SoFi Technologies (NASDAQ:SOFI) Shares Down 1.3% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price dropped 1.3% during trading on Friday. The stock traded as low as $16.55 and last traded at $16.58. 31,160,342 shares were traded during trading, a decline of 52% from the average session volume of 65,444,504 shares. The stock had previously closed at $16.80.

Key SoFi Technologies News

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

• Positive Sentiment: Several recent commentaries describe SOFI as a potentially attractive buy after its year-to-date decline. The bullish case points to strong revenue growth, expanding margins, record loan originations, improving credit performance and continued growth across banking, investing and technology services. Investors may also look ahead to the company’s October 27 earnings report for confirmation of that momentum. Why SoFi Stock Is a Good Buy Now
• Positive Sentiment: SoFi’s SoFiUSD stablecoin is being used to settle its debit- and credit-card transactions on Mastercard’s network, covering more than $25 billion in annualized card volume. The initiative could eventually support fee-based revenue, cross-border payments and remittances while broadening SoFi beyond traditional lending. SoFi Bets $25 Billion on Stablecoins
• Neutral Sentiment: Analyst opinion is mixed but leans constructive: nine analysts rate SOFI a Buy, eleven rate it Hold and three rate it Sell. Price targets range from $15 to $25, leaving investors focused on whether upcoming results justify the company’s current growth-based valuation. Should You Buy SoFi Stock Before October 27?
• Neutral Sentiment: Reports on short interest are inconsistent: one article describes elevated short interest, while another lists zero shares short and a zero-day short-interest ratio. Investors should treat the data cautiously until confirmed by an authoritative exchange or regulatory source. High Short Interest Stocks
• Negative Sentiment: SOFI has been caught in a broader selloff in consumer-lending stocks, reflecting concerns about credit risk and sensitivity to economic conditions even as reported delinquencies and charge-offs improve. Consumer Lending Stocks Slide
• Negative Sentiment: The stablecoin opportunity has not yet demonstrated a material earnings contribution, and skepticism about broad cryptocurrency adoption may limit the market’s immediate response. Two executives also sold shares under pre-arranged Rule 10b5-1 plans, creating a modest sentiment overhang but not necessarily signaling deteriorating business conditions.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, July 30th. Piper Sandler assumed coverage on shares of SoFi Technologies in a research report on Monday, August 17th. They issued an “overweight” rating and a $22.00 target price for the company. Scotiabank started coverage on shares of SoFi Technologies in a research note on Wednesday, September 2nd. They issued a “sector outperform” rating and a $25.00 price target on the stock. Truist Financial increased their price objective on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Finally, Needham & Company LLC cut their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Nine investment 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. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average price target of $22.52.

SoFi Technologies Trading Down 1.3%

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 stock has a market cap of $21.41 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 1.41 and a beta of 2.20. The company has a fifty day simple moving average of $17.62 and a 200-day simple moving average of $17.30.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.21 billion for 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 company’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, research analysts forecast that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Kelli Keough sold 11,286 shares of the company’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 transaction, the executive vice president owned 356,442 shares in the company, valued at $6,415,956. This represents a 3.07% decrease in their position. 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, 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 sale, the chief technology officer owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. This represents a 2.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 51,067 shares of company stock worth $890,716. Company insiders own 2.50% of the company’s stock.

Institutional Trading of SoFi Technologies

A number of institutional investors have recently bought and sold shares of SOFI. BlackRock Inc. acquired a new position in SoFi Technologies during the 2nd quarter valued at $1,298,925,000. Alberta Investment Management Corp bought a new stake in shares of SoFi Technologies in the fourth quarter valued at about $13,299,000. Allstate Corp grew its position in SoFi Technologies by 117.3% during the fourth quarter. Allstate Corp now owns 89,452 shares of the company’s stock worth $2,342,000 after buying an additional 48,283 shares in the last quarter. Bank of America Corp DE bought a new position in SoFi Technologies during the second quarter valued at about $163,808,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of SoFi Technologies by 11.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 375,700 shares of the company’s stock worth $9,836,000 after acquiring an additional 40,000 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.