SoFi Technologies (NASDAQ:SOFI) Stock Falls 3.9% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) fell 3.9% on Monday. The company traded as low as $15.87 and last traded at $15.93. Approximately 58,064,047 shares changed hands during trading, a decline of 11% from the average session volume of 65,396,031 shares. The stock had previously closed at $16.58.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial lifted their price objective on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Wells Fargo & Company reduced their target price on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Loop Capital assumed coverage on shares of SoFi Technologies in a research report on Tuesday, September 8th. They set a “hold” rating and a $22.00 price target for the company. Piper Sandler started coverage on shares of SoFi Technologies in a research note on Monday, August 17th. They issued an “overweight” rating and a $22.00 price target for the company. Finally, The Goldman Sachs Group upped their price target on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average price target of $22.52.

SoFi Technologies Stock Down 3.9%

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 firm has a market capitalization of $20.57 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 1.38 and a beta of 2.20. The stock has a 50 day moving average of $17.60 and a 200 day moving average of $17.28.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. SoFi Technologies’s revenue for the quarter 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, analysts expect that SoFi Technologies, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Jeremy Rishel sold 18,624 shares of the business’s 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 sale, the chief technology officer directly owned 912,650 shares in the company, valued at approximately $15,971,375. The trade was a 2.00% decrease in their position. 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. Also, EVP Kelli Keough sold 10,203 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $16.99, for a total value of $173,348.97. Following the sale, the executive vice president directly owned 408,073 shares in the company, valued at approximately $6,933,160.27. This represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 51,067 shares of company stock valued at $890,716 over the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional Trading of SoFi Technologies

Several institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. raised its holdings in shares of SoFi Technologies by 5.8% during the second quarter. QRG Capital Management Inc. now owns 154,404 shares of the company’s stock worth $2,769,000 after purchasing an additional 8,449 shares during the period. Reynders McVeigh Capital Management LLC boosted its holdings in shares of SoFi Technologies by 2.6% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 699,538 shares of the company’s stock valued at $12,543,000 after buying an additional 17,744 shares during the period. Tidal Investments LLC boosted its holdings in shares of SoFi Technologies by 39.0% in the 2nd quarter. Tidal Investments LLC now owns 538,067 shares of the company’s stock valued at $9,648,000 after buying an additional 150,923 shares during the period. Bienville Capital Management LLC bought a new stake in shares of SoFi Technologies during the 2nd quarter valued at about $27,386,000. Finally, WINTON GROUP Ltd bought a new stake in shares of SoFi Technologies during the 2nd quarter valued at about $186,000. Institutional investors own 38.43% of the company’s stock.

About SoFi Technologies

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.