SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough Sells 9,590 Shares

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 9,590 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total value of $139,630.40. Following the transaction, the executive vice president now directly owns 142,613 shares of the company’s stock, valued at $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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.
• On Monday, September 23rd, Kelli Keough sold 9,308 shares of SoFi Technologies stock. The stock was sold at an average price of $7.99, for a total value of $74,370.92.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $15.60 on Friday. The firm has a market cap of $16.93 billion, a P/E ratio of 156.02, a price-to-earnings-growth ratio of 2.50 and a beta of 1.60. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $15.75. The business’s 50 day moving average is $10.44 and its 200-day moving average is $8.20.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) earnings per share. Equities research analysts predict that SoFi Technologies, Inc. will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On SoFi Technologies

A number of large investors have recently made changes to their positions in SOFI. Vanguard Group Inc. increased its stake in SoFi Technologies by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 82,826,257 shares of the company’s stock worth $604,632,000 after acquiring an additional 1,366,271 shares during the period. State Street Corp increased its stake in SoFi Technologies by 1.7% during the 3rd quarter. State Street Corp now owns 18,062,855 shares of the company’s stock worth $141,974,000 after acquiring an additional 310,532 shares during the period. Geode Capital Management LLC increased its stake in SoFi Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company’s stock worth $138,523,000 after acquiring an additional 358,806 shares during the period. Dimensional Fund Advisors LP increased its stake in SoFi Technologies by 263.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock worth $86,478,000 after acquiring an additional 9,482,683 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in SoFi Technologies by 6.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,457,940 shares of the company’s stock worth $75,737,000 after acquiring an additional 690,638 shares during the period. Institutional investors own 38.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Mizuho increased their price target on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday. Barclays increased their price target on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price target on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Citigroup cut SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC increased their price target on SoFi Technologies from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.80.

About SoFi Technologies

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.