The price of SoFi Technologies Inc (NASDAQ:SOFI) shares last traded on Wall Street fell -11.20% to $11.18.
SOFI stock price is now -26.36% away from the 50-day moving average and 3.60% away from the 200-day moving average. The market capitalization of the company currently stands at $12.26B.
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 9,185 shares of the company’s stock on Feb 20 ’25. The stock was sold for $141,702 at an average price of $15.43. Upon completion of the transaction, the EVP, GBUL, SIPS now directly owns 169,626 shares in the company, valued at $1.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 18 ’25, Officer Schuppenhauer Eric bought 31,366 shares of the business’s stock. A total of $530,967 was incurred on buying the stock at an average price of $16.93. A total of 2.09% 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.
The net profit margin was 12.72% and return on equity was 8.26% for SOFI. The company reported revenue of $743.94 million for the quarter, compared to $645.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.3 percent. For the current quarter, analysts expect SOFI to generate $740.06M in revenue.
