SoFi Technologies (NASDAQ:SOFI) Trading Down 3.6% – Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price traded down 3.6% during trading on Wednesday . The company traded as low as $15.83 and last traded at $15.87. 85,429,813 shares were traded during trading, an increase of 30% from the average session volume of 65,669,570 shares. The stock had previously closed at $16.47.

Key SoFi Technologies News

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

• Positive Sentiment: SoFi’s improving brand awareness is being cited as a driver of faster member growth, which supports its core digital banking and lending expansion thesis. SoFi’s Growing Brand Strength Continues to Drive Member Expansion
• Positive Sentiment: SoFi announced monthly distributions for its Enhanced Yield ETF (THTA), reinforcing its presence in the ETF and income-investing market and potentially supporting fee-related growth. SoFi Announces Monthly Distributions on $THTA (10.00%)
• Positive Sentiment: Several analysts and market commentators are highlighting SoFi as a stock with strong growth potential despite the recent selloff, with some arguing the bearish case is overstated given revenue growth and profitability trends. SoFi’s 36% Selloff Hides What The Bears Keep Getting Wrong
• Neutral Sentiment: SoFi is trending on Zacks, which reflects elevated investor attention but does not by itself change the company’s fundamentals. SoFi Technologies, Inc. (SOFI) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Reports that SoFi launched a stablecoin and became the first U.S. bank to do so could be strategically important, but the near-term earnings impact is still uncertain. SoFi just became the first US bank to launch its own stablecoin. Here’s why it matters.
• Negative Sentiment: Recent articles continue to point to a steep pullback in the stock, with concerns about valuation, high interest rates, and profitability weighing on investor sentiment. SoFi Stock Slides 42% in 6 Months: Buying Opportunity or Red Flag?
• Negative Sentiment: Another market update notes SoFi has recently fallen more than the broader market, reinforcing the weakness in the share price. SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SOFI. Weiss Ratings lowered SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. TD Cowen decreased their price target on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price target on shares of SoFi Technologies in a research note on Thursday, April 30th. Wells Fargo & Company decreased their price target on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Finally, Morgan Stanley set a $16.00 price target on SoFi Technologies in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Stock Performance

The company has a 50 day moving average price of $16.79 and a 200-day moving average price of $20.90. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The company has a market cap of $21.27 billion, a P/E ratio of 37.68 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted $0.06 EPS. SoFi Technologies’s revenue for the quarter was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities analysts expect that SoFi Technologies, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In other news, CEO Anthony Noto acquired 15,545 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $16.00 per share, with a total value of $248,720.00. Following the acquisition, the chief executive officer directly owned 11,946,619 shares in the company, valued at $191,145,904. The trade was a 0.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kelli Keough sold 10,037 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total value of $155,874.61. Following the sale, the executive vice president directly owned 323,247 shares in the company, valued at approximately $5,020,025.91. This trade represents a 3.01% 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. Insiders have sold a total of 124,479 shares of company stock valued at $2,163,556 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds have recently modified their holdings of SOFI. Valley Wealth Managers Inc. acquired a new stake in shares of SoFi Technologies during the 4th quarter valued at $25,000. Blue Trust Inc. lifted its holdings in SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after buying an additional 878 shares during the period. Vermillion Wealth Management Inc. lifted its holdings 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 buying an additional 739 shares during the period. Central Pacific Bank Trust Division acquired a new position in SoFi Technologies during the 4th quarter worth about $28,000. Finally, Reflection Asset Management acquired a new position in SoFi Technologies during the 4th quarter worth about $28,000. 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.