SoFi Technologies (NASDAQ:SOFI) Trading Down 3.6% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price fell 3.6% during trading on Wednesday . The stock 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 session volume of 65,723,523 shares. The stock had previously closed at $17.16.

SoFi Technologies News Roundup

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

• Positive Sentiment: Stablecoin settlement expands SoFi’s payments strategy. SoFi Bank has begun settling its entire debit- and credit-card program through Mastercard using SoFiUSD, making it the first nationally chartered U.S. bank to deploy a bank-issued stablecoin for live card payments. The program represents more than $25 billion in annualized card volume and could support lower settlement costs, fee-based revenue growth, cross-border payments and remittances. SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
• Positive Sentiment: Mastercard partnership may create a new growth engine. Investors are viewing the live integration as a potential expansion beyond SoFi’s traditional lending business, particularly as fee-based revenue becomes a larger part of the company’s mix. Mastercard and SoFi are also exploring additional stablecoin use cases. SoFi Brings SoFiUSD to Mastercard
• Neutral Sentiment: Credit trends remain encouraging but warrant monitoring. Recent coverage points to improving charge-offs and delinquencies despite record loan originations, supporting SoFi’s credit outlook. However, rapid lending growth could test asset quality if consumer conditions deteriorate. SoFi Technologies Maintains Strong Credit Quality
• Negative Sentiment: Sector weakness is pressuring the stock. Consumer-lending shares broadly declined while the wider financial sector was nearly unchanged. The move suggests investors are taking profits or reducing exposure to higher-beta lenders, temporarily overshadowing SoFi’s company-specific stablecoin catalyst. Consumer Lending Stocks Slide While Financials Barely Budge

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Scotiabank assumed coverage on SoFi Technologies in a research note on Wednesday, September 2nd. They set a “sector outperform” rating and a $25.00 price objective on the stock. Truist Financial lifted their price target on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Wells Fargo & Company lowered their price target on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Needham & Company LLC dropped their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Mizuho cut their price objective on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.52.

SoFi Technologies Trading Down 3.6%

The business has a fifty day moving average price of $17.65 and a two-hundred day moving average price of $17.33. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $21.38 billion, a PE ratio of 34.48, a PEG ratio of 1.40 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. SoFi Technologies’s revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Activity

In other news, EVP Kelli Keough sold 11,286 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the transaction, the executive vice president directly owned 356,442 shares in the company, valued at approximately $6,415,956. This represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.50% of the company’s stock.

Institutional Trading of SoFi Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in SoFi Technologies during the 2nd quarter worth approximately $1,298,925,000. Alberta Investment Management Corp purchased a new stake in shares of SoFi Technologies during the 4th quarter worth $13,299,000. Allstate Corp grew its stake in shares of SoFi Technologies by 117.3% during the fourth quarter. Allstate Corp now owns 89,452 shares of the company’s stock worth $2,342,000 after purchasing an additional 48,283 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of SoFi Technologies during the second quarter worth $163,808,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in SoFi Technologies by 11.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 375,700 shares of the company’s stock valued at $9,836,000 after buying an additional 40,000 shares during the last quarter. Hedge funds and other 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.