SoFi Technologies (NASDAQ:SOFI) Shares Down 3% - Time to Sell?

Key Points

• Shares fell 3% to about $26.24 midday while analysts hold a consensus "Hold" rating and an average price target of $25.06, reflecting mixed analyst views (1 Strong Buy, 7 Buy, 12 Hold, 3 Sell).
• SoFi beat Q3 estimates with $0.11 EPS vs $0.09 expected and revenue of $949.6M (+37.7% YoY), and set FY2025 guidance of 0.37 EPS despite analysts forecasting ~0.26 for the current fiscal year.
• Insiders sold about 129,383 shares in the last 90 days, yet large institutions (e.g., Vanguard, Norges Bank, State Street) have added sizable positions, signalling conflicting insider versus institutional sentiment.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) shares fell 3% during mid-day trading on Tuesday . The stock traded as low as $25.71 and last traded at $26.24. 66,158,901 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 64,382,414 shares. The stock had previously closed at $27.04.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SOFI. Weiss Ratings reiterated a "hold (c)" rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of SoFi Technologies from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, October 24th. BTIG Research reissued a "neutral" rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $35.00 price objective on shares of SoFi Technologies in a research report on Tuesday, October 28th. Finally, Barclays lifted their target price on SoFi Technologies from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $25.06.

SoFi Technologies Stock Down 3.0%

The company has a market cap of $31.64 billion, a P/E ratio of 48.59, a price-to-earnings-growth ratio of 2.71 and a beta of 1.93. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $28.14 and a 200 day moving average of $22.00.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The business had revenue of $949.63 million for the quarter, compared to analysts' expectations of $880.33 million. During the same period last year, the firm posted $0.05 earnings per share. The business's revenue for the quarter was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 10,036 shares of the business's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $28.33, for a total transaction of $284,319.88. Following the completion of the sale, the executive vice president owned 275,374 shares of the company's stock, valued at $7,801,345.42. The trade was a 3.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeremy Rishel sold 98,733 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the sale, the chief technology officer owned 759,553 shares of the company's stock, valued at $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 129,383 shares of company stock valued at $3,513,171 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of SoFi Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of SoFi Technologies during the 2nd quarter valued at about $164,068,000. Vanguard Group Inc. increased its holdings in SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock worth $2,829,640,000 after acquiring an additional 6,814,727 shares in the last quarter. Quadrature Capital Ltd bought a new stake in SoFi Technologies during the 2nd quarter worth approximately $115,188,000. State Street Corp lifted its holdings in SoFi Technologies by 30.7% during the third quarter. State Street Corp now owns 24,300,498 shares of the company's stock valued at $642,019,000 after purchasing an additional 5,708,053 shares in the last quarter. Finally, Nuveen LLC purchased a new position in SoFi Technologies during the first quarter valued at approximately $47,616,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

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