SoFi Technologies (NASDAQ:SOFI) Stock Price Down 3.6% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price fell 3.6% during trading on Monday. The stock traded as low as $15.19 and last traded at $15.23. Approximately 40,095,220 shares changed hands during trading, a decline of 37% from the average daily volume of 64,136,836 shares. The stock had previously closed at $15.80.

Wall Street Analyst Weigh In

SOFI has been the topic of several analyst reports. Mizuho dropped their price target on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Weiss Ratings lowered shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, October 6th. Loop Capital initiated coverage on SoFi Technologies in a report on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price on the stock. Keefe, Bruyette & Woods restated an “underperform” rating on shares of SoFi Technologies in a report on Monday. Finally, The Goldman Sachs Group raised 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. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average price target of $22.50.

SoFi Technologies Trading Down 3.6%

The firm has a market cap of $19.67 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 1.32 and a beta of 2.33. The company has a 50 day moving average of $17.43 and a 200 day moving average of $17.16. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30.

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. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company posted $0.08 earnings per share. SoFi Technologies’s quarterly 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. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.60 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 18,624 shares of the company’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the transaction, the chief technology officer owned 912,650 shares of the company’s stock, valued at $15,971,375. This represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 10,203 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $16.99, for a total transaction of $173,348.97. Following the sale, the executive vice president directly owned 408,073 shares of the company’s stock, valued at approximately $6,933,160.27. This trade represents a 2.44% 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 90 days, insiders have sold 51,067 shares of company stock valued at $890,716. 2.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SoFi Technologies

A number of institutional investors have recently added to or reduced their stakes in SOFI. Wedmont Private Capital lifted its stake in SoFi Technologies by 9.9% in the 3rd quarter. Wedmont Private Capital now owns 27,680 shares of the company’s stock valued at $432,000 after purchasing an additional 2,485 shares during the last quarter. WoodTrust Financial Corp grew its holdings in SoFi Technologies by 100.0% in the 3rd quarter. WoodTrust Financial Corp now owns 24,800 shares of the company’s stock valued at $390,000 after buying an additional 12,400 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of SoFi Technologies by 46.0% in the third quarter. GAMMA Investing LLC now owns 20,736 shares of the company’s stock valued at $326,000 after acquiring an additional 6,534 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of SoFi Technologies by 2.1% in the third quarter. Valeo Financial Advisors LLC now owns 37,498 shares of the company’s stock valued at $589,000 after buying an additional 782 shares during the period. Finally, Venture Visionary Partners LLC increased its stake in SoFi Technologies by 1.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 129,361 shares of the company’s stock worth $2,034,000 after acquiring an additional 2,305 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services through its SoFi platform. Founded in 2011 as a student-loan refinancing business, the company has expanded into a broader digital banking and personal-finance provider serving consumers primarily in the United States.

SoFi offers products including personal loans, student-loan refinancing, home loans, checking and savings accounts, credit cards, investment accounts, and financial-planning tools.