SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.3% - Time to Sell?

Key Points

• SoFi shares fell 1.3% to $16.84, trading below both their 50-day and 200-day moving averages, with volume also below the average session level.
• Analyst sentiment remains mixed: nine analysts rate the stock a Buy, 11 a Hold and three a Sell, resulting in a consensus Hold rating and a $22.52 target price.
• SoFi exceeded quarterly expectations with $0.12 in EPS versus $0.11 expected and revenue of $1.21 billion, up 42.5% year over year; however, insiders sold shares during the quarter while institutional ownership stands at 38.43%.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) dropped 1.3% during trading on Wednesday . The company traded as low as $16.53 and last traded at $16.84. 48,876,247 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 65,844,719 shares. The stock had previously closed at $17.07.

Analyst Ratings Changes

SOFI has been the topic of a number of recent analyst reports. Morgan Stanley reduced their target price on SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating on the stock in a report on Thursday, July 30th. Piper Sandler initiated coverage on shares of SoFi Technologies in a research report on Monday, August 17th. They issued an "overweight" rating and a $22.00 price target on the stock. Truist Financial boosted their price objective on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, August 12th. Weiss Ratings raised shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group increased their target price on shares of SoFi Technologies from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.52.

SoFi Technologies Trading Down 1.3%

The business has a 50 day moving average of $17.80 and a 200-day moving average of $17.39. 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 has a market capitalization of $21.75 billion, a P/E ratio of 35.08, a PEG ratio of 1.45 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The business's revenue was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Analysts anticipate that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 11,286 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the transaction, the executive vice president directly owned 356,442 shares of the company's stock, valued at approximately $6,415,956. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 34,382 shares of company stock valued at $602,349. Insiders own 2.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Reynders McVeigh Capital Management LLC increased its stake in shares of SoFi Technologies by 2.6% during the second quarter. Reynders McVeigh Capital Management LLC now owns 699,538 shares of the company's stock worth $12,543,000 after purchasing an additional 17,744 shares during the period. Tidal Investments LLC boosted its stake in 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 purchasing an additional 150,923 shares during the period. Bienville Capital Management LLC acquired a new position in SoFi Technologies in the 2nd quarter valued at $27,386,000. WINTON GROUP Ltd acquired a new position in SoFi Technologies in the 2nd quarter valued at $186,000. Finally, NorthRock Partners LLC increased its position in SoFi Technologies by 30.2% during the 2nd quarter. NorthRock Partners LLC now owns 29,881 shares of the company's stock worth $536,000 after buying an additional 6,932 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Company Profile

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.

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