SoFi Technologies Inc (NASDAQ:SOFI) has a beta value of 1.79 and has seen 10.73 million shares traded in the recent trading session. The company, currently valued at $17.39B, closed the recent trade at $16.02 per share which meant it lost -$0.15 on the day or -0.90% during that session. The SOFI stock price is -14.98% off its 52-week high price of $18.42 and 62.48% above the 52-week low of $6.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 53.45 million shares traded. The 3-month trading volume is 51.75 million shares.
The consensus among analysts is that SoFi Technologies Inc (SOFI) is Hold stock at the moment, with a recommendation rating of 2.95. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 14 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.04.
SoFi Technologies Inc (NASDAQ:SOFI) trade information
Sporting -0.90% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SOFI stock price touched $16.02 or saw a rise of 13.03%. Year-to-date, SoFi Technologies Inc shares have moved 4.06%, while the 5-day performance has seen it change -8.90%. Over the past 30 days, the shares of SoFi Technologies Inc (NASDAQ:SOFI) have changed -3.46%. Short interest in the company has seen 129.1 million shares shorted with days to cover at 2.85.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could drop -23.23% from the levels at last check today. The projected low price target is $8.5 while the price target rests at a high of $14.0. In that case, then, we find that the latest price level in today’s session is 12.61% off the targeted high while a plunge would see the stock lose 46.94% from the levels at last check today.
SoFi Technologies Inc (SOFI) estimates and forecasts
Figures show that SoFi Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 118.62% over the past 6 months, with this year growth rate of 86.67%, compared to 10.20% for the industry. Revenue growth from the last financial year stood is estimated to be 21.18%.
7 analysts offering their estimates for the company have set an average revenue estimate of 742.5M for the current quarter. 7 have an estimated revenue figure of 789.87M for the next ending quarter. Year-ago sales stood 580.65M and 596.97M respectively for this quarter and the next, and analysts expect sales will grow by 27.87% for the current quarter and 21.18% for the next.
Earnings growth for 2025 is a modest -32.15% while over the next 5 years, the company’s earnings are expected to increase by 27.48%.
SOFI Dividends
SoFi Technologies Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
Insiders own 3.34% of the company shares, while shares held by institutions stand at 43.45% with a share float percentage of 44.95%. Investors are also buoyed by the number of investors in a company, with SoFi Technologies Inc having a total of 770.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 90.03 million shares worth more than $595.1 million. As of 2024-06-30, VANGUARD GROUP INC held 9.1623% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 45.46 million shares as of 2024-06-30. The firm’s total holdings are worth over $300.47 million and represent 4.6262% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.80% shares in the company for having 30.42 shares of worth $485.75 million while later fund manager owns 24.01 shares of worth $383.42 million as of Sep 30, 2024, which makes it owner of about 2.21% of company’s outstanding stock.
