SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.4% - What's Next?

Key Points

• SoFi shares fell 1.4% to $18.12, with trading volume 47% below the average. The stock’s average analyst rating is “Hold,” with a consensus price target of $22.38.
• Analysts recently issued mixed outlooks, including Morgan Stanley and Wells Fargo lowering price targets, while Goldman Sachs raised its target to $21; ratings include seven Buys, ten Holds, and three Sells.
• SoFi’s latest quarter exceeded expectations, with EPS of $0.12 versus $0.11 expected and revenue of $1.21 billion, up 42.5% year over year. Insiders sold 135,256 shares worth about $2.37 million over the past three months.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price traded down 1.4% on Monday . The stock traded as low as $17.99 and last traded at $18.12. 37,141,880 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 70,090,602 shares. The stock had previously closed at $18.38.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group increased their price target on shares of SoFi Technologies from $17.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Weiss Ratings lowered shares of SoFi Technologies from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, May 26th. Wells Fargo & Company reduced their target price on SoFi Technologies from $18.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Finally, Stephens decreased their target price on SoFi Technologies from $26.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $22.38.

SoFi Technologies Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $17.46 and its 200-day moving average is $18.08. The company has a market capitalization of $23.24 billion, a P/E ratio of 37.75 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.39%. SoFi Technologies's quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 102,123 shares of the company's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the sale, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. This represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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. Also, EVP Kelli Keough sold 10,954 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $17.19, for a total value of $188,299.26. Following the transaction, the executive vice president directly owned 367,728 shares of the company's stock, valued at approximately $6,321,244.32. This trade represents a 2.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 135,256 shares of company stock worth $2,370,822. Insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On SoFi Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC grew its position in SoFi Technologies by 2.0% during the 4th 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. Caxton Associates LLP bought a new position in shares of SoFi Technologies in the first quarter worth approximately $129,000. Empowered Funds LLC grew its holdings in shares of SoFi Technologies by 5.2% during the first quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock valued at $385,000 after buying an additional 1,631 shares during the last quarter. Franklin Resources Inc. increased its position in shares of SoFi Technologies by 23.2% during the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company's stock valued at $251,000 after acquiring an additional 2,596 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in SoFi Technologies in the 2nd quarter worth approximately $4,633,000. 38.43% of the stock is currently owned by institutional investors.

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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