SoFi Technologies (NASDAQ:SOFI) Stock Price Down 15.4% – Here’s Why

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price fell 15.4% during mid-day trading on Wednesday . The stock traded as low as $15.50 and last traded at $15.53. 197,759,248 shares were traded during mid-day trading, an increase of 211% from the average session volume of 63,668,434 shares. The stock had previously closed at $18.36.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: Record Q1 operating beat — SoFi reported ~41% YoY revenue growth, $340M EBITDA and 14.7M members with improving NIMs and deposit growth; bulls say the pullback hides durable growth and cross?sell momentum. Article Title
• Positive Sentiment: High-profile support: Jim Cramer and other commentators called the market’s sell-off an overreaction to conservative guidance, which could encourage value buyers. Article Title
• Positive Sentiment: Research/upside from brokers — Needham reiterated a Buy and set a $25 PT (lower from $33) supporting a bullish case for patient investors. Article Title
• Neutral Sentiment: New product push — SoFi launched “Big Business Banking” to integrate fiat and crypto for enterprise clients; strategically positive longer-term but unlikely to move near?term estimates. Article Title
• Neutral Sentiment: Management commentary — CEO told Jim Cramer they held guidance because they don’t expect rate cuts this year; explains conservative outlook but signals steadiness. Article Title
• Neutral Sentiment: Options and investor flows — Unusually large call buying was reported after earnings, showing speculative/hedged bullish interest even amid the sell?off.
• Negative Sentiment: Chime exit hit Technology Platform revenue — The transition of a large client in-house drove a ~27% YoY decline in Technology Platform revenue, raising near?term top?line pressure for that segment. Article Title
• Negative Sentiment: Unchanged FY guidance sparked the sell-off — Despite record Q1, management kept 2026 guidance flat citing rates/visibility, which disappointed investors who expected upside. Article Title
• Negative Sentiment: Legal/short?report overhang — A securities?fraud investigation notice and earlier short?seller allegations keep headline risk elevated and may weigh on sentiment until resolved. Article Title
• Negative Sentiment: Analyst downgrades/target trims — TD Cowen cut its PT to $18 and moved to Hold, reflecting the debate over “sell-on-beat” dynamics and limited near-term upside. Article Title

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of SoFi Technologies in a report on Thursday. Argus began coverage on SoFi Technologies in a research note on Wednesday, April 15th. They set a “hold” rating on the stock. Citizens Jmp upgraded SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, February 9th. Wells Fargo & Company lowered their price objective on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Finally, TD Cowen dropped their target price on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, SoFi Technologies presently has an average rating of “Hold” and an average target price of $23.61.

SoFi Technologies Price Performance

The firm has a market capitalization of $20.95 billion, a PE ratio of 37.34 and a beta of 2.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The stock has a fifty day moving average price of $17.59 and a 200-day moving average price of $23.38.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business posted $0.06 EPS. The firm’s quarterly revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other news, CEO Anthony Noto purchased 28,900 shares of the stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average cost of $17.32 per share, for a total transaction of $500,548.00. Following the acquisition, the chief executive officer owned 11,704,352 shares of the company’s stock, valued at approximately $202,719,376.64. This represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Robert S. Lavet acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of $21.04 per share, for a total transaction of $105,200.00. Following the transaction, the general counsel owned 17,172 shares in the company, valued at approximately $361,298.88. The trade was a 41.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 38,900 shares of company stock valued at $705,398 and sold 218,422 shares valued at $4,105,468. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Large investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of SoFi Technologies in the 4th quarter worth $321,515,000. Vanguard Group Inc. increased its position in SoFi Technologies by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after buying an additional 6,814,727 shares in the last quarter. State Street Corp increased its position in SoFi Technologies by 30.7% during the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after buying an additional 5,708,053 shares in the last quarter. Marshall Wace LLP raised its stake in SoFi Technologies by 372.9% in the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock valued at $174,116,000 after buying an additional 5,244,291 shares during the last quarter. Finally, Morgan Stanley raised its stake in SoFi Technologies by 33.6% in the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after buying an additional 3,350,258 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

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.