SoFi Technologies Posts Q4 Earnings, Joins Cardlytics, McGrath RentCorp And Other Big Stocks Moving Higher On Monday

U.S. stocks traded mixed, with the Dow Jones trading slightly lower on Monday.

Shares of SoFi Technologies, Inc. SOFI rose sharply during Monday’s session after the company reported better-than-expected fourth-quarter revenue.

Adjusted revenue increased 34% year-on-year to $594.25 million, beating the consensus of $571.70 million. The adjusted EPS of 2 cents beat the consensus of 0 cents.

SoFi Technologies shares gained 20% to $9.16 on Monday.

Here are some other big stocks recording gains in today’s session.

• Cardlytics, Inc. CDLX shares jumped 28% to $7.40 after the company announced it entered into a settlement agreement with SRS and updated preliminary fourth-quarter 2023 results.
• Lucid Group, Inc. LCID climbed 23% to $3.2703.
• Fisker Inc. FSR rose 12.8% to $0.9063.
• Evolus, Inc. EOLS climbed 12.4% to $13.41 after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $10 to $16.
• Tarsus Pharmaceuticals, Inc. TARS rose 10.2% to $28.43.
• McGrath RentCorp MGRC gained 9.7% to $122.60 after WillScot Mobile Mini agreed to acquire the company for $3.8 billion.
• Pagaya Technologies Ltd. PGY climbed 9.6% to $1.26. Pagaya Technologies recently said it expects preliminary 2023 network volume and adjusted EBITA to exceed the high end of its outlook ranges.
• Horace Mann Educators Corporation HMN rose 9% to $38.13. Keefe, Bruyette & Woods analyst Meyer Shields upgraded Horace Mann Educators from Market Perform to Outperform.
• CleanSpark, Inc. CLSK gained 8.8% to $8.72.
• Waldencast plc WALD rose 7.8% to $8.27.
• Wheels Up Experience Inc. UP jumped 7.1% to $3.32.
• ZoomInfo Technologies Inc. ZI gained 6.7% to $16.94 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $20 to $25.
• Coinbase Global, Inc. COIN rose 6.2% to $132.92.
• Marathon Digital Holdings, Inc. MARA gained 5.5% to $18.83.
• Rumble Inc. RUM gained 5% to $6.34.
• Levi Strauss & Co. LEVI rose 3.5% to $16.50. Levi Strauss & Co reported upbeat earnings for its fourth quarter on Thursday.

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