SoFi Technologies (NASDAQ:SOFI) Trading Down 7.4% - Here's What Happened

Key Points

• SoFi Technologies shares were down 7.4% on Tuesday, trading as low as $27.65 and last at $27.10, with volume of ~11.99M shares—about a 74% decline from average daily volume.
• The company beat quarterly expectations, reporting $0.11 EPS vs. $0.09 expected and revenue of $949.6M (up 37.7% year‑over‑year), and set FY2025 EPS guidance at 0.37.
• Analyst sentiment is mixed with an average rating of "Hold" and a consensus price target of $25.81, while insiders have sold roughly 167,813 shares over the past 90 days.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price was down 7.4% during trading on Tuesday . The company traded as low as $27.65 and last traded at $27.10. Approximately 11,997,334 shares traded hands during trading, a decline of 74% from the average daily volume of 45,352,910 shares. The stock had previously closed at $29.28.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on SoFi Technologies from $18.00 to $20.00 and gave the stock an "underperform" rating in a research note on Wednesday, October 29th. UBS Group raised their price objective on SoFi Technologies from $20.50 to $27.50 and gave the company a "neutral" rating in a report on Thursday, October 30th. Truist Financial lowered their target price on shares of SoFi Technologies from $31.00 to $28.00 and set a "hold" rating on the stock in a research note on Tuesday, November 25th. The Goldman Sachs Group reissued a "neutral" rating and issued a $24.00 price target on shares of SoFi Technologies in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $25.81.

SoFi Technologies Stock Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. The firm's 50-day moving average price is $28.00 and its two-hundred day moving average price is $25.35. The stock has a market cap of $31.83 billion, a price-to-earnings ratio of 48.90 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The business had revenue of $949.63 million during the quarter, compared to analysts' expectations of $880.33 million. During the same quarter in the prior year, the company posted $0.05 EPS. The business's revenue for the quarter was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,340 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $26.43, for a total value of $273,286.20. Following the transaction, the executive vice president owned 265,034 shares in the company, valued at approximately $7,004,848.62. This represents a 3.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 91,837 shares of SoFi Technologies stock in a transaction on Wednesday, December 17th. The stock was 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 in the company, valued at $21,168,090.72. This represents a 10.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 167,813 shares of company stock valued at $4,403,334. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC acquired a new position in SoFi Technologies in the third quarter valued at $29,000. SJS Investment Consulting Inc. increased its position in SoFi Technologies by 840.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares during the period. Strategic Investment Solutions Inc. IL grew its stake in shares of SoFi Technologies by 693.5% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,230 shares of the company's stock valued at $32,000 after purchasing an additional 1,075 shares during the last quarter. Blume Capital Management Inc. increased its holdings in shares of SoFi Technologies by 52.9% in the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company's stock valued at $34,000 after purchasing an additional 450 shares during the period. Finally, Assetmark Inc. raised its stake in shares of SoFi Technologies by 50.5% during the third quarter. Assetmark Inc. now owns 1,273 shares of the company's stock worth $34,000 after purchasing an additional 427 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.