SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) shares dropped 2.7% during trading on Thursday . The company traded as low as $17.72 and last traded at $17.92. 44,246,340 shares changed hands during trading, a decline of 36% from the average session volume of 68,847,391 shares. The stock had previously closed at $18.42.
More SoFi Technologies News
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: SoFi was highlighted as participating in a broader fintech rebound, with bond-market moves supporting renewed interest in lending and financial-technology stocks. SoFi Climbs 6%, Upstart Jumps 8%, Affirm Rises 7% as Fintech Names Rebound With Bond Market Catalyst
- Positive Sentiment: Piper Sandler assigned SoFi an Overweight rating, adding to bullish analyst coverage and potentially supporting the stock’s recovery prospects. SoFi Earns Overweight Rating from Piper Sandler
- Positive Sentiment: Reports emphasized record loan originations of approximately $14.8 billion, suggesting continued growth in SoFi’s lending business. Its diversified revenue base, profitability and deposit funding were also viewed favorably versus Upstart. SoFi Technologies Loan Boom
- Positive Sentiment: Proposed U.S. legislation establishing clearer digital-asset rules lifted cryptocurrency and blockchain-related stocks, offering a possible sentiment boost to SoFi’s broader fintech and digital-asset exposure. Bitcoin and Crypto Shares Climb After Trump Pushes Clarity Act
- Neutral Sentiment: Although analysts have cited substantial upside following SoFi’s strong second-quarter results, investors still need evidence that rapid originations can be maintained without weakening credit quality or increasing funding costs. Analysts Project Nearly 70% Upside Following Strong Q2
- Negative Sentiment: Valuation remains a headwind: some analyses say SOFI trades at a premium to estimated fair value, while commentators warn that fintech stocks may be priced for near-perfect execution. That concern may be prompting profit-taking after recent rallies. SoFi Stock Looks Rich on Fair Value Yet Strong on Returns
Analyst Upgrades and Downgrades
SOFI has been the subject of several recent research reports. Morgan Stanley decreased their price target on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, July 30th. Truist Financial lifted their price objective on shares of SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Wells Fargo & Company lowered their target price on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. UBS Group cut their price target 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. Finally, Needham & Company LLC reduced their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and a consensus price target of $22.42.
SoFi Technologies Price Performance
The firm has a 50 day moving average price of $17.66 and a two-hundred day moving average price of $17.67. The company has a market cap of $23.14 billion, a P/E ratio of 37.33 and a beta of 2.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.21 billion for 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 firm’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.
Insider Activity at SoFi Technologies
In related news, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction that occurred on 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 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 trade represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction that occurred 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 owned 367,728 shares of the company’s stock, valued at $6,321,244.32. This represents a 2.89% 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. In the last three months, insiders sold 125,219 shares of company stock worth $2,214,948. Insiders own 2.50% of the company’s stock.
Hedge Funds Weigh In On SoFi Technologies
A number of large investors have recently made changes to their positions in SOFI. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies during the 4th quarter valued at $25,000. Vermillion Wealth Management Inc. boosted its stake in SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 739 shares during the period. Reflection Asset Management bought a new position in SoFi Technologies in the 4th quarter worth about $28,000. Quaker Wealth Management LLC grew its holdings in SoFi Technologies by 2,745.2% during the 4th quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company’s stock valued at $31,000 after buying an additional 1,153 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in shares of SoFi Technologies during the fourth quarter valued at about $34,000. 38.43% of the stock is owned by institutional investors.
SoFi Technologies Company Profile
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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