SoFi Technologies (NASDAQ:SOFI) Shares Down 8% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI) shares fell 8% during mid-day trading on Tuesday . The stock traded as low as $26.03 and last traded at $26.9370. 118,737,127 shares changed hands during trading, an increase of 44% from the average session volume of 82,501,156 shares. The stock had previously closed at $29.28.

More SoFi Technologies News

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

• Positive Sentiment: Analysis noting clear fundamental improvements — financial services and lending are outpacing the technology platform, with strong revenue growth that supports SoFi’s transition toward a bank-like franchise. This underpins a longer-term growth narrative for shareholders. Read More.
• Positive Sentiment: Technical/market commentary expects a potential rally into the mid-$30s range ($34.95–$38.49), which could attract trading interest and momentum buyers if sentiment turns. Read More.
• Positive Sentiment: Feature pieces arguing SoFi has “won” or is misunderstood by the market highlight improving outcomes and may support renewed investor interest if evidence of durable margin and deposit trends continues. Read More.
• Neutral Sentiment: Market roundups and valuation checks discuss choppy trading and strong one‑year returns, useful for investors re-evaluating multiples but not immediately directional. Read More.
• Neutral Sentiment: General investor-interest pieces review the stock’s big move higher and ask whether it’s a buy now — attention-grabbing but mixed on timing. Read More.
• Negative Sentiment: Bank of America initiated coverage with an “underperform” rating and a $20.50 price target (roughly mid‑20% below recent levels), a high‑profile downgrade that likely contributed to intraday selling pressure. (Coverage published 1/6/2026.)
• Negative Sentiment: SoFi completed an expanded common stock offering (completed Dec. 8, 2025) to bolster capital — lowers near‑term EPS via dilution and can weigh on sentiment until proceeds are visibly deployed into growth or margin improvement. Read More.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their target price on SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. Needham & Company LLC lifted their price target on SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price objective on shares of SoFi Technologies in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and a consensus target price of $25.50.

SoFi Technologies Stock Performance

The firm’s fifty day simple moving average is $28.00 and its 200 day simple moving average is $25.35. The company has a market capitalization of $32.48 billion, a PE ratio of 49.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16.

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 business had revenue of $949.63 million during the quarter, compared to analysts’ expectations of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The company’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 10,340 shares of SoFi Technologies stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $26.43, for a total value of $273,286.20. Following the completion of the transaction, the executive vice president owned 265,034 shares of the company’s stock, valued at approximately $7,004,848.62. The trade was a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Arun Pinto sold 46,132 shares of the stock in a transaction dated Friday, November 21st. The stock was 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 in the company, valued at approximately $3,426,684.96. The trade was a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 167,813 shares of company stock valued at $4,403,334 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of SoFi Technologies

Institutional investors have recently modified their holdings of the stock. Xcel Wealth Management LLC boosted its holdings in SoFi Technologies by 0.6% in the 3rd quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock valued at $1,874,000 after purchasing an additional 392 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its position in shares of SoFi Technologies by 3.1% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock valued at $373,000 after buying an additional 419 shares during the period. Assetmark Inc. raised its position in shares of SoFi Technologies by 50.5% during the 3rd quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock valued at $34,000 after buying an additional 427 shares during the period. Cigna Investments Inc. New lifted its holdings in SoFi Technologies by 4.2% in the third quarter. Cigna Investments Inc. New now owns 11,024 shares of the company’s stock valued at $291,000 after acquiring an additional 446 shares during the last quarter. Finally, Blume Capital Management Inc. grew its position in SoFi Technologies by 52.9% in the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock worth $34,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

About SoFi Technologies

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.