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SoFi Technologies (SOFI) will release its results on Tuesday

SoFi Technologies (NASDAQ: SOFI – Get a rating) is expected to release earnings data after the market closes on Tuesday, May 10. Analysts expect SoFi Technologies to post earnings of ($0.14) per share for the quarter. SoFi Technologies has set its guidance for the first quarter of 2022 to EPS and its guidance for the full year 2022 to EPS. Individuals wishing to register for the company’s earnings conference call can do so using this link.

SoFi Technologies (NASDAQ: SOFI – Get a rating) last released its quarterly earnings data on Tuesday, March 1. The company reported ($0.15) EPS for the quarter, beating analyst consensus estimates of ($0.16) by $0.01. The company posted revenue of $279.88 million in the quarter, versus a consensus estimate of $279.47 million. The company’s quarterly revenue increased 53.8% year over year. During the same period last year, the company achieved EPS of ($1.85). On average, analysts expect SoFi Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:SOFI shares opened at $6.33 on Tuesday. SoFi Technologies has a 52-week low of $6.01 and a 52-week high of $24.95. The company has a debt ratio of 0.90, a current ratio of 22.93 and a quick ratio of 22.93. The company has a 50-day moving average of $8.69 and a 200-day moving average of $13.55.

In other SoFi Technologies, CEO news Antoine Noto bought 15,000 shares in a trade on Friday, March 4. The shares were purchased at an average cost of $9.96 per share, with a total value of $149,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Ahmed Ali Al-Hammadi bought 10,000 shares in a trade on Wednesday, March 16. The shares were acquired at an average cost of $8.40 per share, for a total transaction of $84,000.00. Disclosure of this purchase can be found here. Over the past three months, insiders have purchased 97,640 shares of the company worth $871,799. 35.10% of the shares are held by insiders.

A number of large investors have recently bought and sold shares of the company. NEXT Financial Group Inc increased its stake in the shares of SoFi Technologies by 32.0% during the 4th quarter. NEXT Financial Group Inc now owns 5,169 shares of the company worth $82,000 after acquiring 1,253 additional shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of SoFi Technologies during Q4 for a value of approximately $158,000. Paradigm Financial Partners LLC purchased a new stake in shares of SoFi Technologies during Q4 for a value of approximately $174,000. Visionary Wealth Advisors purchased a new equity stake in SoFi Technologies during Q4 for a value of approximately $180,000. Finally, Zullo Investment Group Inc. bought a new stake in the shares of SoFi Technologies during the 4th quarter at a value of approximately $234,000. 56.45% of the shares are currently held by institutional investors.

A number of brokerages have recently commented on SOFI. Rosenblatt Securities cut its price target on SoFi Technologies shares from $25.00 to $22.00 and set a “buy” rating for the company in a Wednesday, Feb. 23 research note. Piper Sandler began coverage of SoFi Technologies in a research report on Monday, March 7. They have set a “neutral” rating and a price target of $12.00 on the stock. Morgan Stanley downgraded SoFi Technologies from an “overweight” rating to an “equal weight” rating and lowered its price target for the stock from $18.00 to $10.00 in a Wednesday, March 16 research report . Zacks Investment Research upgraded SoFi Technologies from a “sell” rating to a “hold” rating in a Friday, Jan. 28 research report. Finally, Citigroup reduced its price target on SoFi Technologies from $20.00 to $17.00 in a Friday, April 8 research report. Seven analysts gave the stock a hold rating and seven gave the stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $15.88.

About SoFi Technologies (Get a rating)

SoFi Technologies, Inc provides digital financial services. It operates through three segments: lending, technology platform and financial services. The society’s lending and financial services and products allow its members to borrow, save, spend, invest and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.

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