In the latest trading session, 6.92 million SoFi Technologies Inc (NASDAQ:SOFI) shares changed hands as the company’s beta touched 1.84. With the company’s most recent per share price at $11.93 changed hands at -$0.39 or -3.17% at last look, the market valuation stands at $13.08B. SOFI’s current price is a discount, trading about -54.4% 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 49.62% up since then. When we look at SoFi Technologies Inc’s average trading volume, we note the 10-day average is 52.34 million shares, with the 3-month average coming to 45.65 million.
Analysts gave the SoFi Technologies Inc (SOFI) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.89. 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 was in red as seen in intraday trades today. With action 5.95%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -22.53%, with the 5-day performance at 5.95% in the green. However, in the 30-day time frame, SoFi Technologies Inc (NASDAQ:SOFI) is -26.40% down. Looking at the short shares, we see there were 131.89 million shares sold at short interest cover period of 3.06 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 8.23% 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 -17.35% plunge from its current level, while the stock would need to tank 28.75% 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 8 financial analysts project the company’s revenue in the current quarter to hit an average of 740.06M. 8 analysts are of the opinion that SoFi Technologies Inc’s revenue for the current quarter will be 797.26M. 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 27.45%. The estimates for the next quarter sales put growth at 33.55%.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.31% of SoFi Technologies Inc shares while 47.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 49.57%. There are 47.93% 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 Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 32.38 shares estimated at $386.62 million under it, the former controlled 2.95% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.39% of the shares, roughly 26.26 shares worth around $313.5 million.
