SoFi Technologies Inc. (NASDAQ:SOFI) Is Down -9.60 Percent Over The Past 30 Days: What’s Next? – Marketing Sentinel
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SoFi Technologies Inc. (NASDAQ:SOFI) Is Down -9.60 Percent Over The Past 30 Days: What’s Next?

In last trading session, SoFi Technologies Inc. (NASDAQ:SOFI) saw 29.57 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $13.09 trading at -$0.77 or -5.56% at ring of the bell on the day assigns it a market valuation of $10.59B. That closing price of SOFI’s stock is at a discount of -115.89% from its 52-week high price of $28.26 and is indicating a premium of 2.06% from its 52-week low price of $12.82. Taking a look at company’s average trading volume of 30.97 million if we extend that period to 3-months.

For SoFi Technologies Inc. (SOFI), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.90. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.15 in the current quarter.

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SoFi Technologies Inc. (NASDAQ:SOFI) trade information

Upright in the red during last session for losing -5.56%, in the last five days SOFI remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $13.09 price level, adding 9.22% to its value on the day. SoFi Technologies Inc.’s shares saw a change of -17.20% in year-to-date performance and have moved -5.01% in past 5-day. SoFi Technologies Inc. (NASDAQ:SOFI) showed a performance of -9.60% in past 30-days.

Wall Street analysts have assigned a consensus price target of $23.88 to the stock, which implies a rise of 45.18% to its current value. Analysts have been projecting $18.00 as a low price target for the stock while placing it at a high target of $30.00. It follows that stock’s current price would drop -129.18% in reaching the projected high whereas dropping to the targeted low would mean a loss of -37.51% for stock’s current value.

SoFi Technologies Inc. (SOFI) estimates and forecasts

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $277.37 million for the same. And 4 analysts are in estimates of company making revenue of $311.2 million in the next quarter that will end on Mar 2022.

In 2022, company’s earnings growth rate is likely to be around -20.30% while estimates for its earnings growth in next 5 years are of 47.00%.

SOFI Dividends

SoFi Technologies Inc. is more likely to be releasing its next quarterly report on November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

SoFi Technologies Inc. (NASDAQ:SOFI)’s Major holders

Insiders are in possession of 21.73% of company’s total shares while institution are holding 29.14 percent of that, with stock having share float percentage of 37.22%. Investors also watch the number of corporate investors in a company very closely, which is 29.14% institutions for SoFi Technologies Inc. that are currently holding shares of the company. Softbank Group Corporation is the top institutional holder at SOFI for having 117.8 million shares of worth $1.87 billion. And as of Sep 29, 2021, it was holding 14.60% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 47.35 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 5.87% of outstanding shares, having a total worth of $751.87 million.

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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 15.76 million shares of worth $250.3 million or 1.95% of the total outstanding shares. The later fund manager was in possession of 13.87 million shares on Sep 29, 2021, making its stake of worth around $220.33 million in the company or a holder of 1.72% of company’s stock.

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