SoFi Technologies (SOFI) Set to Announce Quarterly Earnings on Monday

SoFi Technologies (NASDAQ:SOFI) is set to issue its quarterly earnings data before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, January 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $615.40 million for the quarter, compared to analyst estimates of $572.02 million. SoFi Technologies had a negative net margin of 14.65% and a negative return on equity of 1.23%. SoFi Technologies’s revenue was up 34.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. 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 %

Shares of NASDAQ SOFI opened at $7.87 on Friday. The firm has a market cap of $7.69 billion, a PE ratio of -20.71 and a beta of 1.75. SoFi Technologies has a 12-month low of $4.45 and a 12-month high of $11.70. The company’s fifty day simple moving average is $7.64 and its 200 day simple moving average is $7.90. The company has a quick ratio of 0.23, a current ratio of 1.04 and a debt-to-equity ratio of 1.00.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Needham & Company LLC began coverage on shares of SoFi Technologies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $10.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SoFi Technologies in a research note on Wednesday, January 10th. They issued a “hold” rating and a $11.00 target price for the company. Citigroup assumed coverage on shares of SoFi Technologies in a research report on Monday, April 8th. They issued a “buy” rating and a $11.00 price objective for the company. Wedbush restated an “underperform” rating and issued a $3.00 price objective on shares of SoFi Technologies in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group increased their price target on shares of SoFi Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.08.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $6.93, for a total value of $389,971.89. Following the completion of the transaction, the chief technology officer now directly owns 390,616 shares in the company, valued at approximately $2,706,968.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.

About SoFi Technologies

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.