SoFi Technologies (NASDAQ:SOFI) Hits New 1-Year Low – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI) hit a new 52-week low during trading on Wednesday. The company traded as low as $14.75 and last traded at $14.4620, with a volume of 10,683,165 shares. The stock had previously closed at $15.24.

Key SoFi Technologies News

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

• Positive Sentiment: StoneX initiated coverage with a Buy rating, arguing that SoFi’s valuation has become attractive after its steep 2026 decline and that improving operating performance could support a recovery. The firm’s view implies approximately 64% upside. Why StoneX Initiated SoFi Stock At Buy Amid The Fintech’s 2026 Retreat
• Positive Sentiment: Benchmark Co. upgraded SoFi to Strong Buy, providing a fresh catalyst for the stock and signaling confidence in its longer-term earnings and growth outlook. SoFi Technologies upgraded by Benchmark Co.
• Positive Sentiment: SoFi’s growth strategy continues to receive support: recent coverage highlighted strong second-quarter revenue, record member and product growth, and raised 2026 revenue guidance. Its crypto-linked cards in Mexico and potential SoFiUSD transfers could expand technology-platform and cross-selling opportunities, although the near-term financial contribution is expected to be limited. SoFi Technologies’ Crypto Push
• Neutral Sentiment: SoFi announced a 10.00% distribution rate for its SoFi Enhanced Yield ETF (THTA). The announcement may raise brand visibility, but it applies to the ETF rather than directly changing SOFI’s earnings or valuation. SoFi Announces Monthly Distributions on THTA
• Negative Sentiment: Rising bond yields are tightening spreads, creating concern that higher funding costs could pressure SoFi’s lending profitability and margins. Analysts are also focused on whether the company can generate sufficient incremental margin to meet its ambitious 2026 adjusted EBITDA target. SoFi Technologies: Rising Yields Tighten Spreads

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SOFI. Wells Fargo & Company cut their price objective on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Keefe, Bruyette & Woods restated an “underperform” rating on shares of SoFi Technologies in a research report on Monday. Benchmark raised shares of SoFi Technologies to a “strong-buy” rating in a research note on Monday. Truist Financial boosted their price target on SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $15.00 price target on SoFi Technologies in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.20.

SoFi Technologies Stock Down 5.9%

The firm has a market capitalization of $18.53 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 1.27 and a beta of 2.33. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $17.31 and a two-hundred day moving average of $17.14.

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

Insider Activity

In other news, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the transaction, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at $15,971,375. The trade was a 2.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the sale, the executive vice president owned 356,442 shares of the company’s stock, valued at $6,415,956. The trade was a 3.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 51,067 shares of company stock worth $890,716 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of SoFi Technologies during the second quarter worth $1,298,925,000. Alberta Investment Management Corp purchased a new position in shares of SoFi Technologies in the fourth quarter worth approximately $13,299,000. Bank of America Corp DE bought a new position in shares of SoFi Technologies during the 2nd quarter valued at $163,808,000. D.A. Davidson & CO. boosted its position in SoFi Technologies by 22.2% during the first quarter. D.A. Davidson & CO. now owns 267,848 shares of the company’s stock worth $4,253,000 after purchasing an additional 48,682 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in SoFi Technologies by 24.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 189,849 shares of the company’s stock valued at $3,015,000 after buying an additional 37,554 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

About SoFi Technologies

SoFi Technologies, Inc is a financial technology company that provides digital financial services through its SoFi platform. Founded in 2011 as a student-loan refinancing business, the company has expanded into a broader digital banking and personal-finance provider serving consumers primarily in the United States.

SoFi offers products including personal loans, student-loan refinancing, home loans, checking and savings accounts, credit cards, investment accounts, and financial-planning tools.