SoFi Technologies (NASDAQ:SOFI) Stock Price Down 6.7% – Should You Sell?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) were down 6.7% during mid-day trading on Wednesday. The stock traded as low as $13.92 and last traded at $14.22. 90,776,985 shares were traded during trading, an increase of 42% from the average daily volume of 64,109,871 shares. The stock had previously closed at $15.24.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFi’s record loan originations, deposit growth and member expansion demonstrate continued operating momentum. One Wall Street analyst believes the shares could potentially double in 2027 if the company converts that growth into improved earnings. SoFi Technologies Imploded in 2026: A Wall Street Pro Predicts It Will Double in 2027
• Positive Sentiment: SoFi’s banking charter and sizable deposit base give it balance-sheet flexibility to continue originating loans through difficult market conditions. Lending contributes the majority of adjusted gross profit, supporting the long-term investment case. SoFi: The Market Will Wake Up From Its Hangover Eventually
• Positive Sentiment: StoneX initiated coverage with a Buy rating, citing attractive valuation after the 2026 selloff. Unusually high call-option activity also indicates speculative bullish interest, although it is not necessarily a fundamental signal. StoneX Initiates SoFi Technologies at Buy
• Neutral Sentiment: Analysts at several brokerages rate SOFI “Hold,” reflecting a balance between strong company execution and uncertainty around the macroeconomic outlook. SoFi Stock Rated Hold by Wall Street Brokerages
• Negative Sentiment: Higher interest rates are pressuring the bull case by raising funding costs and potentially reducing borrowing demand. Revenue growth is also expected to moderate to just above 20% by fiscal 2028. Rising Rate Pressure Tests the Case for SoFi Stock
• Negative Sentiment: Technical analysts warn that the recent rally could be a “dead cat bounce,” while the stock’s move to a new one-year low highlights continued selling pressure. These signals have outweighed the company’s operating improvements in the short term. SOFI Rally Could Be a Dead Cat Bounce

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Piper Sandler assumed coverage on SoFi Technologies in a research report on Monday, August 17th. They set an “overweight” rating and a $22.00 target price for the company. Keefe, Bruyette & Woods restated an “underperform” rating on shares of SoFi Technologies in a research report on Monday. Wells Fargo & Company reduced their target price on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Needham & Company LLC reduced their price objective on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Mizuho reduced 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. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $22.20.

SoFi Technologies Stock Down 4.5%

The company has a market cap of $18.62 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 0.83 and a beta of 2.33. The firm’s 50 day simple moving average is $17.17 and its 200-day simple moving average is $17.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping 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 return on equity of 6.22% and a net margin of 14.78%. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.60 earnings per share for the current year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the sale, the executive vice president owned 356,442 shares of the company’s stock, valued at $6,415,956. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the transaction, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 51,067 shares of company stock worth $890,716 in the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of SoFi Technologies in the second quarter worth about $1,298,925,000. Bank of America Corp DE acquired a new stake in SoFi Technologies during the 2nd quarter worth $163,808,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in SoFi Technologies during the 2nd quarter worth $93,937,000. Bank of New York Mellon Corp bought a new stake in shares of SoFi Technologies during the 2nd quarter valued at $72,531,000. Finally, Legal & General Group Plc bought a new stake in shares of SoFi Technologies during the 2nd quarter valued at $64,706,000. Institutional investors own 38.43% of the company’s stock.

About SoFi Technologies

SoFi Technologies, Inc is a financial technology company that provides digital financial services through its SoFi platform. Founded in 2011 as a student-loan refinancing business, the company has expanded into a broader digital banking and personal-finance provider serving consumers primarily in the United States.

SoFi offers products including personal loans, student-loan refinancing, home loans, checking and savings accounts, credit cards, investment accounts, and financial-planning tools.