In the latest trading session, 10.45 million SoFi Technologies Inc (NASDAQ:SOFI) shares changed hands as the company’s beta touched 1.81. With the company’s most recent per share price at $14.46 changing hands around $0.54 or 3.85% at last look, the market valuation stands at $15.85B. SOFI’s current price is a discount, trading about -27.39% 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 58.44% up since then.
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 -10.66%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -6.13%, with the 5-day performance at -10.66% in the red. However, in the 30-day time frame, SoFi Technologies Inc (NASDAQ:SOFI) is -10.10% down.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need a downside of -11.23% 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 3.18% surge from its current level, while the stock would need to tank 41.22% for it to hit the projected low.
SoFi Technologies Inc (SOFI) estimates and forecasts
Year-over-year growth is forecast to reach 22.47% 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 740.36M. 7 analysts are of the opinion that SoFi Technologies Inc’s revenue for the current quarter will be 798.3M. 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 27.51%. The estimates for the next quarter sales put growth at 33.73%.
The 2025 estimates are for SoFi Technologies Inc earnings to decrease by -33.56%, but the outlook for the next 5-year period is at 26.69% per year.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
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 $441.75 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 $348.69 million.
