SoFi Technologies (NASDAQ:SOFI) Shares Down 1.6% – Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price was down 1.6% during trading on Friday . The company traded as low as $15.52 and last traded at $15.75. Approximately 54,413,467 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 63,907,473 shares. The stock had previously closed at $16.00.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: SoFi’s Q1 results showed accelerating growth, record new customer additions, strong loan originations, and improving profitability, reinforcing the case that the business is still scaling well. SoFi Just Reported 1 Number That Should Be on Every Investor’s Radar
• Positive Sentiment: Analysts and market commentators highlighted that SoFi’s first quarter featured strong member growth and revenue expansion, with some coverage describing the stock as a buy after the results. Is SoFi Technologies Stock a Buy After Its Strong Q1 2026 Earnings?
• Positive Sentiment: One bullish note pointed to SoFi’s record-breaking quarter, 35% member growth, and robust cross-selling, suggesting the company is expanding into higher-margin lending products while keeping capital ratios healthy. SoFi: Buying The Drawdown After A Record-Breaking Q1
• Neutral Sentiment: Coverage also noted that SoFi maintained its full-year guidance instead of raising it, which may have disappointed some investors even though the underlying results were strong. Is Now the Best Time to Buy SoFi Stock or the Worst?
• Neutral Sentiment: Another article focused on a key operating metric that investors are watching closely, reinforcing that the market is evaluating SoFi on execution and sustainability rather than just growth headlines. 1 Number That Should Change the Way You Think About SoFi Stock
• Negative Sentiment: Some investors are concerned that rising personal-loan charge-offs could weigh on credit quality, even though management says losses remain within tolerance. SoFi: Buying The Drawdown After A Record-Breaking Q1

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial reduced their target price on SoFi Technologies from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Tuesday, February 3rd. Needham & Company LLC reduced their target price on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. TD Cowen reduced their target price on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Finally, Morgan Stanley set a $16.00 target price on SoFi Technologies in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and a consensus price target of $22.72.

SoFi Technologies Stock Down 1.6%

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18. The stock has a market capitalization of $20.09 billion, a PE ratio of 35.80 and a beta of 2.12. The company has a 50 day moving average price of $17.44 and a 200-day moving average price of $23.09.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The firm’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 9,742 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $19.25, for a total value of $187,533.50. Following the sale, the executive vice president directly owned 333,284 shares of the company’s stock, valued at $6,415,717. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto purchased 28,900 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average cost of $17.32 per share, for a total transaction of $500,548.00. Following the completion of the purchase, the chief executive officer owned 11,704,352 shares of the company’s stock, valued at $202,719,376.64. This trade represents a 0.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 124,197 shares of company stock valued at $2,191,758 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. Norges Bank purchased a new stake in SoFi Technologies in the fourth quarter worth $321,515,000. Vanguard Group Inc. boosted its holdings in SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock worth $2,829,640,000 after acquiring an additional 6,814,727 shares in the last quarter. State Street Corp boosted its holdings in SoFi Technologies by 30.7% in the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after acquiring an additional 5,708,053 shares in the last quarter. Marshall Wace LLP boosted its holdings in SoFi Technologies by 372.9% in the fourth 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. Finally, Morgan Stanley boosted its holdings in SoFi Technologies by 33.6% in the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after acquiring an additional 3,350,258 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Company Profile

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.