SoFi Technologies (NASDAQ:SOFI) Trading Down 1.6% - What's Next?

Key Points

• SoFi Technologies shares fell 1.6% in Friday trading, touching an intraday low of $15.52 before last trading at $15.75, with volume running below average.
• Recent analyst activity was mixed but cautious: multiple firms reiterated or lowered to hold/equal weight, and the stock now has a consensus rating of “Hold” with an average price target of $22.72.
• SoFi’s latest earnings showed solid growth, with Q1 EPS of $0.12 matching estimates and revenue of $1.09 billion beating expectations, while revenue rose 42.6% year over year.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) shares were down 1.6% during mid-day trading on Friday . The stock traded as low as $15.52 and last traded at $15.75. Approximately 54,413,467 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 63,907,473 shares. The stock had previously closed at $16.00.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SOFI. Argus began coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They set a "hold" rating on the stock. TD Cowen lowered their target price on shares of SoFi Technologies from $24.00 to $18.00 and set a "hold" rating on the stock in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $18.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Mizuho set a $29.00 price target on SoFi Technologies in a report on Wednesday. Finally, Barclays lowered their price target on 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 investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, SoFi Technologies currently has an average rating of "Hold" and a consensus price target of $22.72.

SoFi Technologies Trading Down 1.6%

The company's 50-day moving average price is $17.44 and its 200-day moving average price is $23.09. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 35.80 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 released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.63%. The company's revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 9,755 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $18.87, for a total value of $184,076.85. Following the transaction, the executive vice president owned 293,725 shares in the company, valued at $5,542,590.75. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Jeremy Rishel sold 94,958 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total value of $1,655,117.94. Following the completion of the transaction, the chief technology officer owned 839,640 shares in the company, valued at $14,634,925.20. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 124,197 shares of company stock valued at $2,191,758 over the last quarter. 2.60% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

Several large investors have recently bought and sold shares of SOFI. Lake Street Private Wealth LLC lifted its stake in SoFi Technologies by 4.9% in 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 in the last quarter. Xcel Wealth Management LLC grew its position in shares of SoFi Technologies by 0.6% in 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 increased its holdings in shares of SoFi Technologies by 0.4% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company's stock valued at $2,866,000 after purchasing an additional 401 shares during the last quarter. First Horizon Corp lifted its position in SoFi Technologies by 14.9% during the fourth quarter. First Horizon Corp now owns 3,116 shares of the company's stock worth $82,000 after buying an additional 405 shares in the last quarter. Finally, Cigna Investments Inc. New lifted its position in SoFi Technologies by 3.8% during the fourth quarter. Cigna Investments Inc. New now owns 11,440 shares of the company's stock worth $299,000 after buying an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

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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