SoFi Technologies (NASDAQ:SOFI) Shares Down 3.5% – What’s Next?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) traded down 3.5% on Monday . The company traded as low as $18.05 and last traded at $18.13. 97,279,891 shares traded hands during mid-day trading, an increase of 41% from the average daily volume of 68,779,117 shares. The stock had previously closed at $18.78.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SOFI shares. Needham & Company LLC lowered their target price on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Keefe, Bruyette & Woods reduced their price target on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings lowered shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. UBS Group lowered their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $16.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.78.

SoFi Technologies Stock Up 2.3%

The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $17.01 and a 200-day moving average price of $19.31. The firm has a market cap of $23.79 billion, a P/E ratio of 42.16 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 10,954 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total value of $190,051.90. Following the completion of the sale, the executive vice president owned 378,682 shares of the company’s stock, valued at approximately $6,570,132.70. This represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto acquired 15,545 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the purchase, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. This represents a 0.13% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 134,044 shares of company stock valued at $2,370,056. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in SoFi Technologies by 161.6% during the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock worth $23,625,000 after acquiring an additional 557,390 shares during the last quarter. Vanguard Group Inc. grew its stake in SoFi Technologies by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after acquiring an additional 3,900,895 shares in the last quarter. North Dakota State Investment Board acquired a new stake in SoFi Technologies in the 4th quarter valued at about $1,044,000. Brighton Jones LLC raised its holdings in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after acquiring an additional 14,281 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in SoFi Technologies in the 4th quarter worth approximately $926,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Company Profile

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.