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SoFi Technologies Inc (SOFI) Looks Ready for Growth Despite -27.64% Change This Year

SoFi Technologies Inc (NASDAQ: SOFI) is -27.64% lower on its value in year-to-date trading and has touched a low of $4.45 and a high of $11.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SOFI stock was last observed hovering at around $7.22 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $7.20, the stock is -2.49% and -8.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 29.55 million and changing -0.28% at the moment leaves the stock -12.78% off its SMA200. SOFI registered 25.87% gain for a year compared to 6-month gain of -9.89%.

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The stock witnessed a -19.91% loss in the last 1 month and extending the period to 3 months gives it a -27.64%, and is -3.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.21% over the week and 4.60% over the month.

SoFi Technologies Inc (SOFI) has around 4400 employees, a market worth around $7.03B and $2.91B in sales. Fwd P/E is 28.40. Profit margin for the company is -11.72%. Distance from 52-week low is 61.80% and -38.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.13%).

SoFi Technologies Inc quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $554.31M over the same period.The EPS is expected to grow by 119.40% this year, but quarterly earnings will post 13.60% year-over-year. Quarterly sales are estimated to grow 20.50% in year-over-year returns.

SoFi Technologies Inc (SOFI) Top Institutional Holders

689 institutions hold shares in SoFi Technologies Inc (SOFI), with institutional investors hold 38.54% of the company’s shares. The shares outstanding are 975.86M, and float is at 903.69M with Short Float at 23.23%. Institutions hold 37.18% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 73.83 million shares valued at $615.78 million. The investor’s holdings represent 7.77% of the SOFI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 38.12 million shares valued at $317.94 million to account for 4.01% of the shares outstanding. The other top investors are Silver Lake Group, LLC which holds 31.15 million shares representing 3.28% and valued at over $259.83 million, while Shaw D.E. & Co., Inc. holds 1.64% of the shares totaling 15.54 million with a market value of $129.58 million.

SoFi Technologies Inc (SOFI) Insider Activity

The most recent transaction is an insider sale by Rishel Jeremy,the company’sChief Technology Officer. SEC filings show that Rishel Jeremy sold 56,273 shares of the company’s common stock on Mar 19 ’24 at a price of $6.93 per share for a total of $0.39 million. Following the sale, the insider now owns 0.39 million shares.

SoFi Technologies Inc disclosed in a document filed with the SEC on Dec 19 ’23 that Rishel Jeremy (Chief Technology Officer) sold a total of 56,273 shares of the company’s common stock. The trade occurred on Dec 19 ’23 and was made at $9.78 per share for $0.55 million. Following the transaction, the insider now directly holds 0.34 million shares of the SOFI stock.

Still, SEC filings show that on Nov 21 ’23, Noto Anthony (Chief Executive Officer) acquired 22,500 shares at an average price of $6.50 for $0.15 million. The insider now directly holds 7,261,789 shares of SoFi Technologies Inc (SOFI).

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