The price of SoFi Technologies Inc (NASDAQ:SOFI) shares last traded on Wall Street fell -10.27% to $16.08.
SOFI stock price is now 3.46% away from the 50-day moving average and 65.72% away from the 200-day moving average. The market capitalization of the company currently stands at $17.45B.
On January 02, 2025, Keefe Bruyette Downgraded its previous ‘Mkt Perform’ rating to ‘Underperform’ on the stock increasing its target price from $7 to quote $8, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Keough Kelli, EVP, GBUL, SIPS sold 8,914 shares of the company’s stock on Jan 21 ’25. The stock was sold for $156,730 at an average price of $17.58. Upon completion of the transaction, the EVP, GBUL, SIPS now directly owns 178,811 shares in the company, valued at $2.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23 ’24, EVP, GBUL, SIPS Keough Kelli sold 8,914 shares of the business’s stock. A total of $138,949 was realized by selling the stock at an average price of $15.59. This leaves the insider owning 187,725 shares of the company worth $3.02 million. 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 $18.42. According to the stock market information, the enterprise value for the company is $20410238976, which is based on a 43.27 price-to-earnings ratio, a 1.98 price-to-earnings-growth ratio, and a beta of 1.81. The fifty day moving average price for SOFI is $15.503 and a two-hundred day moving average price translates $9.662175 for the stock.
The latest earnings results from SoFi Technologies Inc (NASDAQ: SOFI) was released for 2024-09-30. The net profit margin was 12.72% and return on equity was 8.26% 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. For the current quarter, analysts expect SOFI to generate $710.34M in revenue.
