In yesterday’s Wall Street session, SoFi Technologies Inc (NASDAQ:SOFI) shares traded at $7.46, up 6.57% from the previous session.
SOFI stock price is now 8.92% away from the 50-day moving average and -0.78% away from the 200-day moving average. The market capitalization of the company currently stands at $7.95B.
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, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Pinto Arun, Officer bought 32,006 shares of the company’s stock on Aug 15 ’24. The stock was bought for $217,305 at an average price of $6.79. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20 ’24, Chief Technology Officer Rishel Jeremy sold 56,273 shares of the business’s stock. A total of $360,710 was realized by selling the stock at an average price of $6.41. This leaves the insider owning 453,464 shares of the company worth $3.38 million. A total of 5.02% of the company’s stock is owned by insiders.
During the past 12 months, SoFi Technologies Inc has had a low of $6.01 and a high of $10.49. The fifty day moving average price for SOFI is $6.8564 and a two-hundred day moving average price translates $7.5183 for the stock.
The latest earnings results from SoFi Technologies Inc (NASDAQ: SOFI) was released for 2024-06-30. The net profit margin was -4.51% and return on equity was -1.97% for SOFI. The company reported revenue of $674.6 million for the quarter, compared to $470.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.53 percent. For the current quarter, analysts expect SOFI to generate $631.47M in revenue.
