SoFi Technologies (NASDAQ:SOFI) Shares Down 4.6% - Time to Sell?

Key Points

• SoFi shares fell 4.6% to $17.05, with trading volume below its average. The stock remains highly volatile, reflected by its 2.17 beta.
• Analyst sentiment is mixed: eight analysts rate the stock a Buy, ten Hold and three Sell. The consensus rating is Hold, with an average price target of $22.42.
• SoFi exceeded quarterly expectations, reporting $0.12 EPS and $1.21 billion in revenue, up 42.5% year over year. However, insiders sold $2.42 million of shares last quarter, while institutional investors own 38.43% of the company.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price was down 4.6% during trading on Tuesday . The stock traded as low as $16.98 and last traded at $17.05. Approximately 41,474,626 shares changed hands during trading, a decline of 39% from the average daily volume of 67,557,211 shares. The stock had previously closed at $17.88.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SOFI shares. Weiss Ratings upgraded shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Piper Sandler initiated coverage on shares of SoFi Technologies in a research note on Monday, August 17th. They set an "overweight" rating and a $22.00 price objective on the stock. Citigroup decreased their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a report on Monday, May 4th. Needham & Company LLC dropped their target price on shares of SoFi Technologies from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, Mizuho cut their target price 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. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, SoFi Technologies presently has an average rating of "Hold" and a consensus price target of $22.42.

SoFi Technologies Price Performance

The stock has a market capitalization of $22.02 billion, a price-to-earnings ratio of 35.52 and a beta of 2.17. The company has a 50-day simple moving average of $17.85 and a two-hundred day simple moving average of $17.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) 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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.08 EPS. SoFi Technologies's revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities research analysts predict that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the transaction, the executive vice president owned 356,442 shares of the company's stock, valued at approximately $6,415,956. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the business's stock in a transaction dated 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 sale, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. This trade represents a 10.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 136,505 shares of company stock valued at $2,418,096 in the last quarter. 2.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in SoFi Technologies during the second quarter valued at about $1,298,925,000. North Dakota State Investment Board purchased a new stake in shares of SoFi Technologies in the 4th quarter valued at approximately $1,044,000. Brighton Jones LLC lifted its position in shares of SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock valued at $11,077,000 after acquiring an additional 14,281 shares in the last quarter. Alberta Investment Management Corp acquired a new position in SoFi Technologies in the 4th quarter worth approximately $13,299,000. Finally, Trek Financial LLC purchased a new position in SoFi Technologies during the 4th quarter worth approximately $3,865,000. Institutional investors 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.

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