SoFi Technologies (NASDAQ:SOFI) Trading Down 2.4% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares dropped 2.4% during mid-day trading on Tuesday . The stock traded as low as $25.21 and last traded at $25.5050. Approximately 36,713,821 shares changed hands during trading, a decline of 32% from the average daily volume of 53,993,965 shares. The stock had previously closed at $26.13.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SOFI. Keefe, Bruyette & Woods lifted their price objective on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Needham & Company LLC raised their price objective on SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Jefferies Financial Group restated a “buy” rating and issued a $35.00 price target on shares of SoFi Technologies in a research report on Tuesday, October 28th. The Goldman Sachs Group cut their price objective on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Finally, BTIG Research reiterated a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.50.

SoFi Technologies Price Performance

The stock has a market capitalization of $30.76 billion, a PE ratio of 47.23, a price-to-earnings-growth ratio of 1.63 and a beta of 1.92. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $27.42 and its 200-day moving average price is $26.05.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $949.63 million during the quarter, compared to analysts’ expectations of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 9,468 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $27.14, for a total transaction of $256,961.52. Following the transaction, the executive vice president owned 312,948 shares of the company’s stock, valued at approximately $8,493,408.72. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Arun Pinto sold 46,132 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the completion of the transaction, the insider directly owned 138,396 shares of the company’s stock, valued at $3,426,684.96. This trade represents a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 157,777 shares of company stock valued at $4,119,014 over the last three months. 2.60% of the stock is owned by company insiders.

Institutional Trading of SoFi Technologies

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after buying an additional 878 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of SoFi Technologies in the fourth quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SoFi Technologies in the fourth quarter worth about $29,000. SJS Investment Consulting Inc. increased its holdings in shares of SoFi Technologies by 840.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of SoFi Technologies in the third quarter worth about $29,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.