SoFi Technologies Inc. (SOFI) Performance and Fundamentals Dashboard tells a completely different story

SoFi Technologies Inc. (NASDAQ: SOFI) stock jumped 0.38% on Wednesday to $5.31 against a previous-day closing price of $5.29. With 23.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 35.77 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $5.33 whereas the lowest price it dropped to was $5.13. The 52-week range on SOFI shows that it touched its highest point at $8.52 and its lowest point at $4.24 during that stretch. It currently has a 1-year price target of $7.23.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SOFI was up-trending over the past week, with a rise of 7.06%, but this was down by -7.65% over a month. Three-month performance dropped to -18.93% while six-month performance rose 9.03%. The stock lost -26.96% in the past year, while it has gained 15.18% so far this year. A look at the trailing 12-month EPS for SOFI yields -0.31 with Next year EPS estimates of 0.02. For the next quarter, that number is -0.06. This implies an EPS growth rate of 59.80% for this year and 111.10% for next year.

Float and Shares Shorts:

At present, 929.27 million SOFI shares are outstanding with a float of 870.74 million shares on hand for trading. On Apr 27, 2023, short shares totaled 97.13 million, which was 10.33% higher than short shares on Mar 30, 2023. In addition to Mr. George Thompson Hutton as the firm’s Independent Non Exec. Chairman, Mr. Anthony J. Noto serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 37.27% of SOFI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 21.13% of SOFI, in contrast to 15.83% held by mutual funds. Shares owned by individuals account for 14.55%. As the largest shareholder in SOFI with 7.34% of the stake, The Vanguard Group, Inc. holds 68,567,281 shares worth 68,567,281. A second-largest stockholder of SOFI, BlackRock Fund Advisors, holds 32,824,738 shares, controlling over 3.51% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in SOFI, holding 12,112,737 shares or 1.30% stake. With a 2.48% stake in SOFI, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 23,194,472 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.09% of SOFI stock, is the second-largest Mutual Fund holder. It holds 19,546,823 shares valued at 121.78 million. Vanguard Extended Market Index Fu holds 1.22% of the stake in SOFI, owning 11,441,773 shares worth 71.28 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SOFI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SOFI analysts setting a high price target of $10.00 and a low target of $2.50, the average target price over the next 12 months is $7.08. Based on these targets, SOFI could surge 88.32% to reach the target high and fall by -52.92% to reach the target low. Reaching the average price target will result in a growth of 33.33% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SOFI stock several times over the past three months with 12 Buys and 10 Sells. In these transactions, 1,659,364 shares were bought while 741,781 shares were sold. The number of buy transactions has increased to 71 while that of sell transactions has risen to 52 over the past year. The total number of shares bought during that period was 7,673,240 while 14,893,071 shares were sold.

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