SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Sells $96,430.88 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 9,308 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $10.36, for a total transaction of $96,430.88. Following the sale, the executive vice president now directly owns 152,203 shares of the company’s stock, valued at approximately $1,576,823.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 transaction of $74,370.92.
• On Thursday, August 22nd, Kelli Keough sold 24,939 shares of SoFi Technologies stock. The shares were sold at an average price of $7.26, for a total transaction of $181,057.14.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $10.93 on Friday. The firm’s fifty day moving average is $8.15 and its two-hundred day moving average is $7.39. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of -35.26, a PEG ratio of 1.72 and a beta of 1.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.88. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $11.30.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $598.60 million for the quarter, compared to the consensus estimate of $565.19 million. SoFi Technologies had a positive return on equity of 2.25% and a negative net margin of 5.15%. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) earnings per share. Research analysts expect that SoFi Technologies, Inc. will post 0.1 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SOFI. Barclays lowered their price objective on SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 9th. Citigroup lowered SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods decreased their price objective on shares of SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of SoFi Technologies in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.25.

Hedge Funds Weigh In On SoFi Technologies

Several institutional investors have recently made changes to their positions in SOFI. Benjamin F. Edwards & Company Inc. grew its position in SoFi Technologies by 4,252.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 88,580 shares of the company’s stock valued at $585,000 after buying an additional 86,545 shares during the period. Mark Asset Management LP increased its stake in shares of SoFi Technologies by 79.9% in the 2nd quarter. Mark Asset Management LP now owns 340,654 shares of the company’s stock valued at $2,252,000 after purchasing an additional 151,265 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in SoFi Technologies by 64.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 294,711 shares of the company’s stock worth $1,948,000 after purchasing an additional 115,316 shares during the period. Texas Capital Bank Wealth Management Services Inc boosted its position in SoFi Technologies by 233.3% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 100,000 shares of the company’s stock worth $661,000 after purchasing an additional 70,000 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in SoFi Technologies in the first quarter valued at approximately $185,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

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.