SoFi Technologies (NASDAQ:SOFI) Trading Down 1.1% – Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares were down 1.1% during mid-day trading on Thursday . The stock traded as low as $17.77 and last traded at $18.24. 80,789,340 shares changed hands during trading, an increase of 19% from the average daily volume of 68,054,836 shares. The stock had previously closed at $18.44.

Key SoFi Technologies News

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

• Positive Sentiment: SoFi launched SoFi Small Business Loans, a new digital-first financing product aimed at entrepreneurs, adding another growth channel and expanding its lending ecosystem. SoFi Technologies (SOFI) Launches Digital-First Small Business Loan Platform
• Positive Sentiment: The company’s lending expansion into small business loans up to $250,000 is being viewed as a way to boost cross-selling and member engagement, supporting longer-term revenue growth. SOFI Expands Lending: Can Small Business Loans Boost Growth?
• Positive Sentiment: Commentary highlighted SoFi’s strong operating momentum, including 41% revenue growth, 15 million members, and 22 million products, which supports the bullish case for the stock. Why SoFi Looks Mispriced Again
• Neutral Sentiment: Some market coverage suggested SoFi may be trading at a premium valuation after its strong multi-year rally, which could limit upside even as fundamentals improve. SoFi (SOFI) Stock Looks Fully Priced On Fair Value And Earnings
• Negative Sentiment: One article noted that SoFi’s record loan originations are not fully convincing Wall Street yet, suggesting investors remain focused on whether growth can translate into sustained profitability and valuation support. SoFi’s Record Loan Originations Aren’t Winning Over Wall Street. Here’s the Disconnect.

Analyst Ratings Changes

SOFI has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price objective on shares of SoFi Technologies in a report on Thursday, April 30th. Needham & Company LLC decreased their target price on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Weiss Ratings cut SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Morgan Stanley set a $16.00 price target on SoFi Technologies in a research note on Thursday, April 30th. Finally, Mizuho set a $29.00 price objective on SoFi Technologies in a research report on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and a consensus price target of $22.56.

SoFi Technologies Stock Down 1.1%

The company’s 50-day simple moving average is $16.90 and its two-hundred day simple moving average is $19.84. The firm has a market capitalization of $23.40 billion, a P/E ratio of 41.46 and a beta of 2.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13.

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

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $17.35, for a total transaction of $190,051.90. Following the transaction, the executive vice president directly owned 378,682 shares of the company’s stock, valued at $6,570,132.70. The trade was a 2.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto acquired 15,545 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $16.00 per share, with a total value of $248,720.00. Following the completion of the purchase, the chief executive officer owned 11,946,619 shares in the company, valued at $191,145,904. This trade represents a 0.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 134,044 shares of company stock valued at $2,370,056. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds have recently modified their holdings of the company. CX Institutional increased its stake in shares of SoFi Technologies by 36.2% in the second quarter. CX Institutional now owns 2,477 shares of the company’s stock worth $44,000 after purchasing an additional 658 shares in the last quarter. Southern Financial Group LLC lifted its stake in shares of SoFi Technologies by 8.4% during the 1st quarter. Southern Financial Group LLC now owns 19,345 shares of the company’s stock valued at $307,000 after buying an additional 1,505 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in SoFi Technologies by 84.8% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 23,605 shares of the company’s stock worth $375,000 after buying an additional 10,830 shares during the period. NewEdge Advisors LLC increased its stake in SoFi Technologies by 24.7% in the 1st quarter. NewEdge Advisors LLC now owns 402,635 shares of the company’s stock worth $6,394,000 after buying an additional 79,819 shares in the last quarter. Finally, Cozad Asset Management Inc. bought a new stake in SoFi Technologies during the first quarter valued at about $334,000. 38.43% of the stock is currently owned by 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.