SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough Sells 9,308 Shares

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 9,308 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $10.36, for a total value of $96,430.88. Following the completion of the transaction, the executive vice president now directly owns 152,203 shares in the company, valued at approximately $1,576,823.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 value 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 Stock Down 1.5 %

SOFI traded down $0.16 during trading on Wednesday, reaching $10.42. The company had a trading volume of 37,922,792 shares, compared to its average volume of 45,803,137. The business’s fifty day moving average price is $8.07 and its 200 day moving average price is $7.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.21. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $10.65. The company has a market cap of $11.02 billion, a P/E ratio of -33.77, a PEG ratio of 1.72 and a beta of 1.70.

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

Hedge Funds Weigh In On SoFi Technologies

Large investors have recently bought and sold shares of the company. Allworth Financial LP lifted its position in shares of SoFi Technologies by 29.3% in the third quarter. Allworth Financial LP now owns 15,187 shares of the company’s stock worth $119,000 after purchasing an additional 3,440 shares in the last quarter. Mayfair Advisory Group LLC bought a new position in SoFi Technologies in the third quarter valued at $102,000. Trueblood Wealth Management LLC increased its stake in SoFi Technologies by 30.4% in the 3rd quarter. Trueblood Wealth Management LLC now owns 28,824 shares of the company’s stock valued at $227,000 after buying an additional 6,721 shares during the last quarter. International Assets Investment Management LLC lifted its position in SoFi Technologies by 1,159.5% during the 3rd quarter. International Assets Investment Management LLC now owns 346,673 shares of the company’s stock worth $2,725,000 after buying an additional 319,148 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in SoFi Technologies during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays reduced their price objective on SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 9th. Keefe, Bruyette & Woods lowered their target price on shares of SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of SoFi Technologies in a research note on Wednesday, July 31st. Finally, Citigroup downgraded shares of SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.25.

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.