Currently, there are 975.86M common shares owned by the public and among those 886.40M shares have been available to trade.
Insiders at the company have transacted a total of 83 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 5,915,174 shares. Insider sales of the common stock occurred on 37 occasions, with total insider shares sold totaling 3,682,453 shares.
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However, the script later moved the day high at 8.37, up 0.12%. The company’s stock has a 5-day price change of -4.22% and 21.58% over the past three months. SOFI shares are trading -17.89% year to date (YTD), with the 12-month market performance up to 24.92% higher. It has a 12-month low price of $4.45 and touched a high of $11.70 over the same period. SOFI has an average intraday trading volume of 51.48 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 0.89%, -3.63%, and 1.32% respectively.
Institutional ownership of SoFi Technologies Inc (NASDAQ: SOFI) shares accounts for 36.05% of the company’s 975.86M shares outstanding.
It has a market capitalization of $7.83B and a beta (3y monthly) value of 1.77. The earnings-per-share (ttm) stands at -$0.35. The company has a debt-to-equity ratio at 0.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.28% over the week and 4.86% over the month.
Analysts forecast that SoFi Technologies Inc (SOFI) will achieve an EPS of $0.01 for the current quarter, $0.01 for the next quarter and $0.25 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.04. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 118.82%, and 281.26% over the next financial year.
Looking at the support for the SOFI, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on January 31, 2024, with the firm’s price target at $7-$6.50. Keefe Bruyette was of a view on January 03, 2024 that the stock is Underperform, while Barclays gave the stock Equal Weight rating on November 15, 2023, issuing a price target of $8. Morgan Stanley on their part issued Equal-Weight rating on October 31, 2023.
