SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) CTO Jeremy Rishel sold 68,081 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $8.12, for a total transaction of $552,817.72. Following the sale, the chief technology officer now directly owns 521,505 shares of the company’s stock, valued at $4,234,620.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
SoFi Technologies Stock Up 0.4 %
SoFi Technologies stock opened at $7.76 on Friday. The firm has a market cap of $8.20 billion, a PE ratio of -25.03, a P/E/G ratio of 1.60 and a beta of 1.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.88. The firm’s 50 day moving average price is $7.36 and its two-hundred day moving average price is $7.16. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $10.49.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $598.60 million for the quarter, compared to analyst estimates of $565.19 million. SoFi Technologies had a negative net margin of 5.15% and a positive return on equity of 2.25%. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) EPS. On average, research analysts predict that SoFi Technologies, Inc. will post 0.1 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several analysts recently commented on the stock. BTIG Research assumed coverage on shares of SoFi Technologies in a research note on Friday, June 7th. They set a “neutral” rating for the company. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of SoFi Technologies in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods cut their price target on shares of SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Finally, Barclays cut their price target on shares of SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.14.
Get Our Latest Analysis on SoFi Technologies
About SoFi Technologies
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.
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