SoFi Technologies (SOFI) Expected to Announce Earnings on Monday

SoFi Technologies (NASDAQ:SOFI) will likely be posting its quarterly earnings results 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 that wish to listen to the company’s earnings conference call can do so using this link.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The firm had revenue of $697.10 million for the quarter, compared to analysts’ expectations of $631.59 million. During the same period in the previous year, the firm posted ($0.03) EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. 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 Stock Down 0.6 %

SOFI stock opened at $17.92 on Friday. The business has a 50 day moving average of $15.71 and a 200 day moving average of $11.05. The firm has a market cap of $19.45 billion, a PE ratio of 179.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.78. SoFi Technologies has a twelve month low of $6.01 and a twelve month high of $18.42. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

Analyst Upgrades and Downgrades

SOFI has been the subject of several analyst reports. Morgan Stanley raised their price target on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a report on Thursday, December 19th. Citigroup upped their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Barclays raised their price target on shares of SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America reaffirmed an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. Finally, Needham & Company LLC lifted their target price on SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.71.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the transaction, the executive vice president now directly owns 178,811 shares in the company, valued at approximately $3,143,497.38. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total value of $386,417,705.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is owned by insiders.

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.