SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1% – Time to Sell?

Posted by Stanley Muller on Oct 28th, 2026

SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report)’s share price traded down 1% during mid-day trading on Monday. The stock traded as low as $14.40 and last traded at $14.46. Approximately 42,317,187 shares traded hands during trading, a decline of 33% from the average daily volume of 63,360,488 shares. The stock had previously closed at $14.61.

SoFi Technologies News Roundup

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

Positive Sentiment: Better-than-expected third-quarter results: SoFi reported approximately $1.37 billion in revenue, up 44.4% year over year, and adjusted earnings of $0.18 per share versus the $0.17 consensus estimate. Net income reached roughly $241 million. SoFi Technologies earnings report
Positive Sentiment: Guidance was raised: Management increased 2026 adjusted net revenue guidance to about $5.04 billion and introduced an optimistic 2027 forecast of approximately $6.4 billion in adjusted revenue and $0.90 in adjusted EPS, implying substantial earnings growth. SoFi 2027 outlook
Positive Sentiment: Operating momentum remains strong: Membership reached about 17 million, lending volume reportedly increased 71%, and record product adoption and cross-selling are improving operating leverage. Management also said organic capital generation should fund 2027 growth. SoFi long-term investor takeaways
Positive Sentiment: Analyst support improved: Monness Crespi & Hardt initiated coverage with a Buy rating and a $20 price target, while broader analyst commentary has become more constructive after the beat-and-raise quarter. Monness Crespi SoFi coverage
Neutral Sentiment: Valuation and analyst views are mixed: Wells Fargo raised its target to $18 but maintained Equal Weight, while Keefe, Bruyette & Woods lifted its target to $16 but retained Underperform. SoFi remains down roughly 35% for the year despite the recent rally. Wells Fargo SoFi rating
Negative Sentiment: Risks could limit further upside: Investors remain concerned that the stock’s valuation already discounts much of the expected growth, while consumer-lending performance, credit losses, fraud and broader economic conditions could pressure future results.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SOFI shares. Keefe, Bruyette & Woods boosted their target price on shares of SoFi Technologies from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Wednesday. The Goldman Sachs Group set a $15.00 price target on SoFi Technologies in a research note on Tuesday, October 13th. Piper Sandler began coverage on SoFi Technologies in a report on Monday, August 17th. They set an “overweight” rating and a $22.00 price target for the company. Benchmark reaffirmed a “sector outperform” rating on shares of SoFi Technologies in a report on Wednesday. Finally, Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and a consensus target price of $21.18.

Read Our Latest Research Report on SoFi Technologies

SoFi Technologies Trading Up 4.5%

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 fifty day simple moving average is $16.63 and its two-hundred day simple moving average is $18.04. The company has a market cap of $22.14 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 0.85 and a beta of 2.33.

SoFi Technologies (NASDAQ:SOFI – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm earned $0.11 EPS. The company’s revenue was up 44.4% compared to the same quarter last year. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.60 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the sale, the chief technology officer owned 912,650 shares in the company, valued at approximately $15,971,375. The trade was a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $203,148.00. Following the completion of the sale, the executive vice president directly owned 356,442 shares of the company’s stock, valued at $6,415,956. The trade was a 3.07% 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. Insiders sold 50,316 shares of company stock valued at $852,605 in the last 90 days. 2.50% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in SoFi Technologies during the second quarter worth approximately $1,298,925,000. Bank of America Corp DE acquired a new stake in shares of SoFi Technologies in the second quarter valued at approximately $163,808,000. Dimensional Fund Advisors LP boosted its holdings in shares of SoFi Technologies by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock valued at $144,539,000 after acquiring an additional 359,785 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of SoFi Technologies by 2.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company’s stock valued at $90,348,000 after acquiring an additional 156,218 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of SoFi Technologies during the second quarter worth approximately $93,937,000. 38.43% of the stock is owned by institutional investors and hedge funds.

About SoFi Technologies

(Get Free Report)

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.