SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report)’s stock price dropped 1.4% during mid-day trading on Tuesday . The company traded as low as $17.72 and last traded at $17.93. 74,017,802 shares were traded during trading, an increase of 9% from the average daily volume of 67,842,172 shares. The stock had previously closed at $18.19.
Key Headlines Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: SoFi launched SoFi Small Business Loans, a new digital-first financing product aimed at entrepreneurs, adding another growth channel and expanding its lending ecosystem. SoFi Technologies (SOFI) Launches Digital-First Small Business Loan Platform
- Positive Sentiment: The company’s lending expansion into small business loans up to $250,000 is being viewed as a way to boost cross-selling and member engagement, supporting longer-term revenue growth. SOFI Expands Lending: Can Small Business Loans Boost Growth?
- Positive Sentiment: Commentary highlighted SoFi’s strong operating momentum, including 41% revenue growth, 15 million members, and 22 million products, which supports the bullish case for the stock. Why SoFi Looks Mispriced Again
- Neutral Sentiment: Some market coverage suggested SoFi may be trading at a premium valuation after its strong multi-year rally, which could limit upside even as fundamentals improve. SoFi (SOFI) Stock Looks Fully Priced On Fair Value And Earnings
- Negative Sentiment: One article noted that SoFi’s record loan originations are not fully convincing Wall Street yet, suggesting investors remain focused on whether growth can translate into sustained profitability and valuation support. SoFi’s Record Loan Originations Aren’t Winning Over Wall Street. Here’s the Disconnect.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on SOFI. The Goldman Sachs Group restated a “neutral” rating and set a $17.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. 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 note on Thursday, April 30th. Argus initiated coverage on shares of SoFi Technologies in a report on Wednesday, April 15th. They issued a “hold” rating for the company. Stephens dropped their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Truist Financial reduced their price target on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and a consensus price target of $22.56.
SoFi Technologies Trading Down 1.1%
The stock has a 50-day simple moving average of $16.90 and a two-hundred day simple moving average of $19.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The firm has a market cap of $23.40 billion, a PE ratio of 41.24 and a beta of 2.14.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $1.09 billion for 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 6.25%. The business’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current year.
Insider Activity
In other SoFi Technologies news, CEO Anthony Noto bought 15,545 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the transaction, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at $191,145,904. This represents a 0.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelli Keough sold 10,954 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total transaction of $190,051.90. Following the sale, the executive vice president directly owned 378,682 shares of the company’s stock, valued at approximately $6,570,132.70. This represents a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 134,044 shares of company stock valued at $2,370,056 in the last ninety days. 2.50% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On SoFi Technologies
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies in the fourth quarter worth about $25,000. Blue Trust Inc. grew its stake in shares of SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after acquiring an additional 878 shares during the period. Vermillion Wealth Management Inc. grew its stake in shares of SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 739 shares during the period. Central Pacific Bank Trust Division purchased a new stake in SoFi Technologies in the 4th quarter worth approximately $28,000. Finally, Reflection Asset Management purchased a new stake in SoFi Technologies in the 4th quarter worth approximately $28,000. 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.
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