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

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 9,590 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the completion of the transaction, the executive vice president now owns 142,613 shares in the company, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction of $96,430.88.
• On Monday, September 23rd, Kelli Keough sold 9,308 shares of SoFi Technologies stock. The shares were sold at an average price of $7.99, for a total transaction of $74,370.92.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $15.60 on Friday. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $15.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 156.02, a PEG ratio of 2.50 and a beta of 1.60. The company has a fifty day moving average price of $10.44 and a 200-day moving average price of $8.21.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SOFI shares. Mizuho boosted their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group boosted their target price 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. The Goldman Sachs Group boosted their target price on shares of SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Citigroup downgraded shares of SoFi Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, Needham & Company LLC upped their price objective on shares of SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.80.

Institutional Trading of SoFi Technologies

Institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of SoFi Technologies in the 3rd quarter worth $27,000. Brooklyn Investment Group bought a new position in SoFi Technologies during the third quarter valued at about $28,000. Allspring Global Investments Holdings LLC grew its position in SoFi Technologies by 55.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock valued at $29,000 after buying an additional 1,543 shares during the period. Waldron Private Wealth LLC bought a new position in SoFi Technologies during the third quarter valued at about $39,000. Finally, GAMMA Investing LLC grew its position in SoFi Technologies by 65.3% during the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company’s stock valued at $33,000 after buying an additional 1,981 shares during the period. 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.