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

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price fell 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. 53,011,495 shares were traded during trading, a decline of 9% from the average session volume of 58,475,871 shares. The stock had previously closed at $19.54.

SOFI has been the topic of a number of other reports. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price objective on shares of SoFi Technologies in a research note on Tuesday, October 28th. Mizuho set a $38.00 target price on SoFi Technologies in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. Bank of America began coverage on SoFi Technologies in a research note on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price target on the stock. Finally, UBS Group set a $24.50 target price on shares of SoFi Technologies in a report on Monday, February 2nd. One equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.34.

Insider Buying and Selling

In other news, EVP Eric Schuppenhauer bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the acquisition, the executive vice president directly owned 228,768 shares in the company, valued at approximately $4,559,346.24. This represents a 2.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kelli Keough sold 9,468 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $25.75, for a total value of $243,801.00. Following the sale, the executive vice president owned 303,480 shares of the company’s stock, valued at approximately $7,814,610. The trade was a 3.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 251,130 shares of company stock worth $6,003,238. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of SoFi Technologies

Several large investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in SoFi Technologies by 12.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock worth $88,864,000 after buying an additional 540,610 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new stake in shares of SoFi Technologies during the second quarter worth about $209,000. Quantbot Technologies LP acquired a new stake in shares of SoFi Technologies in the 2nd quarter worth about $25,699,000. Marex Group plc bought a new position in SoFi Technologies in the 2nd quarter valued at about $11,179,000. Finally, Sigma Planning Corp lifted its position in SoFi Technologies by 34.7% in the 2nd quarter. Sigma Planning Corp now owns 60,653 shares of the company’s stock valued at $1,104,000 after acquiring an additional 15,617 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Trading Down 1.2%

The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average price of $24.89 and a 200 day moving average price of $26.20. The stock has a market capitalization of $23.27 billion, a PE ratio of 50.79 and a beta of 2.13.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. SoFi Technologies had a return on equity of 6.48% and a net margin of 13.34%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. SoFi Technologies’s revenue was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Equities analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal 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.