The price of SoFi Technologies Inc (NASDAQ:SOFI) shares last traded on Wall Street fell -6.49% to $7.49.
Based on available information, 19 analysts follow SoFi Technologies Inc (NASDAQ:SOFI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $3.00, we find $9.00. Given the previous closing price of $8.01, this indicates a potential upside of 12.36 percent. SOFI stock price is now -6.99% away from the 50-day moving average and 2.18% away from the 200-day moving average. The market capitalization of the company currently stands at $7.12B.
Among analysts, 11 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $9.41 as their price target over the next twelve months.
With the price target maintained at $7, Morgan Stanley recently Upgraded its rating from Underweight to Equal-Weight for SoFi Technologies Inc (NASDAQ: SOFI).
In other news, Webster Aaron, Chief Risk Officer sold 215,299 shares of the company’s stock on Nov 03. The stock was sold for $1,740,542 at an average price of $8.08. Upon completion of the transaction, the Chief Risk Officer now directly owns 476,221 shares in the company, valued at $3.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, President – SoFi Bank Borton Chad M sold 152,041 shares of the business’s stock. A total of $1,215,188 was realized by selling the stock at an average price of $7.99. This leaves the insider owning 157,857 shares of the company worth $1.18 million. Insiders disposed of 4,038,217 shares of company stock worth roughly $30.25 million over the past 1 year. A total of 7.65% of the company’s stock is owned by insiders.
A candlestick chart of SoFi Technologies Inc (NASDAQ: SOFI) showed a price of $8.05 on Monday morning. During the past 12 months, SoFi Technologies Inc has had a low of $4.24 and a high of $11.70. The fifty day moving average price for SOFI is $8.05 and a two-hundred day moving average price translates $7.33 for the stock.
The latest earnings results from SoFi Technologies Inc (NASDAQ: SOFI) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at -$0.06, inline with analysts’ expectations of -$0.06. This compares to -$0.12 EPS in the same period last year. The net profit margin was -16.13% and return on equity was -7.15% for SOFI. The company reported revenue of $470.0 million for the quarter, compared to $149.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 214.35 percent. For the current quarter, analysts expect SOFI to generate $512.14M in revenue.
SoFi Technologies Inc(SOFI) Company Profile
SoFi Technologies, Inc. provides various financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money. It also offers personal loans, student loans, home loans, and related services. The company also operates Galileo, a technology platform that offers services to financial and non-financial institutions and brokerage services, as well as Technisys, a cloud-native digital and core banking platform with financial services customers. In addition, it offers checking and savings accounts; debit cards; and cash management products. Further, the company provides SoFi Invest, a mobile investment platform that provide its members access to trading and advisory solutions, such as active investing, robo-advisory, and digital assets accounts. The company was founded in 2011 and is headquartered in San Francisco, California.
