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 stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total transaction of $139,630.40. Following the transaction, the executive vice president now owns 142,613 shares of the company’s stock, valued at approximately $2,076,445.28. The trade was a 6.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 transaction 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 transaction of $74,370.92.

SoFi Technologies Trading Up 3.9 %

Shares of SoFi Technologies stock 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 firm has a market cap of $16.93 billion, a PE ratio of 156.02, a PEG ratio of 2.50 and a beta of 1.60. 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 company has a 50 day simple moving average of $10.44 and a two-hundred day simple moving average of $8.21.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 business had revenue of $697.10 million during the quarter, compared to analyst estimates of $631.59 million. During the same period in the previous year, the business posted ($0.03) earnings per share. SoFi Technologies’s revenue for the quarter was up 29.8% on a year-over-year basis. Analysts expect that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SOFI has been the subject of several recent research reports. The Goldman Sachs Group lifted their target price on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Citigroup downgraded shares of SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 18th. Barclays lifted 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. Mizuho lifted their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Needham & Company LLC raised their price objective on shares of SoFi Technologies from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.80.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds have recently bought and sold shares of SOFI. Russell Investments Group Ltd. lifted its holdings in shares of SoFi Technologies by 341.0% in the 1st quarter. Russell Investments Group Ltd. now owns 43,624 shares of the company’s stock worth $318,000 after acquiring an additional 33,732 shares during the last quarter. US Bancorp DE lifted its holdings in shares of SoFi Technologies by 203.5% in the 1st quarter. US Bancorp DE now owns 60,763 shares of the company’s stock worth $444,000 after acquiring an additional 40,743 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of SoFi Technologies by 1.7% in 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 last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of SoFi Technologies by 105.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 182,804 shares of the company’s stock worth $1,335,000 after acquiring an additional 93,766 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of SoFi Technologies in the 1st quarter worth approximately $135,000. 38.43% of the stock is currently owned by institutional investors.

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.