SoFi Technologies (NASDAQ:SOFI) Stock Price Down 2.7% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price traded down 2.7% on Tuesday . The company traded as low as $18.04 and last traded at $18.29. 61,654,589 shares traded hands during trading, a decline of 2% from the average session volume of 62,798,418 shares. The stock had previously closed at $18.79.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SOFI shares. JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 3rd. Needham & Company LLC decreased their price target on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. UBS Group set a $24.50 target price on SoFi Technologies in a report on Monday, February 2nd. Barclays increased their price target on SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Monday, February 9th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.34.

SoFi Technologies Price Performance

The firm has a market cap of $23.32 billion, a price-to-earnings ratio of 48.13 and a beta of 2.21. The stock’s fifty day moving average price is $22.79 and its 200-day moving average price is $25.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Friday, January 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The business’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Equities research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Jeremy Rishel sold 91,837 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the completion of the sale, the chief technology officer owned 794,598 shares in the company, valued at $21,168,090.72. This trade represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Eric Schuppenhauer acquired 5,000 shares of SoFi Technologies stock in a transaction on Thursday, February 5th. The stock was acquired at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the purchase, the executive vice president owned 228,768 shares of the company’s stock, valued at approximately $4,559,346.24. This represents a 2.23% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 214,753 shares of company stock valued at $5,045,087 in the last quarter. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SOFI. Valley Wealth Managers Inc. acquired a new position in shares of SoFi Technologies in the 4th quarter valued at approximately $25,000. Blue Trust Inc. increased its stake in SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after buying an additional 878 shares during the last quarter. Vermillion Wealth Management Inc. raised its holdings in SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 739 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of SoFi Technologies in the 4th quarter valued at approximately $28,000. Finally, Reflection Asset Management bought a new stake in shares of SoFi Technologies in the 4th quarter valued at about $28,000. Institutional investors and hedge funds 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.