In the latest trading session, 5.39 million SoFi Technologies Inc (NASDAQ:SOFI) shares changed hands as the company’s beta touched 1.79. With the company’s most recent per share price at $15.36 changing hands around $0.07 or 0.48% at last look, the market valuation stands at $16.67B. SOFI’s current price is a discount, trading about -19.92% off its 52-week high of $18.42. The share price had its 52-week low at $6.01, which suggests the last value was 60.87% up since then. When we look at SoFi Technologies Inc’s average trading volume, we note the 10-day average is 54.51 million shares, with the 3-month average coming to 48.38 million.
Analysts gave the SoFi Technologies Inc (SOFI) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.95. If we narrow down to specifics, the data shows that 2 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended SOFI as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. SoFi Technologies Inc’s EPS for the current quarter is expected to be 0.04.
SoFi Technologies Inc (NASDAQ:SOFI) trade information
Instantly SOFI is in green as seen in intraday trades today. With action -3.92%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -0.24%, with the 5-day performance at -3.92% in the red. However, in the 30-day time frame, SoFi Technologies Inc (NASDAQ:SOFI) is 3.52% up. Looking at the short shares, we see there were 129.1 million shares sold at short interest cover period of 2.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need a downside of -18.15% from its recent market value. According to analyst projections, SOFI’s forecast low is 8.5 with 14 as the target high. To hit the forecast high, the stock’s price needs a 8.85% surge from its current level, while the stock would need to tank 44.66% for it to hit the projected low.
SoFi Technologies Inc (SOFI) estimates and forecasts
Data shows that the SoFi Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 134.91% over the past 6 months, a 86.67% in annual growth rate that is considerably higher than the industry average of 11.00%. Year-over-year growth is forecast to reach 21.79% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 742.5M. 7 analysts are of the opinion that SoFi Technologies Inc’s revenue for the current quarter will be 789.87M. The company’s revenue for the corresponding quarters a year ago was 580.65M and 596.97M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.87%. The estimates for the next quarter sales put growth at 32.31%.
The 2025 estimates are for SoFi Technologies Inc earnings to decrease by -33.06%, but the outlook for the next 5-year period is at 26.69% per year.
SOFI Dividends
SoFi Technologies Inc is expected to release its next quarterly earnings report in March.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.34% of SoFi Technologies Inc shares while 43.45% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.95%. There are 43.45% institutions holding the SoFi Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.1623% of the shares, roughly 90.03 million SOFI shares worth $595.1 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.6262% or 45.46 million shares worth $300.47 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 30.42 shares estimated at $464.11 million under it, the former controlled 2.80% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.21% of the shares, roughly 24.01 shares worth around $366.34 million.
