SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.7% – Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) traded down 1.7% on Wednesday . The stock traded as low as $25.92 and last traded at $26.67. 40,562,993 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 57,650,566 shares. The stock had previously closed at $27.14.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SOFI shares. Barclays upped their price objective on SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Citigroup raised their price target on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley boosted their price objective on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Finally, The Goldman Sachs Group reduced their target price on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, SoFi Technologies presently has an average rating of “Hold” and a consensus price target of $25.50.

SoFi Technologies Stock Performance

The firm’s fifty day moving average price is $27.63 and its 200 day moving average price is $25.82. The firm has a market cap of $32.16 billion, a P/E ratio of 49.39, a price-to-earnings-growth ratio of 1.68 and a beta of 1.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. SoFi Technologies’s revenue was up 37.7% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 91,837 shares of SoFi Technologies stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total value of $2,446,537.68. Following the transaction, the chief technology officer owned 794,598 shares in the company, valued at $21,168,090.72. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arun Pinto sold 46,132 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the sale, the insider directly owned 138,396 shares of the company’s stock, valued at approximately $3,426,684.96. The trade was a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 167,813 shares of company stock valued at $4,403,334. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after acquiring an additional 6,814,727 shares in the last quarter. State Street Corp lifted its holdings in shares of 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 purchasing an additional 5,708,053 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of SoFi Technologies by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,792,807 shares of the company’s stock worth $258,821,000 after purchasing an additional 67,504 shares in the last quarter. Norges Bank purchased a new position in SoFi Technologies during the 2nd quarter worth $164,068,000. Finally, Marshall Wace LLP increased its position in SoFi Technologies by 88.2% during the 2nd quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock valued at $145,628,000 after buying an additional 3,748,817 shares in the last quarter. 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.