The price of SoFi Technologies Inc (NASDAQ:SOFI) shares last traded on Wall Street rose 3.88% to $16.88.
SOFI stock price is now 31.44% away from the 50-day moving average and 95.87% away from the 200-day moving average. The market capitalization of the company currently stands at $18.72B.
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With the price target maintained at $12, BofA Securities recently Downgraded its rating from Neutral to Underperform for SoFi Technologies Inc (NASDAQ: SOFI). , while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Anthony Noto, Officer bought 2,000,000 shares of the company’s stock on Dec 16 ’24. The stock was bought for $33,760,000 at an average price of $16.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, EVP GBUL Borrow Schuppenhauer Eric bought 30,600 shares of the business’s stock. A total of $500,001 was incurred on buying the stock at an average price of $16.34. This leaves the insider owning 46,105 shares of the company worth $0.78 million. A total of 2.00% 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 $16.61. The fifty day moving average price for SOFI is $12.6722 and a two-hundred day moving average price translates $8.578525 for the stock.
The latest earnings results from SoFi Technologies Inc (NASDAQ: SOFI) was released for 2024-09-30. The net profit margin was 5.08% and return on equity was 3.73% for SOFI. The company reported revenue of $723.37 million for the quarter, compared to $564.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.2 percent.
