The stock of SoFi Technologies Inc (NASDAQ:SOFI) last traded at $6.61, down -3.15% from the previous session.
Data from the available sources indicates that SoFi Technologies Inc (NASDAQ:SOFI) is covered by 19 analysts. 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 $8.50. Given the previous closing price of $6.83, this indicates a potential upside of 24.45 percent. SOFI stock price is now -14.87% away from the 50-day moving average and -10.24% away from the 200-day moving average. The market capitalization of the company currently stands at $6.34B.
In total, 12 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $9.18 as their price target over the next twelve months.
With the price target of $8, Barclays recently initiated with Equal Weight rating for SoFi Technologies Inc (NASDAQ: SOFI).
In other news, Noto Anthony, Chief Executive Officer bought 44,000 shares of the company’s stock on Nov 09. The stock was bought for $298,245 at an average price of $6.78. Upon completion of the transaction, the Chief Executive Officer now directly owns 7,239,289 shares in the company, valued at $47.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, CFO and PAO Lapointe Christopher bought 14,950 shares of the business’s stock. A total of $100,016 was incurred on buying the stock at an average price of $6.69. This leaves the insider owning 827,068 shares of the company worth $5.47 million. Insiders disposed of 4,018,266 shares of company stock worth roughly $26.56 million over the past 1 year. A total of 7.61% of the company’s stock is owned by insiders.
With an opening price of $6.77 on Monday morning, SoFi Technologies Inc (NASDAQ: SOFI) set off the trading day. 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 $7.77 and a two-hundred day moving average price translates $7.37 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 -$0.29, missing analysts’ expectations of -$0.07 by -0.22. This compares to -$0.09 EPS in the same period last year. The net profit margin was -16.52% and return on equity was -7.15% for SOFI. The company reported revenue of $564.27 million for the quarter, compared to $198.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 184.93 percent. For the current quarter, analysts expect SOFI to generate $570.69M 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.