New York, April 21, 2026, 15:34 EDT
- SoFi slipped 42 cents to $19.08 on the Nasdaq late in the session, trading on volume north of 52 million shares.
- First-quarter results from the company land April 29 ahead of the bell, with an earnings call set for 8 a.m. ET.
- Asset Management One bumped up its SoFi holdings in Q4, according to a 13F filing cited in a recent report, but analysts can’t seem to agree on the stock.
SoFi Technologies Inc. shares slipped Tuesday afternoon, losing ground after a recent bounce as investors eyed next week’s Q1 results and sifted through fresh data on institutional positions alongside cautious analyst notes. A new Form 13F filing showed Asset Management One Co. bumped its SoFi stake up by 6.8% during the fourth quarter, according to a Tuesday report.
Timing is key here. SoFi drops its numbers April 29, with investors eyeing whether the fintech can keep up the pace after last year’s milestone: revenue topped $1 billion for the first time.
Wall Street isn’t buying that outcome just yet. Last week, BofA’s Mihir Bhatia lowered SoFi’s price target to $18 from $20, sticking with an Underperform. The bank cited new estimates, softer market multiples and more uncertainty for consumer finance.
According to MarketBeat’s Tuesday report, analysts have SoFi sitting at a Hold overall—seven Buys, 10 Holds, and three Sells. The consensus price target comes in at $24.85, which tops Tuesday’s close but has slipped from highs seen earlier this year.
One piece of firmer institutional data: Asset Management One picked up 28,862 more SoFi shares during the period, bringing its total to 451,137 shares—roughly $12.1 million worth, according to the report. Brighton Jones made a small increase as well. Institutions now account for about 38.4% of SoFi’s ownership.
SoFi raised the stakes with its most recent results. Fourth-quarter GAAP net revenue climbed 40% to $1.025 billion, while adjusted net revenue was up 37% to $1.013 billion. Net income hit $173.5 million, with diluted EPS at 13 cents. CEO Anthony Noto described 2025 as “a tremendous year,” highlighting that the company crossed $1 billion in quarterly revenue for the first time in the fourth quarter. SEC
The company tacked on another 1.0 million members during the quarter, pushing its total membership up to 13.7 million. It reported 20.2 million products. Loan originations jumped 46%, hitting $10.5 billion—a boost driven by gains in personal, student, and home loans.
SoFi expects adjusted net revenue of roughly $1.04 billion in the first quarter, with adjusted earnings per share coming in near 12 cents. Looking ahead to 2026, the company sees adjusted net revenue landing around $4.66 billion and adjusted EPS at about 60 cents, provided the macroeconomic environment stays about the same.
This isn’t just about one quarter. SoFi keeps getting stacked up against credit-centric fintechs like Upstart; Affirm tends to draw attention too, especially over funding and credit risk. The difference, according to SoFi: it’s pushing a far bigger story. Lending, banking, a consumer finance app, plus Galileo—the payments and banking tech backbone it owns—all get rolled into its pitch.
This month brought another trial for that approach: Galileo announced SoFi Bank had begun offering instant transfers via FedNow, the Fed’s real-time payments network. “Waiting days for money to show up” is out of step with what users want now, Galileo CFO and interim chief Bill Kennedy told reporters. SoFi, for its part, said the new setup allows members to move funds to and from SoFi and any other U.S. bank account in seconds. Business Wire
Still, risks remain in play. If personal-loan credit trends disappoint in the first quarter, or if member growth slows down, or guidance looks weak, doubts about SoFi’s higher fintech multiple could resurface. Shares have also been contending with short-seller accusations from Muddy Waters. Fortune highlighted Mizuho’s Don Dolev, who called the report thorough, but argued it got some crucial points wrong or missed the mark.
SoFi’s next major hurdle lands on April 29, when the market will zero in on its report. Investors aren’t so much questioning if SoFi can tack on a fresh product line; the key is whether growth, credit quality, and profit can actually move forward together.
