SoFi Technologies (SOFI) Projected to Post Earnings on Monday

SoFi Technologies (NASDAQ:SOFI - Get Free Report) is projected to release its earnings data before the market opens on Monday, January 27th. Analysts expect SoFi Technologies to post earnings of $0.04 per share and revenue of $678,525.45 billion for the quarter. SoFi Technologies has set its FY 2024 guidance at 0.110-0.120 EPS and its FY24 guidance at $0.11-0.12 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $697.10 million during the quarter, compared to analysts' expectations of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. SoFi Technologies's quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) EPS. On average, analysts expect SoFi Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SoFi Technologies Trading Down 0.6 %

Shares of SoFi Technologies stock traded down $0.11 on Friday, hitting $17.92. The stock had a trading volume of 54,690,867 shares, compared to its average volume of 34,407,028. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. SoFi Technologies has a one year low of $6.01 and a one year high of $18.42. The stock's 50-day simple moving average is $15.71 and its two-hundred day simple moving average is $11.05. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 179.22, a PEG ratio of 1.19 and a beta of 1.78.

Insider Activity

In other news, CTO Jeremy Rishel sold 64,991 shares of SoFi Technologies stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $15.72, for a total value of $1,021,658.52. Following the completion of the transaction, the chief technology officer now owns 586,494 shares of the company's stock, valued at $9,219,685.68. The trade was a 9.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 9,590 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total transaction of $139,630.40. Following the sale, the executive vice president now directly owns 142,613 shares in the company, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,008,870 shares of company stock worth $416,950,073. Corporate insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SOFI. Keefe, Bruyette & Woods reissued an "underperform" rating and issued a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Jefferies Financial Group raised their target price on SoFi Technologies from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. The Goldman Sachs Group upped their price target on SoFi Technologies from $7.50 to $8.50 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Citigroup lifted their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Mizuho boosted their target price on SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $11.71.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.