SoFi Technologies (NASDAQ:SOFI – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its earnings results on Monday, January 29th. The company reported $0.02 earnings per share for the quarter. SoFi Technologies had a negative return on equity of 1.23% and a negative net margin of 14.65%. The business had revenue of $615.40 million during the quarter, compared to the consensus estimate of $572.02 million. During the same period in the previous year, the business earned ($0.05) EPS. The business’s quarterly revenue was up 34.7% on a year-over-year basis. On average, analysts expect SoFi Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
SoFi Technologies Stock Up 3.7 %
SoFi Technologies stock opened at $7.87 on Friday. The stock has a 50-day simple moving average of $7.64 and a 200-day simple moving average of $7.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.23 and a current ratio of 1.04. The company has a market capitalization of $7.69 billion, a P/E ratio of -20.71 and a beta of 1.75. SoFi Technologies has a fifty-two week low of $4.45 and a fifty-two week high of $11.70.
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Analyst Upgrades and Downgrades
SOFI has been the subject of several analyst reports. Needham & Company LLC initiated coverage on SoFi Technologies in a research note on Wednesday, April 3rd. They set a “buy” rating and a $10.00 price objective for the company. Jefferies Financial Group reduced their price objective on SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. The Goldman Sachs Group upped their price objective on SoFi Technologies from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods raised SoFi Technologies from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $6.50 to $7.50 in a research note on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on SoFi Technologies in a research note on Wednesday, January 10th. They set a “hold” rating and a $11.00 target price for the company. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.08.
Get Our Latest Research Report on SOFI
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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