SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.1% – Here’s Why

SoFi Technologies, Inc. (NASDAQ:SOFI) dropped 1.1% during trading on Friday . The company traded as low as $16.33 and last traded at $16.46. 92,685,891 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 69,721,617 shares. The stock had previously closed at $16.65.

SoFi Technologies News Summary

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Truist Financial raised its price target on SoFi to $18 from $17, signaling slightly improved confidence in the stock’s near-term value, even though the firm kept a Hold rating. Truist raises SoFi price target
• Positive Sentiment: SoFi is drawing attention for giving retail investors access to the highly anticipated SpaceX IPO, which could help reinforce the appeal of its investing platform and support user engagement. SoFi brings SpaceX IPO access
• Neutral Sentiment: New outlook pieces from Yahoo Finance and Zacks focus on Wall Street’s Q2 2026 estimates for SoFi’s revenue, earnings, and other key operating metrics, suggesting investors are waiting for the company to prove continued growth when results are reported. SoFi Q2 outlook article
• Neutral Sentiment: Another article compares SoFi with Coinbase as a high-growth investment, keeping the stock in the spotlight but offering no direct new fundamental catalyst. Coinbase vs. SoFi article
• Negative Sentiment: SoFi’s stock has also recently fallen more than the broader market, reflecting continued pressure on the shares as investors digest the company’s growth outlook and recent trading weakness. SoFi dips more than broader market

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SOFI shares. Stephens reduced their target price on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. TD Cowen lowered their price target on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Morgan Stanley set a $16.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Truist Financial boosted their price objective on shares of SoFi Technologies from $17.00 to $18.00 and gave the company a “hold” rating in a report on Friday. Finally, Needham & Company LLC lowered their target price on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and a consensus price target of $22.83.

SoFi Technologies Trading Down 1.1%

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The stock has a market capitalization of $21.11 billion, a price-to-earnings ratio of 37.41 and a beta of 2.14. The business has a 50 day simple moving average of $17.21 and a 200-day simple moving average of $18.82.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $1.09 billion during 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 revenue for the quarter was up 42.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 10,954 shares of the stock in a transaction 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 completion of the sale, the executive vice president 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. The sale 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, CEO Anthony Noto acquired 15,545 shares of the company’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 completion of the acquisition, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 124,302 shares of company stock valued at $2,182,523. 2.50% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of 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 acquiring an additional 14,281 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of SoFi Technologies in the first quarter worth $129,000. Empowered Funds LLC boosted its holdings in SoFi Technologies by 5.2% during the first quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock worth $385,000 after purchasing an additional 1,631 shares during the last quarter. Franklin Resources Inc. boosted its holdings in SoFi Technologies by 23.2% during the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock worth $251,000 after purchasing an additional 2,596 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in SoFi Technologies in the second quarter valued at $4,633,000. Institutional investors and hedge funds 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.