SoFi Technologies (NASDAQ:SOFI – Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.080-0.090 for the period, compared to the consensus estimate of 0.080. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. SoFi Technologies also updated its Q2 2024 guidance to EPS.
SoFi Technologies Stock Performance
Shares of SOFI stock opened at $7.05 on Tuesday. The company’s fifty day simple moving average is $7.61 and its two-hundred day simple moving average is $7.88. SoFi Technologies has a 52 week low of $4.45 and a 52 week high of $11.70. The company has a current ratio of 1.04, a quick ratio of 0.23 and a debt-to-equity ratio of 1.00.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its earnings results on Monday, January 29th. The company reported $0.02 EPS for the quarter. SoFi Technologies had a negative return on equity of 1.23% and a negative net margin of 14.65%. The company had revenue of $615.40 million for the quarter, compared to the consensus estimate of $572.02 million. During the same period in the previous year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. As a group, research analysts predict that SoFi Technologies will post 0.08 EPS for the current year.
Analysts Set New Price Targets
Get Our Latest Research Report on SoFi Technologies
Insider Activity at SoFi Technologies
In other 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 completion of the transaction, the chief technology officer now directly owns 390,616 shares of the company’s stock, valued at $2,706,968.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by company insiders.
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.
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