SoFi Technologies (NASDAQ:SOFI) Trading Down 1.4% After Analyst Downgrade

Key Points

• Citigroup lowered its price target on SoFi from $37 to $30 (while keeping a "buy" rating), and the stock slipped about 1.4% to $16.20 on Monday with trading volume roughly in line with average.
• Analyst coverage is mixed—seven Buys, eleven Holds and three Sells—giving SoFi a consensus "Hold" rating and a consensus target price of $23.22.
• Fundamentals: SoFi reported Q results that met EPS estimates ($0.12) and beat revenue ($1.09B vs. $1.05B), with revenue up 42.6% year-over-year and FY2026 guidance of about 0.60 EPS.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) fell 1.4% during trading on Monday after Citigroup lowered their price target on the stock from $37.00 to $30.00. Citigroup currently has a buy rating on the stock. SoFi Technologies traded as low as $16.13 and last traded at $16.20. 65,906,053 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 64,295,609 shares. The stock had previously closed at $16.43.

SOFI has been the topic of a number of other reports. JPMorgan Chase & Co. raised SoFi Technologies from a "neutral" rating to an "overweight" rating and set a $31.00 target price on the stock in a report on Tuesday, February 3rd. Argus assumed coverage on SoFi Technologies in a report on Wednesday, April 15th. They set a "hold" rating for the company. UBS Group reduced their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a "neutral" rating for the company in a research report on Thursday. 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 objective on the stock. Finally, Barclays dropped their price objective on shares of SoFi Technologies from $28.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and a consensus target price of $23.22.

Insider Transactions at SoFi Technologies

In other news, Director Steven J. Freiberg sold 94,225 shares of the company'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 sale, the director directly owned 588,849 shares in the company, valued at approximately $11,959,523.19. This represents a 13.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony Noto bought 28,900 shares of SoFi Technologies stock in a transaction dated Tuesday, March 17th. The shares were bought at an average cost of $17.32 per share, for a total transaction of $500,548.00. Following the completion of the acquisition, the chief executive officer owned 11,704,352 shares in the company, valued at $202,719,376.64. This represents a 0.25% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 38,900 shares of company stock worth $705,398 and sold 218,422 shares worth $4,105,468. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SoFi Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lake Street Private Wealth LLC boosted its position in shares of 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 acquiring an additional 390 shares in the last quarter. Xcel Wealth Management LLC raised its position in SoFi Technologies by 0.6% during the third quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company's stock valued at $1,874,000 after purchasing an additional 392 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its stake in SoFi Technologies by 0.4% during the fourth 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 during the last quarter. First Horizon Corp boosted its position in SoFi Technologies by 14.9% in the fourth quarter. First Horizon Corp now owns 3,116 shares of the company's stock valued at $82,000 after buying an additional 405 shares in the last quarter. Finally, Cigna Investments Inc. New boosted its position in SoFi Technologies by 3.8% in the fourth quarter. Cigna Investments Inc. New now owns 11,440 shares of the company's stock valued at $299,000 after buying an additional 416 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Trading Down 1.4%

The business's 50 day simple moving average is $17.59 and its two-hundred day simple moving average is $23.32. The stock has a market cap of $20.66 billion, a P/E ratio of 36.82 and a beta of 2.12. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.05 billion. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.SoFi Technologies's revenue was up 42.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

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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