SoFi Technologies Inc (NASDAQ:SOFI)’s traded shares stood at 15.95 million during the latest session, with the company’s beta value hitting 1.78. At the last check today, the stock’s price was $16.13, to imply a decrease of -1.16% or -$0.19 in intraday trading. The SOFI share’s 52-week high remains $16.61, putting it -2.98% down since that peak but still an impressive 62.74% since price per share fell to its 52-week low of $6.01. The company has a valuation of $17.50B, with an average of 46.07 million shares in intraday trading volume over the past 10 days and average of 51.29 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for SoFi Technologies Inc (SOFI), translating to a mean rating of 2.84. Of 14 analyst(s) looking at the stock, 2 analyst(s) give SOFI a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.03.
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SoFi Technologies Inc (NASDAQ:SOFI) trade information
After registering a -1.16% downside in the latest session, SoFi Technologies Inc (SOFI) has traded red over the past five days. The 5-day price performance for the stock is 0.06%, and 41.24% over 30 days. With these gigs, the year-to-date price performance is 62.11%. Short interest in SoFi Technologies Inc (NASDAQ:SOFI) saw shorts transact 148.72 million shares and set a 2.35 days time to cover.
The extremes give us $8 and $13 for target low and target high price respectively. As such, SOFI has been trading 19.4% off suggested target high and 50.4% from its likely low.
SoFi Technologies Inc (SOFI) estimates and forecasts
Looking at statistics comparing SoFi Technologies Inc share performance against respective industry, we note that the company has outperformed competitors. SoFi Technologies Inc (SOFI) shares are 127.82% up over the last 6 months, with its year-to-date growth rate higher than industry average at 133.33% against 7.70%. The rating firms project that company’s revenue will grow 23.24% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 676.58M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 687.78M.Earnings reports from the last fiscal year show that sales brought in 594.25M and 580.65M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 13.86% before jumping 18.45% in the following quarter.
SOFI Dividends
SoFi Technologies Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
SoFi Technologies Inc insiders hold 3.20% of total outstanding shares, with institutional holders owning 46.65% of the shares at 48.19% float percentage. In total, 46.65% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 90.03 million shares (or 9.1623% of shares), all amounting to roughly $595.1 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 45.46 million shares, or about 4.6262% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $300.47 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the SoFi Technologies Inc (SOFI) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 30.42 shares. This is just over 2.80% of the total shares, with a market valuation of $487.69 million. Data from the same date shows that the other fund manager holds a little less at 24.01, or 2.21% of the shares, all valued at about 384.95 million.
