SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $14.88 and last traded at $15.25, with a volume of 192527484 shares trading hands. The stock had previously closed at $16.74.
Key SoFi Technologies News
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: Strong second-quarter performance. SoFi reported adjusted earnings of $0.12 per share versus the $0.11 consensus estimate, while revenue rose 42.5% year over year to $1.21 billion, ahead of the $1.11 billion forecast. SoFi Technologies earnings report
- Positive Sentiment: Record operating growth and higher revenue outlook. Membership increased 35% to 15.8 million, and quarterly loan originations reached a record $14.8 billion. SoFi raised its 2026 revenue guidance to $4.8 billion-$4.9 billion, above the roughly $4.7 billion analyst estimate. Existing members generated 51% of new products, supporting the company’s cross-selling strategy. Reuters SoFi revenue forecast
- Positive Sentiment: Long-term investment remains a potential growth driver. Management highlighted artificial intelligence investments intended to improve engineering productivity, customer service and financial-product engagement. An analyst also upgraded SoFi to Strong Buy following the valuation correction and robust results. SoFi Technologies investment analysis
- Neutral Sentiment: Profit guidance was maintained. Full-year 2026 EPS guidance remains $0.60, only modestly above the $0.59 consensus. Investors may have wanted a larger earnings increase to accompany the stronger revenue outlook.
- Negative Sentiment: Investors are concerned about profitability and execution. SoFi is continuing to spend heavily on growth and AI, potentially limiting near-term margins. The earnings beat therefore failed to offset worries about the cost of expansion, valuation and the company’s ability to convert rapid revenue growth into stronger profits. Why SoFi stock is falling
- Negative Sentiment: Interest-rate uncertainty adds pressure. SoFi’s lending business remains sensitive to borrowing costs, funding conditions and credit performance. Investors are weighing stable credit quality against uncertainty over the U.S. rate path and future loan growth.
Wall Street Analysts Forecast Growth
SOFI has been the subject of several research analyst reports. Citigroup dropped their price target on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Keefe, Bruyette & Woods cut their target price on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a research report on Thursday, April 9th. TD Cowen reduced their target price on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Needham & Company LLC lowered their price target on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, UBS Group dropped their price target on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.83.
SoFi Technologies Price Performance
The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The stock has a market cap of $19.56 billion, a price-to-earnings ratio of 34.66 and a beta of 2.14. The business’s fifty day simple moving average is $17.26 and its 200 day simple moving average is $18.52.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $0.08 EPS. SoFi Technologies’s quarterly revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Research analysts predict that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.
Insider Activity
In other news, CTO Jeremy Rishel sold 102,123 shares of the company’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 transaction of $1,815,746.94. Following the completion of the transaction, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, EVP Kelli Keough sold 10,954 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $17.19, for a total value of $188,299.26. Following the transaction, the executive vice president owned 367,728 shares of the company’s stock, valued at approximately $6,321,244.32. The trade was a 2.89% 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. In the last three months, insiders sold 135,256 shares of company stock valued at $2,370,822. Company insiders own 2.50% of the company’s stock.
Institutional Trading of SoFi Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of SoFi Technologies by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after purchasing an additional 3,900,895 shares during the last quarter. North Dakota State Investment Board purchased a new stake in shares of SoFi Technologies during the fourth quarter valued at $1,044,000. Brighton Jones LLC boosted its position in shares of SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after purchasing an additional 14,281 shares during the period. Friedenthal Financial purchased a new position in SoFi Technologies in the 4th quarter worth about $926,000. Finally, Alberta Investment Management Corp purchased a new position in SoFi Technologies in the 4th quarter worth about $13,299,000. 38.43% of the stock is currently owned by institutional investors.
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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