SoFi Technologies (SOFI) to Release Earnings on Monday

SoFi Technologies (NASDAQ:SOFIGet Free Report) is expected to release its earnings data before the market opens on Monday, January 27th. Analysts expect SoFi Technologies to post earnings of $0.04 per share and revenue of $678,525.45 billion for the quarter. SoFi Technologies has set its FY 2024 guidance at 0.110-0.120 EPS and its FY24 guidance at $0.11-0.12 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

SoFi Technologies (NASDAQ:SOFIGet Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The business’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. On average, analysts expect SoFi Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SoFi Technologies Trading Down 0.6 %

SOFI opened at $17.92 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. SoFi Technologies has a 52 week low of $6.01 and a 52 week high of $18.42. The business’s 50 day moving average is $15.71 and its two-hundred day moving average is $11.02. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 179.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.78.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a research report on Friday. Needham & Company LLC increased their target price on shares of SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays boosted their price target on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley upped their price target on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research note on Thursday, December 19th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.71.

Get Our Latest Stock Analysis on SoFi Technologies

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 64,991 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $15.72, for a total value of $1,021,658.52. Following the sale, the chief technology officer now owns 586,494 shares of the company’s stock, valued at $9,219,685.68. This represents a 9.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelli Keough sold 9,590 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the transaction, the executive vice president now directly owns 142,613 shares of the company’s stock, valued at approximately $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,008,870 shares of company stock valued at $416,950,073. Corporate insiders own 2.60% of the company’s stock.

About SoFi Technologies

(Get Free Report)

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. 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.

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Earnings History for SoFi Technologies (NASDAQ:SOFI)

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