In yesterday’s Wall Street session, SoFi Technologies Inc (NASDAQ:SOFI) shares traded at $7.05, down -10.48% from the previous session.
SOFI stock price is now -8.10% away from the 50-day moving average and -13.43% away from the 200-day moving average. The market capitalization of the company currently stands at $7.44B.
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On April 05, 2024, Keefe Bruyette Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock increasing its target price from $6.50 to quote $7.50, while ‘Needham’ rates the stock as ‘Buy’
In other news, Rishel Jeremy, Chief Technology Officer sold 56,273 shares of the company’s stock on Mar 19 ’24. The stock was sold for $389,972 at an average price of $6.93. Upon completion of the transaction, the Chief Technology Officer now directly owns 390,616 shares in the company, valued at $2.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 19 ’23, Chief Technology Officer Rishel Jeremy sold 56,273 shares of the business’s stock. A total of $550,350 was realized by selling the stock at an average price of $9.78. This leaves the insider owning 343,250 shares of the company worth $2.42 million. A total of 7.22% of the company’s stock is owned by insiders.
During the past 12 months, SoFi Technologies Inc has had a low of $4.45 and a high of $11.70.
According to the Credit Services Company, earnings per share came in at -0.05, beating analysts’ expectations of -0.07 by 0.02. This compares to -$0.05 EPS in the same period last year. The net profit margin was -11.72% and return on equity was -5.43% for SOFI. The company reported revenue of $645.24 million for the quarter, compared to $307.41 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 109.9 percent. For the current quarter, analysts expect SOFI to generate $556M in revenue.
