SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report)’s stock price traded down 3.6% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $16.52 and last traded at $16.55. 55,739,825 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 65,723,523 shares. The stock had previously closed at $17.16.
Specifically, CTO Jeremy Rishel sold 18,624 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the sale, the chief technology officer directly owned 912,650 shares in the company, valued at approximately $15,971,375. The trade was a 2.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 10,203 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $16.99, for a total transaction of $173,348.97. Following the transaction, the executive vice president owned 408,073 shares of the company’s stock, valued at $6,933,160.27. This represents a 2.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Wall Street Analysts Forecast Growth
SOFI has been the topic of a number of recent research reports. Mizuho dropped 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. Weiss Ratings raised shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Needham & Company LLC dropped their target price on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Piper Sandler initiated coverage on SoFi Technologies in a report on Monday, August 17th. They issued an “overweight” rating and a $22.00 price target for the company. Finally, The Goldman Sachs Group lifted their price target on SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and a consensus target price of $22.52.
Key Headlines Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: Several recent commentaries describe SOFI as a potentially attractive buy after its year-to-date decline. The bullish case points to strong revenue growth, expanding margins, record loan originations, improving credit performance and continued growth across banking, investing and technology services. Investors may also look ahead to the company’s October 27 earnings report for confirmation of that momentum. Why SoFi Stock Is a Good Buy Now
- Positive Sentiment: SoFi’s SoFiUSD stablecoin is being used to settle its debit- and credit-card transactions on Mastercard’s network, covering more than $25 billion in annualized card volume. The initiative could eventually support fee-based revenue, cross-border payments and remittances while broadening SoFi beyond traditional lending. SoFi Bets $25 Billion on Stablecoins
- Neutral Sentiment: Analyst opinion is mixed but leans constructive: nine analysts rate SOFI a Buy, eleven rate it Hold and three rate it Sell. Price targets range from $15 to $25, leaving investors focused on whether upcoming results justify the company’s current growth-based valuation. Should You Buy SoFi Stock Before October 27?
- Neutral Sentiment: Reports on short interest are inconsistent: one article describes elevated short interest, while another lists zero shares short and a zero-day short-interest ratio. Investors should treat the data cautiously until confirmed by an authoritative exchange or regulatory source. High Short Interest Stocks
- Negative Sentiment: SOFI has been caught in a broader selloff in consumer-lending stocks, reflecting concerns about credit risk and sensitivity to economic conditions even as reported delinquencies and charge-offs improve. Consumer Lending Stocks Slide
- Negative Sentiment: The stablecoin opportunity has not yet demonstrated a material earnings contribution, and skepticism about broad cryptocurrency adoption may limit the market’s immediate response. Two executives also sold shares under pre-arranged Rule 10b5-1 plans, creating a modest sentiment overhang but not necessarily signaling deteriorating business conditions.
SoFi Technologies Trading Down 1.3%
The firm’s 50 day moving average is $17.62 and its 200 day moving average is $17.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. The company has a market cap of $21.41 billion, a PE ratio of 34.57, a PEG ratio of 1.41 and a beta of 2.20.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 14.78% and a return on equity of 6.22%. The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.
Institutional Investors Weigh In On SoFi Technologies
Large investors have recently added to or reduced their stakes in the business. Vermillion Wealth Management Inc. increased 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 acquiring an additional 739 shares during the last quarter. Reflection Asset Management purchased a new position in shares of SoFi Technologies during the fourth quarter worth about $28,000. SHP Wealth Management bought a new position in shares of SoFi Technologies in the fourth quarter worth approximately $36,000. Compass Financial Management LLC bought a new position in shares of SoFi Technologies in the second quarter worth approximately $34,000. Finally, Cornerstone Planning Group LLC raised its stake in SoFi Technologies by 232.1% in the first quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock valued at $34,000 after purchasing an additional 1,467 shares in the last quarter. Institutional investors 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.
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