SoFi Technologies (NASDAQ:SOFI) Shares Down 3.6% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price fell 3.6% during mid-day trading on Wednesday . The stock traded as low as $15.83 and last traded at $15.87. 85,429,813 shares were traded during mid-day trading, an increase of 30% from the average session volume of 65,669,570 shares. The stock had previously closed at $16.47.

More SoFi Technologies News

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

• Positive Sentiment: SoFi launched SoFi Coach, an AI-powered financial assistant that delivers personalized insights to members, reinforcing the company’s push into higher-margin, tech-enabled services and supporting the bullish case for future growth. SoFi Technologies (SOFI) Announces the Launch of SoFi Coach
• Positive Sentiment: Another article highlighted SoFi’s use of artificial intelligence and argued that the initiative could be a game-changer, which may be helping investors focus on product innovation rather than short-term volatility. Here’s How SoFi Is Using Artificial Intelligence (AI) and Why It Matters. Hint: It Could Be a Game-Changer.
• Neutral Sentiment: Several broker-related stories mentioned SoFi in connection with the upcoming SpaceX IPO, noting that investors who flip IPO shares too quickly could lose future allocation access through brokers including SoFi. This is more of a platform/industry note than a direct business driver. The SpaceX IPO Is Nearly Here. How Brokers Could Punish Selling Your Shares Quickly.
• Neutral Sentiment: Market commentary also referred to SoFi as a potential long-term fintech winner and a stock worth watching, while another note said short interest was effectively unchanged at zero, offering little immediate trading impact.
• Negative Sentiment: Broader investor concern remains that cash-burning fintech names can face dilution or funding pressure if profitability stalls, which may be weighing on sentiment toward SoFi despite its growth narrative. 1 Cash-Burning Stock for Long-Term Investors and 2 We Ignore

Analyst Ratings Changes

Several equities research analysts have issued reports on SOFI shares. Truist Financial lowered their price objective 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. Wells Fargo & Company lowered their price objective on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Mizuho set a $29.00 price objective on shares of SoFi Technologies in a research report on Wednesday, May 6th. TD Cowen lowered their price objective on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price objective on shares of SoFi Technologies in a research report 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. Based on data from MarketBeat, SoFi Technologies presently has an average rating of “Hold” and a consensus price target of $22.56.

SoFi Technologies Stock Performance

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 $20.36 billion, a P/E ratio of 36.07 and a beta of 2.14. The firm’s fifty day moving average price is $16.76 and its 200 day moving average price is $21.02.

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

Insider Activity

In other news, EVP Kelli Keough sold 10,037 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total value of $155,874.61. Following the completion of the sale, the executive vice president owned 323,247 shares in the company, valued at approximately $5,020,025.91. The trade was a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto purchased 15,545 shares of SoFi Technologies stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $16.00 per share, with a total value of $248,720.00. Following the acquisition, the chief executive officer owned 11,946,619 shares in the company, valued at approximately $191,145,904. This represents a 0.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 124,479 shares of company stock worth $2,163,556. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SOFI. Valley Wealth Managers Inc. bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $25,000. Blue Trust Inc. raised 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 worth $26,000 after acquiring an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. raised 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 worth $26,000 after acquiring an additional 739 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $28,000. Finally, Reflection Asset Management bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $28,000. Institutional investors own 38.43% of the company’s stock.

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.