NEW YORK, Jan 6, 2026, 10:27 (EST)
SoFi Technologies’ shares fell 7.2% to $27.17 in morning trade on Tuesday after opening at $29.23. The stock touched $29.32 earlier in the session before sliding to $27.08.
The move follows a sharp jump a day earlier. SoFi shares rose 6.6% on Monday, hitting $29.86, on volume of 73.6 million shares, MarketBeat reported.
Options traders have tilted bullish ahead of SoFi’s Jan. 30 earnings report. TheFly said 104,387 call options traded — about three times expected volume — while implied volatility, which reflects how big a move traders price in, climbed to 64.69%. The put-to-call ratio was 0.31, meaning calls outnumbered puts, and the busiest contracts were weekly calls expiring Jan. 9 with $28 and $29 strike prices.
TipRanks said options prices implied a 13.73% move in either direction after results. The site said analysts expect fourth-quarter revenue to fall about 3% to about $978.6 million and earnings per share, a measure of profit, to ease to $0.11. Wall Street’s consensus rating was Hold, with an average price target of $28.79, TipRanks said.
Barclays analyst Terry Ma raised his price target on SoFi to $28 from $23 and kept an equal weight rating, TheFly reported. Ma said a “benign” credit environment should support loan growth and forecast a stronger mortgage origination market in 2026. TipRanks
A Motley Fool commentary carried by Nasdaq said SoFi shares fell 12% in December, citing S&P Global Market Intelligence data, and pointed to a premium valuation and softer crypto prices. The piece said SoFi has been rolling out new products such as cryptocurrency trading and a stablecoin, but noted the stock traded at 53 times trailing 12-month earnings and about four times book value.
A regulatory filing showed underwriters exercised a 30-day option in SoFi’s recent stock sale on Jan. 2, and the company completed the additional share issuance on Jan. 5. The move lifted the total shares sold in the offering to 57,754,660 at $27.50 per share, implying gross proceeds of about $1.6 billion before fees.
In a Seeking Alpha note on Tuesday, Tangerine Tan Capital wrote that SoFi’s lending and financial services units are growing faster than its technology platform. The author cited 76% year-on-year growth in financial services net sales and 23% growth in lending, while saying the personal-loan net charge-off ratio improved even as total charge-offs — loans written off as uncollectable — rose with higher loan volumes.
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