SoFi Technologies (NASDAQ:SOFI) Shares Down 1.7% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price fell 1.7% during mid-day trading on Monday. The stock traded as low as $14.27 and last traded at $14.30. 39,491,888 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 63,966,070 shares. The stock had previously closed at $14.55.

SoFi Technologies News Summary

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

• Positive Sentiment: Benchmark upgraded SoFi Technologies to “Strong Buy,” providing a potential catalyst as the stock trades near its yearly lows. Benchmark upgrades SoFi Technologies stock to Strong Buy
• Positive Sentiment: Analysts expect earnings growth in the upcoming report, with SoFi viewed as having factors that could support another earnings beat. The company’s latest quarter featured 42.5% year-over-year revenue growth and earnings above consensus. SoFi earnings growth expectations
• Positive Sentiment: A long-term outlook argues that SoFi’s double-digit growth may continue despite recent concerns, potentially allowing the stock to gain at least 50% by the end of 2030. Prediction: SoFi Stock Gains at Least 50% by the End of 2030
• Neutral Sentiment: The key near-term event is SoFi’s earnings release, with the market focused on whether the company can meet or exceed approximately $1.26 billion in revenue and demonstrate that its growth story remains intact. SoFi faces a $1.26 billion revenue test
• Negative Sentiment: Technical pressure remains substantial: SOFI recently reached a level not seen since last year and was reported to be about 55% below its 2025 peak. Investors are watching nearby support for signs of further downside ahead of earnings. SoFi stock reaches crucial support

Analysts Set New Price Targets

SOFI has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, July 30th. TD Cowen reduced their price objective on SoFi Technologies from $18.00 to $17.50 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Stonex Financia upgraded SoFi Technologies to a “strong-buy” rating in a report on Monday, October 12th. Truist Financial lifted their target price on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Finally, Wells Fargo & Company cut their target price on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.20.

SoFi Technologies Stock Up 2.7%

The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $18.96 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 0.83 and a beta of 2.33. The business’s 50 day simple moving average is $16.95 and its 200 day simple moving average is $17.10.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The business’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period last year, the company posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.60 EPS for the current year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,203 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $16.99, for a total value of $173,348.97. Following the completion of the transaction, the executive vice president owned 408,073 shares of the company’s stock, valued at approximately $6,933,160.27. This trade represents a 2.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the completion of the transaction, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at $15,971,375. This represents a 2.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 40,113 shares of company stock valued at $702,417. 2.50% of the stock is owned by insiders.

Institutional Trading of SoFi Technologies

A number of hedge funds have recently modified their holdings of SOFI. BlackRock Inc. bought a new position in SoFi Technologies during the second quarter valued at approximately $1,298,925,000. Bank of America Corp DE acquired a new stake in SoFi Technologies in the second quarter valued at approximately $163,808,000. Dimensional Fund Advisors LP lifted its stake in SoFi Technologies by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock valued at $144,539,000 after acquiring an additional 359,785 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in SoFi Technologies by 2.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company’s stock worth $90,348,000 after acquiring an additional 156,218 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in SoFi Technologies in the second quarter worth approximately $93,937,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

About SoFi Technologies

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.