SoFi Technologies (NASDAQ:SOFI) Stock Price Down 2.8% - Here's What Happened

Key Points

• Shares fell 2.8% mid-day to $27.04 (low $26.55) on ~75.36 million shares traded, a 17% increase versus average volume.
• SoFi beat recent quarter estimates with $0.11 EPS vs. $0.09 expected and $949.6M revenue vs. $880.3M, and set FY2025 guidance of 0.37 EPS; the stock trades at a market cap of ~$32.6B and a PE of ~50.
• Analysts are mixed: the consensus rating is "Hold" with a $25.06 consensus price target, though individual targets range roughly $20.50–$38 and several firms recently raised targets (e.g., Goldman to $27, Mizuho to $38).

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price dropped 2.8% during mid-day trading on Monday . The stock traded as low as $26.55 and last traded at $27.04. Approximately 75,359,731 shares changed hands during trading, an increase of 17% from the average daily volume of 64,371,516 shares. The stock had previously closed at $27.82.

Wall Street Analyst Weigh In

Several research firms recently commented on SOFI. The Goldman Sachs Group boosted their price objective on shares of SoFi Technologies from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 29th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $35.00 price target on shares of SoFi Technologies in a report on Tuesday, October 28th. UBS Group increased their price target on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a "neutral" rating in a research report on Thursday, October 30th. Mizuho set a $38.00 price objective on SoFi Technologies in a research report on Thursday, October 30th. Finally, Rothschild & Co Redburn began coverage on SoFi Technologies in a report on Friday, August 1st. They set a "neutral" rating and a $20.50 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.06.

SoFi Technologies Trading Down 2.8%

The business has a 50 day simple moving average of $28.12 and a two-hundred day simple moving average of $21.90. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. The company has a market cap of $32.61 billion, a PE ratio of 50.08, a price-to-earnings-growth ratio of 2.71 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating 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 firm had revenue of $949.63 million during the quarter, compared to analyst estimates of $880.33 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The business's quarterly revenue was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In other news, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the transaction, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. This represents a 11.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelli Keough sold 10,578 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total transaction of $234,091.14. Following the completion of the sale, the executive vice president owned 234,622 shares of the company's stock, valued at approximately $5,192,184.86. The trade was a 4.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 129,383 shares of company stock worth $3,513,171. Insiders own 2.60% of the company's stock.

Institutional Trading of SoFi Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC grew its position in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock valued at $11,077,000 after acquiring an additional 14,281 shares during the period. New York State Common Retirement Fund lifted its stake in shares of SoFi Technologies by 2.4% in the 1st quarter. New York State Common Retirement Fund now owns 556,987 shares of the company's stock valued at $6,478,000 after purchasing an additional 13,000 shares in the last quarter. CWM LLC grew its holdings in shares of SoFi Technologies by 2.0% during the 1st quarter. CWM LLC now owns 82,399 shares of the company's stock worth $958,000 after purchasing an additional 1,613 shares during the period. Signaturefd LLC increased its position in SoFi Technologies by 6.2% during the 1st quarter. Signaturefd LLC now owns 21,476 shares of the company's stock worth $250,000 after purchasing an additional 1,246 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in SoFi Technologies by 22.1% in the first quarter. Wealthfront Advisers LLC now owns 151,800 shares of the company's stock valued at $1,765,000 after buying an additional 27,456 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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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