SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report)’s share price dropped 1.6% on Monday . The company traded as low as $16.97 and last traded at $17.01. 80,508,499 shares changed hands during trading, an increase of 16% from the average daily volume of 69,266,320 shares. The stock had previously closed at $17.28.
Key Headlines Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: Wall Street expects SoFi to post earnings growth in its upcoming report, and Zacks says the company has the right setup for a potential earnings beat. Article: SoFi Technologies, Inc. (SOFI) Reports Next Week: Wall Street Expects Earnings Growth
- Positive Sentiment: SoFi remains heavily watched by traders, which can add momentum ahead of a catalyst like earnings. Article: Here is What to Know Beyond Why SoFi Technologies, Inc. (SOFI) is a Trending Stock
- Neutral Sentiment: Investors are also focused on one key operating metric that could determine whether SOFI rallies or sells off after Q2 results, underscoring how much is riding on the company’s growth trajectory. Article: 1 Metric That Could Determine Whether SoFi Stock Rallies or Sinks After Q2 Earnings
- Negative Sentiment: Bearish commentary from Muddy Waters is still hanging over the stock, with the short seller arguing that SoFi’s accounting practices remain a concern and calling it a compelling short idea. Article: SoFi Stock’s Brutal Year Isn’t Changing Muddy Waters’ Mind: Why Short Seller Is Doubling Down On Its Bearish Bet
- Negative Sentiment: A comparison piece argued that Dave looks like the better fintech buy in 2026, citing stronger focus, repayment performance, and funding support than SoFi. Article: SoFi vs. Dave: Which Fintech Stock Looks Like the Better Buy in 2026?
Wall Street Analysts Forecast Growth
SOFI has been the subject of a number of research analyst reports. Morgan Stanley set a $16.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Mizuho set a $29.00 price objective on SoFi Technologies in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods dropped their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 price target on shares of SoFi Technologies in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.78.
SoFi Technologies Trading Down 3.2%
The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The stock has a market cap of $21.91 billion, a P/E ratio of 38.83 and a beta of 2.14. The firm’s 50-day simple moving average is $17.15 and its 200 day simple moving average is $18.98.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The company’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.
Insiders Place Their Bets
In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the sale, the chief technology officer directly owned 895,089 shares in the company, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, CEO Anthony Noto bought 15,545 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $16.00 per share, with a total value of $248,720.00. Following the completion of the purchase, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 124,302 shares of company stock worth $2,182,523. 2.50% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On SoFi Technologies
Several hedge funds have recently made changes to their positions in the company. Annex Advisory Services LLC acquired a new stake in SoFi Technologies during the 2nd quarter valued at $1,963,000. Fiduciary Financial Group LLC acquired a new position in SoFi Technologies during the second quarter valued at $315,000. Handelsbanken Fonder AB lifted its stake in SoFi Technologies by 6.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 401,900 shares of the company’s stock worth $7,206,000 after acquiring an additional 24,700 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in SoFi Technologies by 17.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 27,011 shares of the company’s stock worth $484,000 after acquiring an additional 4,007 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in SoFi Technologies by 6.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 36,716 shares of the company’s stock valued at $658,000 after acquiring an additional 2,240 shares in the last quarter. Hedge funds and other institutional investors 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.
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