SoFi Technologies (NASDAQ:SOFI) Shares Down 1.2% Following Analyst Downgrade

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price dropped 1.2% during mid-day trading on Thursday after Truist Financial lowered their price target on the stock from $28.00 to $21.00. Truist Financial currently has a hold rating on the stock. SoFi Technologies traded as low as $18.97 and last traded at $19.30. Approximately 53,011,495 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 58,475,871 shares. The stock had previously closed at $19.54.

A number of other research analysts have also recently issued reports on the company. Barclays lifted their price objective on SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Citizens Jmp upgraded shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Monday, February 9th. Mizuho set a $38.00 price objective on shares of SoFi Technologies in a report on Thursday, October 30th. Citigroup raised their target price on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group reduced their price objective on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.34.

Insiders Place Their Bets

In other news, EVP Eric Schuppenhauer acquired 5,000 shares of SoFi Technologies stock in a transaction dated Thursday, February 5th. The stock was purchased at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the purchase, the executive vice president directly owned 228,768 shares in the company, valued at approximately $4,559,346.24. This trade represents a 2.23% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Freiberg sold 94,225 shares of SoFi Technologies stock in a transaction on Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the transaction, the director owned 588,849 shares in the company, valued at approximately $11,959,523.19. This trade represents a 13.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 204,998 shares of company stock valued at $4,861,010. Insiders own 2.60% of the company’s stock.

Institutional Trading of SoFi Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. Norges Bank purchased a new stake in SoFi Technologies during the 4th quarter valued at approximately $321,515,000. Vanguard Group Inc. boosted its position in shares of SoFi Technologies by 6.8% during the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock worth $2,829,640,000 after acquiring an additional 6,814,727 shares during the last quarter. Quadrature Capital Ltd purchased a new position in SoFi Technologies during the second quarter valued at $115,188,000. State Street Corp increased its holdings in SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after acquiring an additional 5,708,053 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in SoFi Technologies by 372.9% in the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after purchasing an additional 5,244,291 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Price Performance

The firm has a market cap of $23.27 billion, a P/E ratio of 50.79 and a beta of 2.13. The firm’s fifty day simple moving average is $24.73 and its 200 day simple moving average is $26.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.16 and a current ratio of 0.78.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The firm’s revenue was up 39.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

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.