In yesterday’s Wall Street session, SoFi Technologies Inc (NASDAQ:SOFI) shares traded at $7.53, down -5.76% from the previous session.
SOFI stock price is now 7.39% away from the 50-day moving average and 0.05% away from the 200-day moving average. The market capitalization of the company currently stands at $8.03B.
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, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Keough Kelli, EVP, GBUL, SIPS sold 24,939 shares of the company’s stock on Aug 22 ’24. The stock was sold for $180,952 at an average price of $7.26. Upon completion of the transaction, the EVP, GBUL, SIPS now directly owns 114,407 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22 ’24, Affiliate Kelli Allen Keough bought 24,939 shares of the business’s stock. A total of $182,055 was incurred on buying the stock at an average price of $7.30. A total of 4.94% 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 $7.0362 and a two-hundred day moving average price translates $7.52615 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.
SoFi Technologies Inc(SOFI) 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. It offers personal loans, student loans, home loans, and related services. The company also operates Galileo, a technology platform that offers services to financial and non-financial institution; and Technisys, a cloud-native digital and core banking platform with financial services customers. In addition, it provides SoFi Money offers checking and savings accounts, debit cards, and cash management products; and SoFi Invest, a mobile-first investment platform that provides access to trading and advisory solutions, such as investing and robo-advisory. Further, the company offers SoFi Credit Card that provides cash backs on every purchase; Sofi Relay, a personal finance management product that allows to track all of their financial accounts comprising credit score and spending behaviors; SoFi Protect, which offers insurance product; SoFi Travel, an application that manages travel search and booking experience; SoFi At Work provides financial benefits to employees, including student loan payments made on their employees’ behalf; Lantern Credit, a financial services marketplace platform for seeking alternative products and provide product comparisons; and other lending as a service that offers pre-qualified borrower referrals and sells loans to third-party partner. The company was founded in 2011 and is based in San Francisco, California.
