SoFi Technologies (NASDAQ:SOFI) Stock Price Down 7% - Here's What Happened

Key Points

• SoFi shares fell 7% on Friday, trading as low as $17.31 and finishing near $17.76 on unusually heavy volume (~115 million shares, +87% vs. average).
• The company beat Q4 estimates with $0.13 EPS vs. $0.12 expected and $1.01B revenue (up 39.6% YoY), but analyst sentiment is mixed—average rating "Hold" with a mean target of $26.34 and diverging price targets from $20.50 to $38.00.
• Insider selling has been notable recently, with executives disposing of 214,753 shares (~$5.0M) in the last 90 days; insiders own 2.6% of the stock while institutions hold about 38.4%.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price traded down 7% during trading on Friday . The company traded as low as $17.31 and last traded at $17.76. 114,975,153 shares were traded during trading, an increase of 87% from the average session volume of 61,432,707 shares. The stock had previously closed at $19.10.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Mizuho set a $38.00 price objective on SoFi Technologies in a research note on Thursday, October 30th. The Goldman Sachs Group lowered their price objective on shares of SoFi Technologies from $27.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, January 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of SoFi Technologies in a report on Thursday, January 22nd. Bank of America started coverage on shares of SoFi Technologies in a report on Tuesday, January 6th. They issued an "underperform" rating and a $20.50 price target for the company. Finally, UBS Group set a $24.50 price objective on shares of SoFi Technologies in a research note on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $26.34.

SoFi Technologies Stock Performance

The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. The stock has a market cap of $21.42 billion, a PE ratio of 46.74 and a beta of 2.13. The business's 50-day moving average price is $23.99 and its 200-day moving average price is $26.05.

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

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 91,837 shares of the business's stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the sale, the chief technology officer owned 794,598 shares of the company's stock, valued at approximately $21,168,090.72. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Freiberg sold 94,225 shares of the firm's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the completion of the transaction, the director directly owned 588,849 shares of the company's stock, valued at approximately $11,959,523.19. This represents a 13.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 214,753 shares of company stock valued at $5,045,087. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of SoFi Technologies

Several large investors have recently made changes to their positions in the business. Lake Street Private Wealth LLC grew its position in SoFi Technologies by 4.9% during the 4th quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company's stock worth $219,000 after purchasing an additional 390 shares during the period. Xcel Wealth Management LLC boosted its position in SoFi Technologies by 0.6% in the 3rd quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company's stock worth $1,874,000 after purchasing an additional 392 shares in the last quarter. Capital Advisors Wealth Management LLC boosted its position in SoFi Technologies by 0.4% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company's stock worth $2,866,000 after purchasing an additional 401 shares in the last quarter. First Horizon Corp grew its stake in shares of SoFi Technologies by 14.9% during the 4th quarter. First Horizon Corp now owns 3,116 shares of the company's stock worth $82,000 after purchasing an additional 405 shares during the period. Finally, Cigna Investments Inc. New increased its holdings in shares of SoFi Technologies by 3.8% during the 4th quarter. Cigna Investments Inc. New now owns 11,440 shares of the company's stock valued at $299,000 after purchasing an additional 416 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

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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