SoFi Technologies Inc (NASDAQ: SOFI) is 38.89% higher on its value in year-to-date trading and has touched a low of $6.01 and a high of $14.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SOFI stock was last observed hovering at around $14.11 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $13.82, the stock is 22.58% and 48.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 60.68 million and changing -2.06% at the moment leaves the stock 77.14% off its SMA200. SOFI registered 99.14% gain for a year compared to 6-month gain of 85.01%. The firm has a 50-day simple moving average (SMA 50) of $9.1986 and a 200-day simple moving average (SMA200) of $7.778325.
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The stock witnessed a 37.65% loss in the last 1 month and extending the period to 3 months gives it a 109.08%, and is 21.02% up 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 5.50% over the week and 4.99% over the month.
SoFi Technologies Inc (SOFI) has around 4400 employees, a market worth around $15.00B and $3.63B in sales. Current P/E ratio is 116.82 and Fwd P/E is 49.07. Profit margin for the company is 5.08%. Distance from 52-week low is 129.95% and -4.29% from its 52-week high. The company has generated returns on investments over the last 12 months (1.96%).
with sales reaching $673.04M over the same period.The EPS is expected to grow by 133.28% this year, but quarterly earnings will post 22.70% year-over-year. Quarterly sales are estimated to grow 13.30% in year-over-year returns.
SoFi Technologies Inc (SOFI) Top Institutional Holders
731.0 institutions hold shares in SoFi Technologies Inc (SOFI), with institutional investors hold 44.12% of the company’s shares. The shares outstanding are 1.09B, and float is at 1.03B with Short Float at 15.74%. Institutions hold 42.71% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 90.03 million shares valued at $595.1 million. The investor’s holdings represent 9.1623% of the SOFI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 45.46 million shares valued at $300.47 million to account for 4.6262 of the shares outstanding. The other top investors are SILVER LAKE GROUP, L.L.C. which holds 31.15 million shares representing 3.1705% and valued at over $205.93 million, while CITADEL ADVISORS LLC holds 2.0088 of the shares totaling 19.74 million with a market value of $130.47 million.
SoFi Technologies Inc (SOFI) Insider Activity
The most recent transaction is an insider sale by Keough Kelli, the company’s EVP, GBUL, SIPS. SEC filings show that Keough Kelli sold 9,308 shares of the company’s common stock on Oct 21 ’24 at a price of $10.36 per share for a total of $96458.0. Following the sale, the insider now owns 0.15 million shares.
SoFi Technologies Inc disclosed in a document filed with the SEC on Sep 23 ’24 that Keough Kelli (EVP, GBUL, SIPS) sold a total of 9,308 shares of the company’s common stock. The trade occurred on Sep 23 ’24 and was made at $7.99 per share for $74343.0. Following the transaction, the insider now directly holds 0.16 million shares of the SOFI stock.
Still, SEC filings show that on Sep 20 ’24, Rishel Jeremy (Chief Technology Officer) disposed off 68,081 shares at an average price of $8.12 for $0.55 million. The insider now directly holds 521,505 shares of SoFi Technologies Inc (SOFI).
