SoFi Technologies (NASDAQ:SOFI) Shares Down 2.3% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price traded down 2.3% on Tuesday. The stock traded as low as $15.91 and last traded at $16.37. Approximately 49,071,244 shares traded hands during trading, a decline of 23% from the average session volume of 63,590,758 shares. The stock had previously closed at $16.75.

SoFi Technologies News Summary

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

• Positive Sentiment: SoFi’s CEO called the third quarter “exceptional,” and the company’s 2027 guidance of $0.90 per share gives investors a growth target to assess. Article: SoFi CEO Calls Q3 “Exceptional” as 2027 Guide Lands at $0.90 a Share
• Positive Sentiment: A recent earnings-focused article says SoFi’s results helped drive a sharp stock jump, reinforcing investor enthusiasm around its performance. Article: SoFi’s Earnings Shine While PayPal & Boeing’s Earnings Look “Meh”
• Neutral Sentiment: One analysis says SoFi may need 13% member growth to surpass 20 million users in 2027. That would support expansion if achieved, though it remains a growth benchmark rather than a reported result. Article: SoFi Technologies Needs Just 13% Member Growth To Cross 20 Million Users In 2027
• Negative Sentiment: A hot inflation report pressured fintech lenders, with SoFi among the stocks falling as investors reassessed the sector’s sensitivity to interest rates. Article: Hot Inflation Report Hits Fintech Lenders
• Negative Sentiment: An analysis of the $0.90 EPS outlook highlights capital efficiency as an important test for SoFi, suggesting investors will look beyond earnings growth to how efficiently the company delivers it. Article: The $0.90 EPS Guide Hides A Capital-Efficiency Test

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 price target on shares of SoFi Technologies in a research note on Wednesday, October 28th. Scotiabank reissued a “sector outperform” rating and set a $26.00 price objective (up from $25.00) on shares of SoFi Technologies in a research report on Wednesday, October 28th. Wells Fargo & Company restated a “negative” rating on shares of SoFi Technologies in a research note on Wednesday, October 28th. Morgan Stanley decreased their target price on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, July 30th. Finally, The Goldman Sachs Group set a $15.00 target price on shares of SoFi Technologies in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and a consensus target price of $21.27.

SoFi Technologies Stock Down 2.3%

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 firm has a market cap of $21.14 billion, a P/E ratio of 29.76, a PEG ratio of 1.08 and a beta of 2.25. The company’s 50 day simple moving average is $16.33 and its 200-day simple moving average is $17.60.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.89%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted $0.11 EPS. The business’s quarterly revenue was up 44.4% compared to the same quarter last year. Research analysts forecast that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 10,203 shares of SoFi Technologies stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $14.72, for a total value of $150,188.16. Following the completion of the sale, the executive vice president owned 397,870 shares of the company’s stock, valued at $5,856,646.40. The trade was a 2.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 SoFi Technologies stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 50,316 shares of company stock valued at $852,605. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of SoFi Technologies in the second quarter worth approximately $1,298,925,000. Bank of America Corp DE purchased a new stake in SoFi Technologies during the second quarter valued at approximately $163,808,000. Dimensional Fund Advisors LP raised its position 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 worth $144,539,000 after acquiring an additional 359,785 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in SoFi Technologies in the second quarter worth approximately $93,937,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of SoFi Technologies by 4.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,925,068 shares of the company’s stock worth $88,306,000 after acquiring an additional 198,336 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Company Profile

SoFi Technologies, Inc. is a U.S.-based digital financial services company that offers consumer lending, banking and investment products through its online platform. Its services include personal, student and home loans, deposit accounts, credit cards and investment offerings. Founded in 2011 as Social Finance, the company initially focused on student loan refinancing before expanding into a broader range of financial services. SoFi also provides financial technology infrastructure through businesses including Galileo, which supports payment processing and other services for financial institutions and fintech companies.