SoFi Technologies (SOFI) Set to Announce 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 registering for the company’s conference call can do so using this link.

SoFi Technologies (NASDAQ:SOFI) 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.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $6.93, for a total transaction of $389,971.89. Following the transaction, the chief technology officer now owns 390,616 shares in the company, valued at $2,706,968.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

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.

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.