SoFi Technologies (NASDAQ:SOFI) Trading Down 1.8% - Should You Sell?

Key Points

• SoFi shares fell 1.8% to $16.00 on Thursday with 54,170,045 shares traded (about 15% below the average), and the stock is trading below its 50‑day ($17.49) and 200‑day ($23.16) moving averages.
• Analyst sentiment is mixed with a consensus rating of "Hold" (7 Buys, 11 Holds, 3 Sells) and an average price target of $22.72, though firms have recently cut targets while JPMorgan upgraded to "Overweight" with a $31 target.
• SoFi reported Q1 EPS of $0.12 (meeting estimates) and revenue of $1.09 billion (+42.6% YoY, above estimates), and the company set FY2026 guidance around $0.60 EPS while analysts expect roughly $0.59 for the year.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price fell 1.8% during trading on Thursday . The stock traded as low as $15.83 and last traded at $16.00. 54,170,045 shares were traded during mid-day trading, a decline of 15% from the average session volume of 63,967,188 shares. The stock had previously closed at $16.30.

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of recent research reports. Morgan Stanley set a $16.00 price objective on SoFi Technologies in a research note on Thursday, April 30th. TD Cowen reduced their price target on SoFi Technologies from $24.00 to $18.00 and set a "hold" rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company lowered their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 9th. Needham & Company LLC dropped their price objective on shares of SoFi Technologies from $33.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised shares of SoFi Technologies from a "neutral" rating to an "overweight" rating and set a $31.00 target price on the stock in a research note on Tuesday, February 3rd. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, SoFi Technologies currently has a consensus rating of "Hold" and an average price target of $22.72.

SoFi Technologies Trading Down 1.8%

The firm has a market cap of $20.40 billion, a price-to-earnings ratio of 36.36 and a beta of 2.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The company has a 50 day moving average price of $17.49 and a 200 day moving average price of $23.16.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $0.06 EPS. The company's quarterly revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, research analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 9,742 shares of the business's stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $19.25, for a total value of $187,533.50. Following the sale, the executive vice president directly owned 333,284 shares of the company's stock, valued at approximately $6,415,717. The trade was a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert S. Lavet acquired 5,000 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the completion of the acquisition, the general counsel owned 17,172 shares in the company, valued at approximately $361,298.88. The trade was a 41.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 218,422 shares of company stock valued at $4,105,468. 2.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of SoFi Technologies by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company's stock valued at $2,906,061,000 after buying an additional 3,900,895 shares during the period. State Street Corp boosted its holdings in SoFi Technologies by 6.7% during the 4th quarter. State Street Corp now owns 25,937,928 shares of the company's stock valued at $679,055,000 after acquiring an additional 1,637,430 shares during the period. Geode Capital Management LLC grew its position in SoFi Technologies by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company's stock valued at $618,395,000 after acquiring an additional 1,951,248 shares in the last quarter. Morgan Stanley increased its stake in SoFi Technologies by 33.6% during the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company's stock worth $348,806,000 after purchasing an additional 3,350,258 shares during the period. Finally, Norges Bank acquired a new stake in shares of SoFi Technologies during the fourth quarter worth about $321,515,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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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