SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1.2% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price traded down 1.2% during trading on Tuesday . The company traded as low as $17.89 and last traded at $18.01. 30,120,593 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 66,803,656 shares. The stock had previously closed at $18.22.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFi’s record loan originations, fifth consecutive earnings beat and continued profitability support the bullish case. Supporters point to strong adoption across its vertically integrated financial-services platform, cross-selling, SoFi Plus subscriptions, tangible book value per share of $7.34—up 56% year over year—and consecutive “Rule of 40” performance. SoFi Stock Is Down More Than 40%. Here’s Why I’m Not Selling SoFi Technologies Firing On All Cylinders
• Positive Sentiment: Some commentary views the pullback as disconnected from SoFi’s growth prospects. A three-year PEG ratio cited near 0.76 suggests the shares may be undervalued relative to expected growth, with a long-term price target of $31.90. Discounted Profitable Growth Prospects
• Neutral Sentiment: Comparisons with Nu Holdings highlight differing digital-banking strategies, with SoFi emphasizing U.S. scale, product cross-selling and diversification while competitors focus more heavily on international growth and artificial intelligence. The comparison does not establish a clear near-term catalyst for SOFI. SoFi vs. Nu
• Negative Sentiment: Loop Capital initiated coverage with a Hold rating and a $22 price target. The firm cited interest-rate risk and a shift toward more asset-intensive lending as factors likely to weigh on sentiment and limit near-term upside. Why SoFi Stock Is Down Today
• Negative Sentiment: Chime’s planned $590 million acquisition of Stride Bank reinforces competitive pressure in digital banking. Like SoFi’s earlier bank-charter strategy, the deal could help Chime reduce partner-bank costs, improve funding economics and expand lending margins once approved. Chime Finds Its Stride

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Scotiabank began coverage on SoFi Technologies in a report on Wednesday, September 2nd. They issued a “sector outperform” rating and a $25.00 price objective for the company. The Goldman Sachs Group upped their target price on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Loop Capital assumed coverage on shares of SoFi Technologies in a research report on Tuesday. They set a “hold” rating and a $22.00 target price for the company. Finally, Mizuho cut their price target on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average target price of $22.52.

SoFi Technologies Stock Performance

The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The business’s 50-day simple moving average is $17.87 and its two-hundred day simple moving average is $17.43. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 35.85, a P/E/G ratio of 1.48 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The business’s revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the transaction, the executive vice president directly owned 356,442 shares in the company, valued at approximately $6,415,956. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 the business’s stock in a transaction that occurred on 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 transaction, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 have sold 136,505 shares of company stock valued at $2,418,096 in the last three months. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in SoFi Technologies in the second quarter valued at approximately $1,298,925,000. California State Teachers Retirement System grew its position in SoFi Technologies by 1,603.2% in the 2nd quarter. California State Teachers Retirement System now owns 31,201,069 shares of the company’s stock valued at $559,435,000 after acquiring an additional 29,369,164 shares in the last quarter. Norges Bank acquired a new position in shares of SoFi Technologies in the fourth quarter valued at approximately $321,515,000. Bank of America Corp DE acquired a new position in shares of SoFi Technologies in the second quarter worth $163,808,000. Finally, State Street Corp increased its holdings in SoFi Technologies by 30.7% during the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after purchasing an additional 5,708,053 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.