SoFi Technologies (NASDAQ:SOFI – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.090-0.100 for the period, compared to the consensus earnings per share estimate of 0.090. The company issued revenue guidance of $2.4 billion-$2.5 billion, compared to the consensus revenue estimate of $2.4 billion. SoFi Technologies also updated its FY24 guidance to $0.09-0.10 EPS.
SoFi Technologies Stock Performance
Shares of SOFI stock traded down $0.31 during trading on Friday, hitting $6.85. 8,592,271 shares of the stock traded hands, compared to its average volume of 46,903,023. SoFi Technologies has a 52-week low of $6.15 and a 52-week high of $10.49. The company has a quick ratio of 0.24, a current ratio of 0.93 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average price is $6.89 and its 200-day moving average price is $7.36.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.01 earnings per share for the quarter. SoFi Technologies had a negative net margin of 5.15% and a positive return on equity of 2.30%. The business had revenue of $598.60 million during the quarter, compared to analysts’ expectations of $565.19 million. During the same period last year, the business earned ($0.06) earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. Analysts anticipate that SoFi Technologies will post 0.09 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Research Report on SOFI
Insider Activity
In other SoFi Technologies news, Director Qatar Investment Authority sold 19,840,073 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.78, for a total transaction of $134,515,694.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CTO Jeremy Rishel sold 56,273 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $6.41, for a total value of $360,709.93. Following the sale, the chief technology officer now owns 453,464 shares of the company’s stock, valued at approximately $2,906,704.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Qatar Investment Authority sold 19,840,073 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.78, for a total value of $134,515,694.94. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
SoFi Technologies 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.
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