SoFi Technologies (NASDAQ:SOFI) Shares Down 1.4% – Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price was down 1.4% during mid-day trading on Monday . The company traded as low as $17.99 and last traded at $18.12. Approximately 37,141,880 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 70,090,602 shares. The stock had previously closed at $18.38.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup cut their price objective on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Needham & Company LLC reduced their price target on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Mizuho decreased their price objective on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Argus began coverage on shares of SoFi Technologies in a research note on Wednesday, April 15th. They issued a “hold” rating for the company. Finally, UBS Group cut their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, SoFi Technologies has an average rating of “Hold” and an average target price of $22.44.

SoFi Technologies Stock Performance

The company has a market cap of $23.03 billion, a price-to-earnings ratio of 37.40 and a beta of 2.17. The stock has a 50 day simple moving average of $17.45 and a 200 day simple moving average of $17.97. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.39%. SoFi Technologies’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same quarter last year, the company earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $17.19, for a total transaction of $188,299.26. Following the completion of the transaction, the executive vice president directly owned 367,728 shares of the company’s stock, valued at $6,321,244.32. This trade represents a 2.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the transaction, the chief technology officer owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This trade represents a 10.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 135,256 shares of company stock valued at $2,370,822 in the last three months. 2.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds have recently added to or reduced their stakes in SOFI. First Horizon Corp boosted its stake in shares of SoFi Technologies by 14.9% in the 4th quarter. First Horizon Corp now owns 3,116 shares of the company’s stock valued at $82,000 after purchasing an additional 405 shares in the last quarter. Wealthspan Partners LLC grew its stake in shares of SoFi Technologies by 2.4% during the fourth quarter. Wealthspan Partners LLC now owns 18,901 shares of the company’s stock valued at $495,000 after purchasing an additional 450 shares during the last quarter. Trivium Point Advisory LLC increased its stake in shares of SoFi Technologies by 3.6% in the 4th quarter. Trivium Point Advisory LLC now owns 14,245 shares of the company’s stock valued at $373,000 after buying an additional 500 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in SoFi Technologies by 21.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,880 shares of the company’s stock worth $75,000 after purchasing an additional 503 shares during the period. Finally, Bensler LLC raised its stake in shares of SoFi Technologies by 3.6% during the fourth quarter. Bensler LLC now owns 17,450 shares of the company’s stock worth $457,000 after buying an additional 600 shares during 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.