Kelli Keough Sells 8,914 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26. Following the transaction, the executive vice president now directly owns 187,725 shares of the company’s stock, valued at $2,926,632.75. This represents a 4.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, November 20th, Kelli Keough sold 9,590 shares of SoFi Technologies stock. The shares were sold at an average price of $14.56, for a total value 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

SOFI stock traded up $0.28 during trading on Monday, reaching $15.63. The stock had a trading volume of 34,489,402 shares, compared to its average volume of 47,711,387. The stock’s 50 day moving average is $13.55 and its two-hundred day moving average is $9.47. The firm has a market cap of $16.96 billion, a PE ratio of 156.32, a PEG ratio of 2.65 and a beta of 1.77. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $17.19. 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 (NASDAQ:SOFI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $697.10 million for the quarter, compared to analysts’ expectations of $631.59 million. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The business’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On SoFi Technologies

A number of hedge funds have recently modified their holdings of the business. State Street Corp lifted its position in SoFi Technologies by 1.7% during the third quarter. State Street Corp now owns 18,062,855 shares of the company’s stock valued at $141,974,000 after purchasing an additional 310,532 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of SoFi Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company’s stock valued at $138,523,000 after buying an additional 358,806 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of SoFi Technologies by 263.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock valued at $86,478,000 after buying an additional 9,482,683 shares in the last quarter. Marshall Wace LLP grew its stake in shares of SoFi Technologies by 130.0% during the 2nd quarter. Marshall Wace LLP now owns 6,357,887 shares of the company’s stock valued at $42,026,000 after acquiring an additional 3,593,464 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in SoFi Technologies by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company’s stock worth $48,306,000 after acquiring an additional 87,097 shares during the period. Institutional investors own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

SOFI has been the subject of several recent analyst reports. Bank of America reaffirmed an “underperform” rating and issued a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th. Barclays upped their target price on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price target on shares of SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Morgan Stanley increased their target price on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Citigroup cut SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and an average target price of $11.04.

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.