SoFi Technologies (NASDAQ:SOFI) Trading Down 1.3% Following Analyst Downgrade

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price was down 1.3% during trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $19.00 to $18.00. Wells Fargo & Company currently has an equal weight rating on the stock. SoFi Technologies traded as low as $15.92 and last traded at $16.27. Approximately 43,699,188 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 63,136,938 shares. The stock had previously closed at $16.49.

A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a report on Tuesday, February 3rd. Needham & Company LLC reduced their target price on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Bank of America initiated coverage on SoFi Technologies in a report on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a research note on Thursday, January 22nd. Finally, Citizens Jmp raised 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. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.09.

Insider Buying and Selling at SoFi Technologies

In other news, General Counsel Robert S. Lavet purchased 5,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was acquired at an average price of $21.04 per share, with a total value of $105,200.00. Following the purchase, the general counsel directly owned 17,172 shares of the company’s stock, valued at $361,298.88. This represents a 41.08% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven J. Freiberg sold 94,225 shares of SoFi Technologies stock in a transaction on Friday, February 6th. The stock was sold at an average price of $20.31, for a total value of $1,913,709.75. Following the transaction, the director directly owned 588,849 shares of the company’s stock, valued at $11,959,523.19. This trade represents a 13.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 38,900 shares of company stock worth $705,398 and have sold 218,148 shares worth $4,161,735. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies News Summary

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

• Positive Sentiment: SoFi’s business mix shift toward fee‑based, capital‑light revenue and strong top‑line growth (Q revenue ~$1.013B, fee revenue +50% YoY; combined Financial Services & Tech Platform +61%) supports fundamentals and longer‑term valuation arguments. SoFi’s Reset Is Testing More Than Valuation
• Positive Sentiment: Brand/reputation boost: SoFi was ranked atop Forbes’ Best Banks list in the U.S., a PR win that can help member acquisition and trust. Not JPMorgan, Not Bank of America — SoFi Tops Forbes Best Banks List In The US
• Neutral Sentiment: Market action: SoFi posted a small intraday gain on April 8 but lagged broader market strength, indicating volatility and rotation rather than a clear directional signal. Here’s Why SoFi Gained But Lagged the Market
• Neutral Sentiment: Longer‑term debate: several commentaries question whether the pullback fully prices in execution risk vs. growth optionality, keeping the stock on watchlists for both buyers and sellers. Is It Time To Reassess SoFi Technologies After Its Sharp YTD Pullback
• Negative Sentiment: Analyst cuts — Wells Fargo trimmed its price target from $19 to $18 and moved to an “equal weight” rating (PT implies ~10.6% upside vs. current price). Benzinga
• Negative Sentiment: Analyst cuts — Keefe, Bruyette & Woods cut its target from $20 to $17 and set an “underperform” rating (PT implies ~4.5% upside), increasing sell‑side caution. Benzinga
• Negative Sentiment: Other downgrades: Barclays also lowered its target to $18 — the cluster of cuts tightens upside expectations and likely pressured intraday sentiment. Barclays Lowers SoFi Price Target
• Negative Sentiment: Market context: recent sell‑offs (double‑digit decline in March, large YTD pullback) and coverage questioning whether the drop reflects macro/geopolitical noise or company risk keep short‑term downside risk elevated. Why SoFi Stock Fell 10.6% Last Month

Institutional Trading of SoFi Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies during the 4th quarter worth about $25,000. Vermillion Wealth Management Inc. increased its position in SoFi Technologies by 283.1% during 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 in the last quarter. Blue Trust Inc. increased its position in SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after purchasing an additional 878 shares in the last quarter. Reflection Asset Management purchased a new stake in SoFi Technologies during the 4th quarter worth about $28,000. Finally, Central Pacific Bank Trust Division purchased a new stake in SoFi Technologies during the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Trading Down 1.3%

The stock has a market cap of $20.75 billion, a PE ratio of 42.82 and a beta of 2.24. The business has a 50-day moving average of $18.32 and a 200 day moving average of $24.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The firm’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Equities research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.