SoFi Technologies (NASDAQ:SOFI) Shares Down 4% - Time to Sell?

Key Points

• Shares fell about 4% to $15.23 on Friday with volume below average, as the stock slid despite SoFi announcing over $3.6 billion of loan‑platform agreements and other operational positives.
• Short‑seller accusations (notably Muddy Waters) alleging accounting and securitization problems — and warnings from investor Steve Eisman — have drawn scrutiny and appear to be weighing on the stock even though SoFi denies the claims.
• Wall Street is mixed — consensus rating is "Hold" with a $25.91 average price target — and while SoFi delivered strong revenue growth and an EPS beat, it trades at a high P/E (~40), insiders sold 218,148 shares versus 38,900 bought in the last three months, and the share price sits below both its 50‑ and 200‑day moving averages, underscoring upside potential but clear risk.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) traded down 4% during mid-day trading on Friday . The stock traded as low as $15.15 and last traded at $15.23. 54,210,449 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 64,620,141 shares. The stock had previously closed at $15.87.

SoFi Technologies News Roundup

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

• Positive Sentiment: SoFi expanded its Loan Platform Business with agreements totalling over $3.6 billion, adding expected loan delivery commitments that boost fee and capital‑light revenue potential. SoFi Expands Loan Platform Business
• Positive Sentiment: SoFi’s 2020 acquisition of Galileo is highlighted as a growth engine—powering BNPL, AI engagement tools and faster product launches that improve cross‑sell and recurring fee revenue. SoFi's Galileo Integration
• Positive Sentiment: CEO Anthony Noto disclosed an insider purchase (28,900 shares), a signal often read as management confidence amid the controversy. CEO Anthony Noto Just Bought 28,900 Shares
• Positive Sentiment: Analysts and commentators have recently turned constructive, citing strong execution: revenue and member growth, rising fee revenue and management’s multi‑year revenue/EPS CAGR targets. SoFi: Execution Makes It A Buy Again
• Neutral Sentiment: A long‑term investor note: one commentator says they sold at $30 and is now considering re‑entry after the pullback — underscores mixed positioning and potential for a patient accumulation thesis. I Sold SoFi At $30, Now I'm Eyeing Re-Entry
• Negative Sentiment: Muddy Waters and other short sellers have accused SoFi of accounting and securitization problems; the allegations prompted market scrutiny and concern over the quality of private‑credit and loan sales. SoFi has strongly denied the claims. SoFi Short-Seller Clash
• Negative Sentiment: Veteran investor Steve Eisman warned SoFi’s securitization/private‑credit issues could be “potentially a disaster,” amplifying credit‑cycle fears and pressuring valuation. Steve Eisman Says SoFi's Private Credit Problems Could Be 'Potentially A Disaster'
• Negative Sentiment: Market reaction: shares have dipped even after the funding expansion announcement, reflecting that skepticism over accounting/credit issues and broader geopolitical risk currently outweighs some operational positives. SoFi shares fall despite funding expansion

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SOFI shares. The Goldman Sachs Group decreased their target price on SoFi Technologies from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, January 6th. Truist Financial reduced their target price on SoFi Technologies from $28.00 to $21.00 and set a "hold" rating for the company in a report on Wednesday, February 18th. Wells Fargo & Company began coverage on SoFi Technologies in a research report on Thursday, March 19th. They issued an "equal weight" rating and a $19.00 price target for the company. Barclays lifted their price target on SoFi Technologies from $23.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 6th. Finally, Bank of America assumed coverage on SoFi Technologies in a report on Tuesday, January 6th. They set an "underperform" rating and a $20.50 price objective on the stock. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $25.91.

SoFi Technologies Trading Down 4.0%

The stock has a market cap of $19.42 billion, a price-to-earnings ratio of 40.08 and a beta of 2.20. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $20.25 and a 200-day moving average of $25.12.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The business's revenue was up 39.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In related news, Director Steven J. Freiberg sold 94,225 shares of SoFi Technologies stock in a transaction on Friday, February 6th. The shares were sold at an average price of $20.31, for a total value of $1,913,709.75. Following the completion of the sale, the director owned 588,849 shares of the company's stock, valued at approximately $11,959,523.19. The trade was a 13.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeremy Rishel sold 94,958 shares of the company's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the completion of the sale, the chief technology officer owned 839,640 shares of the company's stock, valued at $14,634,925.20. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders acquired 38,900 shares of company stock valued at $705,398 and sold 218,148 shares valued at $4,161,735. 2.60% of the stock is owned by insiders.

Institutional Trading of SoFi Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in SOFI. Valley Wealth Managers Inc. acquired a new position in shares of SoFi Technologies during the 4th quarter valued at about $25,000. Vermillion Wealth Management Inc. lifted its holdings in SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 739 shares during the last quarter. Blue Trust Inc. lifted its holdings in SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company's stock worth $26,000 after purchasing an additional 878 shares during the last quarter. Reflection Asset Management bought a new stake in SoFi Technologies during the fourth quarter worth approximately $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in SoFi Technologies during the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 38.43% of the company's stock.

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.

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