SoFi Technologies (SOFI) to Release Quarterly Earnings on Monday

SoFi Technologies (NASDAQ:SOFI) 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 participating in the company’s conference call can do so using this link.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Monday, January 29th. The company reported $0.02 earnings per share (EPS) for the quarter. SoFi Technologies had a negative net margin of 14.65% and a negative return on equity of 1.23%. The firm had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $572.02 million. During the same period last year, the business earned ($0.05) earnings per share. SoFi Technologies’s revenue was up 34.7% 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

SoFi Technologies stock opened at $7.87 on Friday. SoFi Technologies has a 12-month low of $4.45 and a 12-month high of $11.70. The stock has a market cap of $7.69 billion, a P/E ratio of -20.71 and a beta of 1.75. The company has a 50-day moving average price of $7.64 and a 200 day moving average price of $7.90. The company has a current ratio of 1.04, a quick ratio of 0.23 and a debt-to-equity ratio of 1.00.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the stock in a transaction that occurred 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 sale, the chief technology officer now owns 390,616 shares of the company’s stock, valued at $2,706,968.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on SOFI shares. Mizuho lowered their price objective on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. 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 price target for the company. Jefferies Financial Group decreased their price target on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. Citigroup assumed coverage on shares of SoFi Technologies in a research report on Monday, April 8th. They set a “buy” rating and a $11.00 price objective for the company. Finally, Needham & Company LLC started coverage on shares of SoFi Technologies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $10.00 price objective for the company. Three equities 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.08.

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.