SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.5% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI) was down 1.5% during mid-day trading on Tuesday . The company traded as low as $16.48 and last traded at $17.37. Approximately 159,098,430 shares were traded during mid-day trading, an increase of 147% from the average daily volume of 64,372,879 shares. The stock had previously closed at $17.63.

Analyst Ratings Changes

SOFI has been the subject of several analyst reports. UBS Group set a $24.50 target price on SoFi Technologies in a report on Monday, February 2nd. Needham & Company LLC cut their price objective on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a report on Thursday, January 22nd. Finally, Barclays lifted their target price on shares of SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.34.

SoFi Technologies Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18. The stock has a 50-day moving average price of $21.87 and a 200-day moving average price of $25.60. The company has a market capitalization of $22.15 billion, a price-to-earnings ratio of 45.71 and a beta of 2.21.

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

Insider Buying and Selling

In related news, Director Steven J. Freiberg sold 94,225 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $20.31, for a total value of $1,913,709.75. Following the transaction, the director owned 588,849 shares in the company, valued at approximately $11,959,523.19. This represents a 13.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Noto purchased 28,900 shares of the stock in a transaction on Tuesday, March 17th. The stock was bought at an average cost of $17.32 per share, for a total transaction of $500,548.00. Following the completion of the acquisition, the chief executive officer owned 11,704,352 shares in the company, valued at approximately $202,719,376.64. This trade represents a 0.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 38,900 shares of company stock valued at $705,398 and sold 214,753 shares valued at $5,045,087. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of 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. Quantbot Technologies LP acquired a new stake in SoFi Technologies in the 2nd quarter worth about $25,699,000. Marex Group plc bought a new stake in SoFi Technologies in the 2nd quarter valued at about $11,179,000. Firsthand Capital Management Inc. grew its position in shares of SoFi Technologies by 60.0% during the 3rd quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock worth $2,114,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in shares of SoFi Technologies by 212.2% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company’s stock worth $1,060,000 after purchasing an additional 27,283 shares in the last quarter. 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.