SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough Sells 11,181 Shares

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 11,181 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.72, for a total value of $142,222.32. Following the completion of the sale, the executive vice president now directly owns 226,210 shares in the company, valued at approximately $2,877,391.20. This represents a 4.71 % 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 Thursday, February 20th, Kelli Keough sold 9,185 shares of SoFi Technologies stock. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55.
• On Tuesday, January 21st, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12.
• On Monday, December 23rd, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26.

SoFi Technologies Price Performance

Shares of SOFI traded up $0.23 during mid-day trading on Friday, reaching $12.87. The stock had a trading volume of 39,978,435 shares, compared to its average volume of 44,431,023. The business has a fifty day moving average of $14.67 and a 200 day moving average of $12.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.24 and a beta of 1.79. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period last year, the firm posted $0.04 earnings per share. Equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SOFI. Morgan Stanley upped their price objective on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. UBS Group upped their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. The Goldman Sachs Group lifted their price objective on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Bank of America reissued an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. Finally, Citigroup lifted their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.50.

Institutional Trading of SoFi Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. Skandinaviska Enskilda Banken AB publ bought a new position in SoFi Technologies in the 4th quarter worth approximately $27,000. Brooklyn Investment Group purchased a new position in shares of SoFi Technologies in the third quarter worth $28,000. Hollencrest Capital Management bought a new position in shares of SoFi Technologies during the fourth quarter worth $31,000. Mpwm Advisory Solutions LLC purchased a new position in SoFi Technologies during the fourth quarter valued at $32,000. Finally, FNY Investment Advisers LLC increased its holdings in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after acquiring an additional 1,905 shares during the last quarter. 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.