sofitechnologies
ValueWalk
ValueWalk
ValueWalk
The fintech posted record results that impressed analysts and institutions but apparently not SOFI stock’s retail investors SoFi Technologies, Inc. (NASDAQ:SOFI) is poised to extend yesterday’s decline, with the SOFI stock price off more than 3% in Tuesday’s pre-market trading. SoFi generated adjusted net revenue of $460.16 million compared to a consensus expectation of $440 million. Adjusted EBITDA profits expanded significantly over the year to 75.69 million, almost double market forecasts of $41 million. At the group’s bottom line, net losses narrowed by 69% from $110.36 million in Q1 of 20...
ValueWalk
SoFi Technologies (NASDAQ:SOFI) shares fell 12% on Tuesday after an accidentally released earnings report, and disappointing results spurred active trading. SoFi earnings hit the wire just after 11 AM when the stock traded off more than 15%. The early release triggered a three-hour halt before the shares reopened. The company planned to report after the close. Q1 2022 hedge fund letters, conferences and more When shares reopened, they rallied as high as +18.8% from the 11 AM low and closed +8% above the pre-result price. Fintel's retail ownership data shows SOFI in ninth place on our Most Boug...
ValueWalk
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