As of Monday, SoFi Technologies Inc.’s (NASDAQ:SOFI) stock closed at $11.45, up from $9.55 the previous day. While SoFi Technologies Inc. has overperformed by 19.90%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SOFI rose by 81.75%, with highs and lows ranging from $10.23 to $4.24, whereas the simple moving average jumped by 85.48% in the last 200 days.
On July 25, 2023, Stephens started tracking SoFi Technologies Inc. (NASDAQ: SOFI) recommending Equal-Weight.
Analysis of SoFi Technologies Inc. (SOFI)
Further, the quarter-over-quarter increase in sales is 213.90%, showing a positive trend in the upcoming months.
One of the most important indicators of SoFi Technologies Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -5.50% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and SOFI is recording 55.71M average volume. On a monthly basis, the volatility of the stock is set at 6.00%, whereas on a weekly basis, it is put at 7.17%, with a gain of 21.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.17, showing decline from the present price of $11.45, which can serve as yet another indication of whether SOFI is worth investing in or should be passed over.
How Do You Analyze SoFi Technologies Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 34.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in SOFI shares?
The recent increase in stakes in SOFI appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in SOFI has increased by 1.85% in the first quarter. The company now owns 68,567,281 shares of the stock, with a value of $571.85 million, following the purchase of 1,243,977 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in SOFI during the first quarter, upping its stake by 0.24%. During the last quarter, the company picked up 79,590 additional shares for a total stake of worth $273.76 million, bringing number of shares owned by the company to 32,824,738.
During the first quarter, SSgA Funds Management, Inc. added a 721,911 position in SOFI. Geode Capital Management LLC purchased an additional 0.48 million shares in the last quarter, increasing its holdings by 4.19%, now holding 12.05 million shares worth $100.51 million. SOFI shares are owned by institutional investors to the tune of 34.60% at present.