SoFi Technologies (NASDAQ:SOFI) Shares Down 2.8% – Time to Sell?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) traded down 2.8% during trading on Monday . The stock traded as low as $26.55 and last traded at $27.04. 75,359,731 shares traded hands during trading, an increase of 17% from the average session volume of 64,371,516 shares. The stock had previously closed at $27.82.

Analyst Upgrades and Downgrades

Several research firms recently commented on SOFI. Morgan Stanley raised their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Citigroup lifted their target price on shares of SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Rothschild & Co Redburn started coverage on shares of SoFi Technologies in a research report on Friday, August 1st. They set a “neutral” rating and a $20.50 price target for the company. The Goldman Sachs Group increased their price target on SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, UBS Group boosted their price objective on SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.06.

SoFi Technologies Trading Up 1.8%

The firm has a market cap of $32.22 billion, a P/E ratio of 49.48, a P/E/G ratio of 2.64 and a beta of 1.93. 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 has a fifty day moving average of $28.14 and a 200-day moving average of $22.10.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The firm had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. During the same period last year, the company earned $0.05 earnings per share. The firm’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. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the sale, the chief technology officer owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kelli Keough sold 10,036 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $28.33, for a total value of $284,319.88. Following the transaction, the executive vice president owned 275,374 shares of the company’s stock, valued at approximately $7,801,345.42. This represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 118,805 shares of company stock valued at $3,279,080 over the last three months. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of SoFi Technologies

Several hedge funds have recently added to or reduced their stakes in SOFI. Xcel Wealth Management LLC boosted its position in SoFi Technologies by 0.6% during the 3rd quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock valued at $1,874,000 after buying an additional 392 shares during the period. Key Client Fiduciary Advisors LLC raised its stake in shares of SoFi Technologies by 3.1% during the third quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock valued at $373,000 after acquiring an additional 419 shares during the last quarter. Assetmark Inc. boosted its holdings 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 period. Cigna Investments Inc. New grew its stake in shares of SoFi Technologies by 4.2% in the third quarter. Cigna Investments Inc. New now owns 11,024 shares of the company’s stock worth $291,000 after purchasing an additional 446 shares during the last quarter. Finally, Blume Capital Management Inc. grew its position in shares of SoFi Technologies by 52.9% in the 3rd quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock worth $34,000 after buying an additional 450 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.