SoFi Technologies (NASDAQ:SOFI) Stock Falls 3.6% – Here’s Why

SoFi Technologies, Inc. (NASDAQ:SOFI) dropped 3.6% on Monday. The company traded as low as $15.19 and last traded at $15.23. Approximately 40,095,220 shares traded hands during trading, a decline of 37% from the average daily volume of 64,136,836 shares. The stock had previously closed at $15.80.

More SoFi Technologies News

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

• Positive Sentiment: Analyst support: StoneX initiated coverage with a Buy rating, arguing that SoFi’s valuation is attractive after its 2026 selloff and that improving operating performance could support a recovery. StoneX reportedly sees roughly 64% upside. StoneX initiates coverage of SoFi Technologies at buy
• Positive Sentiment: Additional bullish rating: Benchmark upgraded SoFi to “strong-buy,” reinforcing the view that the recent decline may have created an attractive entry point for long-term investors. SoFi Technologies upgraded by Benchmark
• Positive Sentiment: Growth outlook remains a support: Recent coverage highlighted strong second-quarter results, including $1.21 billion of revenue, substantial year-over-year growth, record member and product additions, and raised 2026 revenue guidance of $4.75 billion to $4.85 billion. SoFi is also expanding crypto-linked card offerings in Mexico with Orbi and Mastercard. SoFi: Major Long-Term Growth Investments Make For Opportunity Today
• Neutral Sentiment: Heavy investor attention: SoFi was among the most-searched stocks on Zacks, which may increase near-term trading activity but does not itself change the company’s fundamentals. Investors heavily search SoFi Technologies
• Neutral Sentiment: SoFi announced a monthly distribution for its SoFi Enhanced Yield ETF (THTA), a product-related update with limited direct impact on SOFI shares. SoFi announces monthly distributions on THTA
• Negative Sentiment: Interest-rate pressure is driving the decline: Rising long-term Treasury yields are tightening spreads and increasing financing concerns for fintech lenders, overwhelming the benefit of StoneX’s bullish initiation. Peer fintech stocks also weakened, suggesting broader sector pressure rather than a SoFi-specific event. SoFi falls as rising yields hit fintech stocks
• Negative Sentiment: Technical weakness: SoFi has fallen sharply during 2026 and is trading near its 52-week low, indicating continued investor caution despite the company’s growth profile and recent bullish ratings. SoFi Technologies stock reaches 52-week low

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Truist Financial raised their target price on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Needham & Company LLC reduced their price target on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Morgan Stanley lowered their price target on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group set a $15.00 price objective on shares of SoFi Technologies in a report on Tuesday. Finally, Loop Capital assumed coverage on shares of SoFi Technologies in a report on Tuesday, September 8th. They issued a “hold” rating and a $22.00 price objective for the company. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.20.

SoFi Technologies Trading Down 6.7%

The stock has a market cap of $18.37 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.27 and a beta of 2.33. The company’s 50-day moving average price is $17.31 and its 200 day moving average price is $17.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74.

SoFi Technologies (NASDAQ:SOFI) last issued 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 company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%. The firm’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.60 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

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

Institutional Investors Weigh In On SoFi Technologies

A number of institutional investors have recently made changes to their positions in SOFI. Reflection Asset Management purchased a new position in SoFi Technologies in the fourth quarter valued at $28,000. SHP Wealth Management acquired a new stake in SoFi Technologies in the fourth quarter valued at $36,000. Compass Financial Management LLC purchased a new stake in SoFi Technologies during the 2nd quarter worth about $34,000. Cornerstone Planning Group LLC lifted its holdings in SoFi Technologies by 232.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock worth $34,000 after buying an additional 1,467 shares during the last quarter. Finally, Markowski Investments purchased a new stake in SoFi Technologies during the 2nd quarter worth about $38,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.