SoFi Technologies (NASDAQ:SOFI) Shares Down 3.6% – Here’s Why

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price traded down 3.6% during mid-day trading on Friday. The stock traded as low as $14.33 and last traded at $14.55. Approximately 57,681,524 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 64,079,254 shares. The stock had previously closed at $15.09.

SoFi Technologies News Roundup

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

• Positive Sentiment: SoFi continues to show strong operating momentum, including record loan originations, deposits and member growth. Second-quarter adjusted revenue reportedly increased about 40% year over year, supporting the long-term bullish case. SoFi Stock Is Down 46% Over the Past Year. Buy Now or Wait for Q3?
• Positive Sentiment: The company’s large deposit base and banking charter provide relatively flexible, lower-cost funding and support continued lending activity. Lending remains SoFi’s largest adjusted gross-profit contributor, which could benefit earnings if credit conditions remain manageable. SoFi: The Market Will Wake Up From Its Hangover Eventually
• Positive Sentiment: An analyst cited in recent coverage believes the shares could potentially double in 2027, arguing that the stock’s sharp decline has created an attractive long-term setup if SoFi maintains its growth trajectory. SoFi Technologies Imploded in 2026
• Neutral Sentiment: Unusually heavy call-option activity—about 451,000 contracts purchased, roughly 26% above average—signals increased speculative interest, but does not guarantee sustained buying or a lasting recovery.
• Neutral Sentiment: Investors are awaiting third-quarter results for evidence that revenue growth, loan demand and profitability can remain strong as the macroeconomic backdrop becomes more difficult.
• Negative Sentiment: Analysts warn that higher rates could pressure SoFi’s margins and lending growth. Longer-term revenue growth is also expected to moderate to just above 20%, making the stock’s valuation more difficult to justify if earnings momentum slows. Rising Rate Pressure Tests the Case For SoFi Stock
• Negative Sentiment: Recent broker coverage has generally settled on a “Hold” view, while technical analysts describe any rebound as potentially a “dead-cat bounce.” SoFi’s proximity to a new one-year low reinforces the market’s cautious stance. SoFi Stock Rated Hold

Wall Street Analyst Weigh In

SOFI has been the topic of a number of recent research reports. Mizuho dropped their target price 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. Keefe, Bruyette & Woods reissued an “underperform” rating on shares of SoFi Technologies in a research report on Monday, October 12th. The Goldman Sachs Group set a $15.00 price target on shares of SoFi Technologies in a research report on Tuesday. Morgan Stanley decreased their price objective on shares of 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, Needham & Company LLC dropped their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.20.

SoFi Technologies Stock Performance

The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average price is $17.09 and its two-hundred day moving average price is $17.11. The stock has a market capitalization of $18.79 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 0.84 and a beta of 2.33.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) 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 period in the prior year, the firm posted $0.08 earnings per share. The firm’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, equities research analysts forecast that SoFi Technologies, Inc. will post 0.60 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 11,286 shares of the firm’s stock in a transaction dated 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 directly owned 356,442 shares in the company, valued at $6,415,956. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $17.50, for a total value of $325,920.00. Following the sale, the chief technology officer owned 912,650 shares in the company, valued at $15,971,375. This trade represents a 2.00% 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 sold 51,067 shares of company stock valued at $890,716 in the last ninety days. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SoFi Technologies

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in SoFi Technologies in the second quarter valued at approximately $1,298,925,000. Bank of America Corp DE purchased a new stake in shares of SoFi Technologies in the second quarter valued at approximately $163,808,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of SoFi Technologies during the 2nd quarter worth approximately $93,937,000. Bank of New York Mellon Corp acquired a new position in shares of SoFi Technologies during the 2nd quarter worth approximately $72,531,000. Finally, Legal & General Group Plc acquired a new position in shares of SoFi Technologies during the 2nd quarter worth approximately $64,706,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.