SoFi Technologies (NASDAQ:SOFI) Stock Price Down 5.8% - What's Next?

Key Points

• SOFI shares fell 5.8% to $18.06 on Friday, with trading volume below its average. The decline followed a recent rebound and may reflect profit-taking.
• SoFi reported strong quarterly results, including $0.12 EPS versus $0.11 expected and $1.21 billion in revenue, up 42.5% year over year. Growth in SoFi Plus memberships could further support recurring revenue and cross-selling.
• Analyst sentiment remains cautious: eight analysts rate the stock Buy, 10 Hold and three Sell, producing a consensus Hold rating and an average price target of $22.42. Insiders have also sold shares, though some institutional investors, including BlackRock, have built positions.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price dropped 5.8% during trading on Friday . The stock traded as low as $18.03 and last traded at $18.06. 45,239,385 shares were traded during trading, a decline of 33% from the average session volume of 67,900,539 shares. The stock had previously closed at $19.18.

More SoFi Technologies News

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

• Positive Sentiment: Strong post-earnings momentum: SOFI is reported to be up 16.5% since its latest earnings release. The company exceeded quarterly earnings and revenue expectations, with revenue rising 42.5% year over year, providing support for the recent rally. SoFi Technologies Up 16.5% Since Last Earnings Report
• Positive Sentiment: SoFi Plus could broaden growth: Early gains in paid memberships may increase recurring revenue, product adoption and cross-selling opportunities across SoFi’s financial services platform. SoFi Technologies SoFi Plus
• Positive Sentiment: Technical and valuation interest: Recent gains pushed SOFI back above key short- and intermediate-term trend lines, while some investors continue to view the shares as attractive after remaining below their yearly high. Is SoFi Technologies a Bargain After Its Recent Rebound?
• Neutral Sentiment: Mixed comparison with Sezzle: Investors are comparing SoFi’s diversified, scaled fintech model with Sezzle’s more focused growth profile; the choice depends on preferences for diversification, valuation and risk. Sezzle vs. SoFi
• Negative Sentiment: Analyst caution and profit-taking risk: Despite strong operating results, one analysis recommends reducing exposure to a “hold,” and analysts overall have a consensus “Hold” rating. After the recent rebound, investors may be taking profits while waiting for evidence that earnings growth can justify the valuation. SoFi Receives Consensus Hold Recommendation

Wall Street Analysts Forecast Growth

SOFI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $18.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Truist Financial upped their price target on SoFi Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, August 12th. Stephens decreased their price target on shares of SoFi Technologies from $26.00 to $25.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Piper Sandler started coverage on SoFi Technologies in a research report on Monday, August 17th. They issued an "overweight" rating and a $22.00 target price on the stock. Finally, Citigroup decreased their price target on shares of SoFi Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $22.42.

SoFi Technologies Stock Down 5.8%

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 business's 50-day simple moving average is $17.83 and its 200-day simple moving average is $17.56. The company has a market capitalization of $23.33 billion, a PE ratio of 37.62 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the company earned $0.08 EPS. The firm'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, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 356,442 shares in the company, valued at $6,415,956. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 that occurred on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, the chief technology officer owned 895,089 shares of the company's stock, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their position. The SEC filing for this sale provides additional information. 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 worth $2,418,096 over the last 90 days. Company insiders own 2.50% of the company's stock.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds have recently modified their holdings of SOFI. BlackRock Inc. bought a new stake in shares of SoFi Technologies in the 2nd quarter valued at approximately $1,298,925,000. North Dakota State Investment Board bought a new position in shares of SoFi Technologies in the fourth quarter worth $1,044,000. Brighton Jones LLC lifted its stake in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock valued at $11,077,000 after purchasing an additional 14,281 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of SoFi Technologies during the 4th quarter worth $13,299,000. Finally, Trek Financial LLC purchased a new position in SoFi Technologies in the 4th quarter worth about $3,865,000. 38.43% of the stock is owned by institutional investors and hedge funds.

About SoFi Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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