The price of SoFi Technologies Inc (NASDAQ:SOFI) shares last traded on Wall Street fell -1.88% to $6.77.
SOFI stock price is now -6.31% away from the 50-day moving average and -13.75% away from the 200-day moving average. The market capitalization of the company currently stands at $7.16B.
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On April 05, 2024, Keefe Bruyette Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock increasing its target price from $6.50 to quote $7.50, while ‘Needham’ rates the stock as ‘Buy’
In other news, Noto Anthony, Chief Executive Officer bought 28,860 shares of the company’s stock on May 24 ’24. The stock was bought for $199,752 at an average price of $6.92. Upon completion of the transaction, the Chief Executive Officer now directly owns 8,091,129 shares in the company, valued at $54.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, Chief Executive Officer Noto Anthony bought 28,900 shares of the business’s stock. A total of $199,933 was incurred on buying the stock at an average price of $6.92. This leaves the insider owning 8,062,269 shares of the company worth $54.58 million. A total of 6.73% of the company’s stock is owned by insiders.
During the past 12 months, SoFi Technologies Inc has had a low of $6.41 and a high of $11.70. The fifty day moving average price for SOFI is $7.2129 and a two-hundred day moving average price translates $7.8417 for the stock.
The latest earnings results from SoFi Technologies Inc (NASDAQ: SOFI) was released for 2024-03-31. The net profit margin was -6.81% and return on equity was -3.05% for SOFI. The company reported revenue of $665.91 million for the quarter, compared to $371.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 79.22 percent.
