SoFi Technologies (NASDAQ:SOFI) Shares Down 4.1% - What's Next?

Key Points

• SoFi Technologies' shares decreased by 4.1%, with the stock closing at $26.42 after trading as low as $25.70, while the volume increased significantly to over 93 million shares.
• Analysts maintain a consensus rating of "Hold" for SoFi, with a target price averaging around $20.18, despite a range of ratings from "Strong Buy" to "Sell" across various firms.
• SoFi's last quarterly earnings showed a profit of $0.08 per share despite lower-than-expected revenue, with a year-over-year revenue increase of 42.8% and FY 2025 guidance set at 0.310 EPS.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) traded down 4.1% on Tuesday . The company traded as low as $25.70 and last traded at $26.42. 93,642,266 shares traded hands during trading, an increase of 53% from the average session volume of 61,288,125 shares. The stock had previously closed at $27.55.

Wall Street Analysts Forecast Growth

SOFI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of SoFi Technologies from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Rothschild & Co Redburn initiated coverage on SoFi Technologies in a research note on Friday, August 1st. They issued a "neutral" rating and a $20.50 target price for the company. Stephens began coverage on SoFi Technologies in a research report on Thursday, June 12th. They set an "overweight" rating and a $20.00 price target on the stock. The Goldman Sachs Group assumed coverage on SoFi Technologies in a report on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective on the stock. Finally, Citigroup increased their target price on SoFi Technologies from $18.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $20.18.

SoFi Technologies Price Performance

The stock has a market cap of $31.64 billion, a P/E ratio of 55.04, a PEG ratio of 3.32 and a beta of 1.93. The company has a 50 day simple moving average of $24.66 and a 200 day simple moving average of $17.85. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $519.37 million during the quarter, compared to analysts' expectations of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The business's quarterly revenue was up 42.8% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of the company's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.86, for a total transaction of $279,602.96. Following the sale, the executive vice president owned 285,410 shares in the company, valued at approximately $7,951,522.60. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the transaction, the chief technology officer directly 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 can be found here. Insiders sold a total of 129,614 shares of company stock worth $3,452,672 over the last quarter. Company insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On SoFi Technologies

Several large investors have recently made changes to their positions in SOFI. Soltis Investment Advisors LLC increased its holdings in SoFi Technologies by 1.8% during the second quarter. Soltis Investment Advisors LLC now owns 28,436 shares of the company's stock worth $518,000 after buying an additional 501 shares during the last quarter. AE Wealth Management LLC grew its position in shares of SoFi Technologies by 2.8% in the 2nd quarter. AE Wealth Management LLC now owns 18,620 shares of the company's stock valued at $339,000 after acquiring an additional 514 shares during the period. Pathway Financial Advisers LLC increased its stake in shares of SoFi Technologies by 1.1% during the 2nd quarter. Pathway Financial Advisers LLC now owns 47,319 shares of the company's stock worth $862,000 after purchasing an additional 537 shares during the last quarter. Burney Co. increased its stake in shares of SoFi Technologies by 0.4% during the 2nd quarter. Burney Co. now owns 147,136 shares of the company's stock worth $2,679,000 after purchasing an additional 557 shares during the last quarter. Finally, Drive Wealth Management LLC raised its holdings in shares of SoFi Technologies by 1.4% in the 2nd quarter. Drive Wealth Management LLC now owns 40,546 shares of the company's stock valued at $738,000 after purchasing an additional 563 shares during the period. Institutional investors and hedge funds own 38.43% of the company's stock.

About SoFi Technologies

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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