SoFi Technologies (NASDAQ:SOFI) Stock Price Down 2.3% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) was down 2.3% during trading on Tuesday. The company traded as low as $15.91 and last traded at $16.37. 49,071,244 shares changed hands during trading, a decline of 23% from the average session volume of 63,590,758 shares. The stock had previously closed at $16.75.

Latest SoFi Technologies News

These are some of the SOFI news items that stood out recently:

• Positive Sentiment: SoFi reported record third-quarter 2026 loan originations of $16.9 billion, up 71% year over year. Lending adjusted net revenue rose 68% to $807.4 million, showing strong demand across its lending products. Article: SOFI’s Q3 Loan Originations Hit Record High: Can Growth Continue?
• Positive Sentiment: ARK Invest reportedly bought about $6.8 million of SoFi shares, a notable institutional vote of confidence. Scotiabank also reiterated its $26 price target. Article: Cathie Wood Sees Something in SoFi Article: Could SoFi Actually Climb 59%?
• Negative Sentiment: The new deposit offer advertises a variable 4.40% yield. If attracting deposits at that rate weighs on funding costs, it could limit profitability. More broadly, SoFi’s growth outlook depends on turning free or low-revenue products into profitable customer relationships. Article: SoFi’s 4.40% Deposit Offer Could Be a Smart Move. Here’s the Risk. Article: SoFi’s Record Profits Hide 1 Number That Could Decide Its 2027 Growth

Analyst Ratings Changes

Several equities analysts recently weighed in on SOFI shares. Benchmark reaffirmed a “sector outperform” rating on shares of SoFi Technologies in a research note on Wednesday, October 28th. Loop Capital initiated coverage on shares of SoFi Technologies in a research note on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price for the company. Wells Fargo & Company restated a “negative” rating on shares of SoFi Technologies in a report on Wednesday, October 28th. Mizuho reduced their price target on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Finally, Stonex Financial upgraded SoFi Technologies to a “strong-buy” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.27.

SoFi Technologies Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.10 and a current ratio of 0.74. The stock’s 50 day moving average is $16.28 and its two-hundred day moving average is $17.51. The stock has a market capitalization of $20.19 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.02 and a beta of 2.25.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.25 billion. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.81%. The business’s revenue was up 44.4% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Activity

In related news, EVP Kelli Keough sold 11,286 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the transaction, the executive vice president owned 356,442 shares of the company’s stock, valued at $6,415,956. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $17.50, for a total transaction of $325,920.00. Following the completion of the transaction, the chief technology officer directly owned 912,650 shares in the company, valued at $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 50,316 shares of company stock worth $852,605. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SoFi Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of SoFi Technologies during the second quarter worth approximately $1,298,925,000. Bank of America Corp DE purchased a new position in shares of SoFi Technologies during the 2nd quarter worth approximately $163,808,000. Dimensional Fund Advisors LP raised its position in SoFi Technologies by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock worth $144,539,000 after acquiring an additional 359,785 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of SoFi Technologies in the 2nd quarter valued at about $93,937,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of SoFi Technologies by 4.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,925,068 shares of the company’s stock valued at $88,306,000 after acquiring an additional 198,336 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

About SoFi Technologies

SoFi Technologies, Inc. is a U.S.-based digital financial services company that offers consumer lending, banking and investment products through its online platform. Its services include personal, student and home loans, deposit accounts, credit cards and investment offerings. Founded in 2011 as Social Finance, the company initially focused on student loan refinancing before expanding into a broader range of financial services. SoFi also provides financial technology infrastructure through businesses including Galileo, which supports payment processing and other services for financial institutions and fintech companies.