In yesterday’s Wall Street session, SoFi Technologies Inc (NASDAQ:SOFI) shares traded at $14.07, down -0.57% from the previous session.
SOFI stock price is now -4.07% away from the 50-day moving average and 51.51% away from the 200-day moving average. The market capitalization of the company currently stands at $15.27B.
With the price target enhanced from $7 to $8, Keefe Bruyette Downgraded its rating from Mkt Perform to Underperform for SoFi Technologies Inc (NASDAQ: SOFI). On December 09, 2024, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $12, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, Keough Kelli, EVP, GBUL, SIPS sold 8,914 shares of the company’s stock on Dec 23 ’24. The stock was sold for $138,949 at an average price of $15.59. Upon completion of the transaction, the EVP, GBUL, SIPS now directly owns 187,725 shares in the company, valued at $2.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23 ’24, Officer Kelli Keough bought 27,013 shares of the business’s stock. A total of $419,242 was incurred on buying the stock at an average price of $15.52. A total of 2.08% of the company’s stock is owned by insiders.
During the past 12 months, SoFi Technologies Inc has had a low of $6.01 and a high of $17.19. The fifty day moving average price for SOFI is $14.5956 and a two-hundred day moving average price translates $9.252025 for the stock.
The latest earnings results from SoFi Technologies Inc (NASDAQ: SOFI) was released for 2024-09-30. The net profit margin was 5.08% and return on equity was 3.73% for SOFI. The company reported revenue of $723.37 million for the quarter, compared to $564.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.2 percent.
