SoFi Technologies (NASDAQ:SOFI) Shares Down 1.1% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) traded down 1.1% during mid-day trading on Thursday . The stock traded as low as $17.77 and last traded at $18.24. 80,789,340 shares changed hands during trading, an increase of 19% from the average session volume of 68,054,836 shares. The stock had previously closed at $18.44.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Stephens dropped their price objective on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. Finally, Needham & Company LLC decreased their price target on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.56.

SoFi Technologies Price Performance

The company has a market cap of $23.40 billion, a PE ratio of 41.46 and a beta of 2.14. 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 stock has a 50 day moving average of $16.88 and a 200-day moving average of $19.77.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The company’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities analysts predict that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CEO Anthony Noto purchased 15,545 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer owned 11,946,619 shares in the company, valued at $191,145,904. This represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $17.35, for a total transaction of $190,051.90. Following the transaction, the executive vice president directly owned 378,682 shares of the company’s stock, valued at $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 a total of 134,044 shares of company stock worth $2,370,056 over the last quarter. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SOFI. Brighton Jones LLC grew its position in SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares during the period. Caxton Associates LLP acquired a new position in shares of SoFi Technologies in the 1st quarter valued at about $129,000. Empowered Funds LLC boosted its stake in shares of SoFi Technologies by 5.2% in the first quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock worth $385,000 after buying an additional 1,631 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of SoFi Technologies by 23.2% in the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock worth $251,000 after buying an additional 2,596 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in SoFi Technologies during the second quarter worth about $4,633,000. 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.