In today’s recent session, 6.33 million shares of the SoFi Technologies Inc (NASDAQ:SOFI) have been traded, and its beta is 1.79. Most recently the company’s share price was $15.20, and it changed around $0.07 or 0.46% from the last close, which brings the market valuation of the company to $16.49B. SOFI at last check was trading at a discount to its 52-week high of $18.42, offering almost -21.18% off that amount. The share price’s 52-week low was $6.01, which indicates that the recent value has risen by an impressive 60.46% since then. We note from SoFi Technologies Inc’s average daily trading volume that its 10-day average is 38.58 million shares, with the 3-month average coming to 46.43 million.
SoFi Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.95. If we narrow it down even further, the data shows that 3 out of 19 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 8 recommended SOFI as a Hold, whereas 4 deemed it a Buy, and 3 rated it as Underweight. SoFi Technologies Inc is expected to report earnings per share of 0.04 for the current quarter.
SoFi Technologies Inc (NASDAQ:SOFI) trade information
Instantly SOFI has been showing a green trend so far today with a performance of 0.46% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 15.56 on recent trading dayincreased the stock’s daily price by 2.31%. The company’s shares are currently down -1.30% year-to-date, but still down -0.59% over the last five days. On the other hand, SoFi Technologies Inc (NASDAQ:SOFI) is 7.42% up in the 30-day period. We can see from the shorts that 129.1 million shares have been sold at a short interest cover period of 2.85 day(s).
The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to decrease their stock price by -16.92% from its current value. Analyst projections state that SOFI is forecast to be at a low of $8.5 and a high of $14.
SoFi Technologies Inc (SOFI) estimates and forecasts
The year-over-year growth rate is expected to be 22.25%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 740.36M in revenue for the current quarter. 7 analysts expect SoFi Technologies Inc to make 798.29M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 580.65M and 596.97M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 27.51%. Forecasts for the next quarter put sales growth at 33.73%.
SoFi Technologies Inc earnings are expected to increase by -33.52% in 2025, but the outlook is positive 26.69% per year for the next five years.
SOFI Dividends
SoFi Technologies Inc’s next quarterly earnings report is expected to be released in March.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.34% of SoFi Technologies Inc shares, and 43.45% of them are in the hands of institutional investors. The stock currently has a share float of 44.95%. SoFi Technologies Inc stock is held by 770.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.1623% of the shares, which is about 90.03 million shares worth $595.1 million.
BLACKROCK INC., with 4.6262% or 45.46 million shares worth $300.47 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 30.42 shares worth $459.85 million, making up 2.80% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 24.01 shares worth around $362.98 million, which represents about 2.21% of the total shares outstanding.
