SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.2% - Should You Sell?

Key Points

• SoFi shares fell 1.2% to $15.72 in mid-day trading, with volume 38% below the average session level.
• Analysts have a consensus “Hold” rating on SOFI, with an average price target of $22.52; nine analysts rate it Buy, 11 Hold, and three Sell.
• SoFi recently exceeded quarterly expectations, reporting $0.12 in EPS versus $0.11 forecast and $1.21 billion in revenue, up 42.5% year over year. Insiders have sold $890,716 worth of shares over the past 90 days, primarily through pre-arranged trading plans.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) dropped 1.2% during trading on Wednesday. The stock traded as low as $15.71 and last traded at $15.72. 40,372,102 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 65,134,258 shares. The stock had previously closed at $15.91.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SOFI shares. Weiss Ratings upgraded shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Loop Capital started coverage on SoFi Technologies in a report on Tuesday, September 8th. They issued a "hold" rating and a $22.00 price target on the stock. Wells Fargo & Company dropped their price objective 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. Morgan Stanley reduced their price objective on SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, July 30th. Finally, The Goldman Sachs Group boosted their target price on SoFi Technologies from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and an average price target of $22.52.

SoFi Technologies Stock Performance

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 stock has a fifty day moving average price of $17.55 and a two-hundred day moving average price of $17.25. The company has a market capitalization of $20.30 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 1.33 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The business's revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of the firm's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the transaction, the chief technology officer directly owned 912,650 shares of the company's stock, valued at $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the transaction, the executive vice president owned 356,442 shares in the company, valued at approximately $6,415,956. This represents a 3.07% decrease in their position. 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 have sold a total of 51,067 shares of company stock worth $890,716 in the last 90 days. Company insiders own 2.50% of the company's stock.

Institutional Investors Weigh In On SoFi Technologies

A number of large investors have recently modified their holdings of SOFI. Capital Advisors Inc. OK lifted its position in SoFi Technologies by 2.2% during the 2nd quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company's stock worth $508,000 after acquiring an additional 615 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in SoFi Technologies by 2.3% in the first quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company's stock valued at $464,000 after acquiring an additional 653 shares in the last quarter. CX Institutional grew its position in SoFi Technologies by 36.2% in the second quarter. CX Institutional now owns 2,477 shares of the company's stock valued at $44,000 after acquiring an additional 658 shares in the last quarter. MCF Advisors LLC raised its stake in shares of SoFi Technologies by 27.7% during the fourth quarter. MCF Advisors LLC now owns 3,126 shares of the company's stock valued at $82,000 after purchasing an additional 678 shares during the period. Finally, Archer Investment Corp raised its stake in shares of SoFi Technologies by 27.6% during the first quarter. Archer Investment Corp now owns 3,191 shares of the company's stock valued at $51,000 after purchasing an additional 691 shares during the period. Institutional investors and hedge funds own 38.43% of the company's stock.

About SoFi Technologies

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.

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