SoFi Technologies (SOFI) to Release Quarterly Earnings on Tuesday

SoFi Technologies (NASDAQ:SOFI - Get Free Report) will announce its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. SoFi Technologies had a positive return on equity of 2.25% and a negative net margin of 5.15%. The business had revenue of $598.60 million during the quarter, compared to analysts' expectations of $565.19 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The business's revenue was up 20.2% compared to the same quarter last year. 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 Price Performance

Shares of NASDAQ SOFI traded up $0.18 during trading on Tuesday, hitting $10.58. The company had a trading volume of 36,372,104 shares, compared to its average volume of 45,840,785. SoFi Technologies has a fifty-two week low of $6.01 and a fifty-two week high of $10.62. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $7.99 and a two-hundred day simple moving average of $7.35. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of -34.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.70.

Insider Buying and Selling

In other news, CTO Jeremy Rishel sold 68,081 shares of SoFi Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $8.12, for a total value of $552,817.72. Following the transaction, the chief technology officer now directly owns 521,505 shares of the company's stock, valued at $4,234,620.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CTO Jeremy Rishel sold 68,081 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $8.12, for a total value of $552,817.72. Following the completion of the sale, the chief technology officer now owns 521,505 shares in the company, valued at approximately $4,234,620.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 9,308 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $7.99, for a total value of $74,370.92. Following the transaction, the executive vice president now directly owns 161,511 shares in the company, valued at $1,290,472.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,328 shares of company stock valued at $808,246. Insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SOFI shares. Needham & Company LLC reissued a "buy" rating and issued a $10.00 target price on shares of SoFi Technologies in a research note on Wednesday, July 31st. Citigroup lowered SoFi Technologies from a "strong-buy" rating to a "hold" rating in a research note on Friday. Barclays decreased their price target on shares of SoFi Technologies from $10.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods dropped their target price on SoFi Technologies from $7.50 to $7.00 and set a "market perform" rating on the stock in a report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $9.25.

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.