With over 30.4 million SoFi Technologies Inc. (SOFI) shares trading Friday and a closing price of $9.07 on the day, the dollar volume was approximately $275.74 million. The shares have shown a positive half year performance of 66.42% and its price on 09/15/23 gained nearly 0.22%. Currently, there are 936.57M common shares owned by the public and among those 854.70M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 20 analysts who have offered their price forecasts for SOFI have a consensus price objective of $10.32. The analysts have set the share’s price value over the next 12 months at a high of $16.00 and a low of $3.00. The average price target is 11.6% above its recent price level and a downside to the estimated low will see the stock lose -202.33% over that period. But an upside of 43.31% will see the stock hit the forecast high price target while median target price for the stock is $10.00.
Insiders at the company have transacted a total of 94 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 54 of these insider trades were purchases, accounting for 7,325,705 shares. Insider sales of the common stock occurred on 40 occasions, with total insider shares sold totaling 3,243,263 shares.
Shares of SoFi Technologies Inc. (NASDAQ: SOFI) opened at $9.00, down -$0.05 from a prior closing price of $9.05. However, the script later moved the day high at 9.14, up 0.22%. The company’s stock has a 5-day price change of 6.08% and -5.03% over the past three months. SOFI shares are trading 96.75% year to date (YTD), with the 12-month market performance up to 47.00% higher. It has a 12-month low price of $4.24 and touched a high of $11.70 over the same period. SOFI has an average intraday trading volume of 39.89 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.30%, 1.08%, and 33.92% respectively.
Institutional ownership of SoFi Technologies Inc. (NASDAQ: SOFI) shares accounts for 34.60% of the company’s 936.57M shares outstanding.
It has a market capitalization of $8.60B and a beta (3y monthly) value of 1.88. The earnings-per-share (ttm) stands at -$0.26. The company has a debt-to-equity ratio at 1.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.59% over the week and 3.98% over the month.
Analysts forecast that SoFi Technologies Inc. (SOFI) will achieve an EPS of -$0.07 for the current quarter, -$0.01 for the next quarter and $0.03 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.1 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 59.80%, and 115.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 20 brokerage firm advisors rate SoFi Technologies Inc. (SOFI) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 9 of the 20 advise that investors “hold,” and 4 rated it as a “Sell.”
Looking at the support for the SOFI, a number of firms have released research notes about the stock. Mizuho stated their Buy rating for the stock in a research note on August 02, 2023, with the firm’s price target at $9-$15.