SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.2% - Should You Sell?

Key Points

• SoFi's stock fell 1.2% to $26.13 on Friday on below‑average volume, and analysts' consensus rating is Hold with a consensus target price of $25.50.
• The company beat quarterly estimates with $0.11 EPS (vs. $0.09 est.) and revenue of $949.6M (+37.7% YoY), and has set FY2025 guidance at about 0.37 EPS.
• Insiders have sold 167,813 shares (~$4.4M) in the last three months, including sales by the CTO and an EVP, while insiders still own about 2.6% of the stock.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price fell 1.2% on Friday . The stock traded as low as $26.01 and last traded at $26.13. 40,402,670 shares changed hands during trading, a decline of 27% from the average session volume of 55,513,633 shares. The stock had previously closed at $26.44.

Analysts Set New Price Targets

Several research firms recently weighed in on SOFI. Truist Financial decreased their target price on shares of SoFi Technologies from $31.00 to $28.00 and set a "hold" rating for the company in a research note on Tuesday, November 25th. Keefe, Bruyette & Woods lifted their price objective on shares of SoFi Technologies from $18.00 to $20.00 and gave the company an "underperform" rating in a research report on Wednesday, October 29th. Citigroup boosted their price objective on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, October 29th. UBS Group raised their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a "neutral" rating in a research note on Thursday, October 30th. Finally, Morgan Stanley boosted their price target on SoFi Technologies from $13.00 to $18.00 and gave the stock an "underweight" rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and a consensus target price of $25.50.

SoFi Technologies Stock Down 1.2%

The company has a market cap of $31.51 billion, a price-to-earnings ratio of 48.39, a P/E/G ratio of 1.66 and a beta of 1.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The firm has a 50-day moving average price of $27.55 and a 200 day moving average price of $25.83.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The company's revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 91,837 shares of the business's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total value of $2,446,537.68. Following the completion of the sale, the chief technology officer owned 794,598 shares of the company's stock, valued at $21,168,090.72. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelli Keough sold 10,340 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $273,286.20. Following the transaction, the executive vice president owned 265,034 shares in the company, valued at approximately $7,004,848.62. The trade was a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 167,813 shares of company stock valued at $4,403,334. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. CogentBlue Wealth Advisors LLC acquired a new stake in shares of SoFi Technologies during the 4th quarter worth $200,000. Blue Trust Inc. lifted its position in SoFi Technologies by 655.2% during the fourth 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 period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in SoFi Technologies during the fourth quarter worth about $235,000. Capital Advisors Inc. OK increased its holdings in SoFi Technologies by 23.6% in the 4th quarter. Capital Advisors Inc. OK now owns 22,813 shares of the company's stock valued at $597,000 after buying an additional 4,356 shares during the period. Finally, Pinnacle Wealth Management LLC bought a new position in SoFi Technologies in the 4th quarter valued at about $1,862,000. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Company Profile

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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