accelerating product growth and improving earnings outlook. SoFi Technologies Earns Overweight Rating from Analysts at Piper Sandler
• Positive Sentiment: Crypto-sector enthusiasm: Cryptocurrency and blockchain stocks rallied in premarket trading after President Trump urged Congress to advance the Clarity Act, which could establish clearer U.S. rules for digital assets. The broader risk-on move may be supporting SoFi, which offers cryptocurrency products alongside its financial services. Bitcoin, crypto shares climb after Trump pushes Clarity Act
• Positive Sentiment: Strong lending momentum: Recent coverage emphasizes record quarterly loan originations of approximately $14.8 billion. SoFi’s diversified revenue base, deposit funding and stronger profitability compared with some fintech peers are viewed as competitive advantages. SoFi Technologies Loan Boom: Can Record Originations Keep Climbing?
• Neutral Sentiment: Broader fintech rebound: SoFi and other fintech stocks rallied during the prior session as bond-market movements improved investor sentiment. However, the move appears partly driven by market conditions rather than a new company-specific announcement. SoFi Climbs as Fintech Names Rebound
• Negative Sentiment: Valuation and execution concerns remain: Analysts note that SOFI has already delivered substantial long-term gains and trades at a premium to some intrinsic-value estimates. Investors are also monitoring credit performance and funding costs as loan growth accelerates, while commentators have warned that fintech expectations may be priced for near-perfect execution. SoFi Stock Looks Rich on Fair Value Yet Strong on Returns

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SOFI shares. The Goldman Sachs Group lifted their price objective on shares of SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. TD Cowen reduced their target price 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. Morgan Stanley lowered their price target on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, July 30th. Needham & Company LLC dropped their price target on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Mizuho cut their price objective on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.42.

SoFi Technologies Price Performance

The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $17.66 and its two-hundred day moving average price is $17.67. The stock has a market cap of $23.72 billion, a price-to-earnings ratio of 38.30 and a beta of 2.17.

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

Insider Activity

In related news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the transaction, the chief technology officer directly owned 895,089 shares in the company, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 10,954 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $17.19, for a total value of $188,299.26. Following the completion of the transaction, the executive vice president directly owned 367,728 shares of the company’s stock, valued at $6,321,244.32. The trade was a 2.89% 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. In the last three months, insiders sold 125,219 shares of company stock valued at $2,214,948. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Corp boosted its holdings in SoFi Technologies by 14.9% during the fourth quarter. First Horizon Corp now owns 3,116 shares of the company’s stock worth $82,000 after buying an additional 405 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in SoFi Technologies by 21.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,880 shares of the company’s stock valued at $75,000 after buying an additional 503 shares in the last quarter. Bensler LLC increased its holdings in SoFi Technologies by 3.6% in the fourth quarter. Bensler LLC now owns 17,450 shares of the company’s stock valued at $457,000 after buying an additional 600 shares in the last quarter. Capital Advisors Inc. OK raised its position in shares of SoFi Technologies by 2.2% in the second quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company’s stock worth $508,000 after acquiring an additional 615 shares during the period. Finally, Mayflower Financial Advisors LLC raised its position in shares of SoFi Technologies by 2.3% in the first quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company’s stock worth $464,000 after acquiring an additional 653 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.