SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Sells $138,969.26 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the transaction, the executive vice president now owns 187,725 shares of the company’s stock, valued at approximately $2,926,632.75. This represents a 4.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kelli Keough also recently made the following trade(s):

• On Wednesday, November 20th, Kelli Keough sold 9,590 shares of SoFi Technologies stock. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40.
• On Monday, October 21st, Kelli Keough sold 9,308 shares of SoFi Technologies stock. The stock was sold at an average price of $10.36, for a total value of $96,430.88.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $16.02 on Wednesday. The company has a 50-day simple moving average of $13.78 and a two-hundred day simple moving average of $9.59. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $17.19. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 160.22, a PEG ratio of 2.65 and a beta of 1.77. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. SoFi Technologies’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) EPS. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on SOFI. Jefferies Financial Group upped their target price on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Citigroup cut shares of SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Morgan Stanley lifted their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. Barclays increased their price target on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and a consensus price target of $11.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates boosted its position in SoFi Technologies by 28.6% during the 2nd quarter. Raymond James & Associates now owns 520,301 shares of the company’s stock valued at $3,439,000 after buying an additional 115,639 shares during the period. Raymond James Trust N.A. purchased a new stake in shares of SoFi Technologies during the second quarter worth about $95,000. Bank of New York Mellon Corp grew its stake in shares of SoFi Technologies by 16.6% in the second quarter. Bank of New York Mellon Corp now owns 3,117,081 shares of the company’s stock worth $20,604,000 after purchasing an additional 443,198 shares during the last quarter. State of Michigan Retirement System increased its holdings in SoFi Technologies by 50.0% during the 2nd quarter. State of Michigan Retirement System now owns 1,500,000 shares of the company’s stock valued at $9,915,000 after purchasing an additional 500,000 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in SoFi Technologies by 55.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock valued at $29,000 after purchasing an additional 1,543 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Company Profile

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.