SoFi Technologies (NASDAQ:SOFI) Shares Down 6.1% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price dropped 6.1% during trading on Thursday . The company traded as low as $19.04 and last traded at $19.30. Approximately 62,986,311 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 59,440,477 shares. The stock had previously closed at $20.55.

Wall Street Analyst Weigh In

Several research firms recently commented on SOFI. Mizuho set a $38.00 price objective on SoFi Technologies in a research report on Thursday, October 30th. UBS Group set a $24.50 target price on shares of SoFi Technologies in a research note on Monday, February 2nd. Citigroup lifted their price target on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods boosted their price objective on shares of SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Finally, Barclays raised their target price on shares of SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.21.

SoFi Technologies Stock Performance

The business’s 50-day moving average price is $25.34 and its 200-day moving average price is $26.23. The stock has a market cap of $23.65 billion, a P/E ratio of 51.61 and a beta of 2.13. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. SoFi Technologies had a return on equity of 6.48% and a net margin of 13.34%.SoFi Technologies’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Steven J. Freiberg sold 94,225 shares of SoFi Technologies stock in a transaction on Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the transaction, the director owned 588,849 shares in the company, valued at approximately $11,959,523.19. The trade was a 13.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric Schuppenhauer purchased 5,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were acquired at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the acquisition, the executive vice president owned 228,768 shares of the company’s stock, valued at approximately $4,559,346.24. This trade represents a 2.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders sold 261,470 shares of company stock worth $6,276,524. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SoFi Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. FORA Capital LLC lifted its stake in SoFi Technologies by 94.2% in the 4th quarter. FORA Capital LLC now owns 530,207 shares of the company’s stock worth $13,881,000 after purchasing an additional 257,175 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in SoFi Technologies by 24.5% during the fourth quarter. CreativeOne Wealth LLC now owns 43,020 shares of the company’s stock valued at $1,126,000 after buying an additional 8,461 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in SoFi Technologies by 2.7% during the 4th quarter. Kestra Advisory Services LLC now owns 204,629 shares of the company’s stock valued at $5,357,000 after buying an additional 5,308 shares in the last quarter. Fortis Capital Management LLC increased its stake in SoFi Technologies by 20.0% in the 4th quarter. Fortis Capital Management LLC now owns 11,262 shares of the company’s stock worth $295,000 after acquiring an additional 1,879 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of SoFi Technologies by 372.9% during the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after acquiring an additional 5,244,291 shares in the last quarter. 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.