New York, Jan 6, 2026, 12:18 ET — Regular session
- SoFi shares fell nearly 10% in midday trade, undercutting the offer price from its recent stock sale
- A filing confirmed the company completed the sale of additional shares tied to the underwriters’ option
- Barclays lifted its price target, while investors turn to Jan. 30 earnings for the next catalyst
SoFi Technologies, Inc (Nasdaq: SOFI) shares fell 9.8% to $26.40 by 12:18 p.m. ET on Tuesday, after opening at $29.23. The stock touched $26.37, and about 60 million shares had changed hands.
The fintech lender said in a regulatory filing on Monday that the underwriters — the banks running the deal — exercised their option to buy additional shares on Jan. 2, and SoFi completed the sale on Jan. 5. The extra shares brought the total sold in the offering to 57,754,660 at $27.50 each, the filing showed.
Fresh stock from a deal can weigh on prices as investors absorb dilution, even when it strengthens a company’s cash position. Tuesday’s slide put SoFi below the offer price, and comes as traders position for the next earnings report later this month.
Barclays analyst Terry Ma raised his price target on SoFi to $28 from $23 but kept an Equal Weight rating, saying a “benign” credit backdrop “sets the stage for loan growth.” Barclays also expects a better mortgage origination market in 2026, the note said. TipRanks
Elsewhere in consumer finance, Upstart fell 1.7%, Affirm slid 1.5% and LendingClub dropped 3.3%, while PayPal was up about 0.2%. SoFi’s sharper move suggested deal-driven selling rather than a broad fintech rout.
SoFi said it plans to post fourth-quarter and full-year 2025 results at about 7 a.m. ET on Friday, Jan. 30, followed by a conference call at 8 a.m. Investors will listen for updates on loan growth, funding costs and credit quality as the company expands its banking and technology platform businesses.
Risks remain. If demand for the new shares does not keep pace with the added supply, the stock may stay pinned below the deal price, and any sign of rising consumer stress could sharpen concerns about loan losses.
The next clear catalyst is Jan. 30, when SoFi reports results and gives its outlook before the opening bell and management takes questions in the morning call.
Related articles: NASDAQ:SOFI
