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

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 11,181 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.72, for a total value of $142,222.32. Following the sale, the executive vice president now owns 226,210 shares of the company's stock, valued at $2,877,391.20. This trade represents a 4.71 % decrease in their position. The sale 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 stock was 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 shares were sold at an average price of $17.58, for a total value 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 Trading Up 6.6 %

Shares of NASDAQ:SOFI traded up $0.85 during midday trading on Monday, hitting $13.72. The company had a trading volume of 58,688,250 shares, compared to its average volume of 44,572,499. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The firm has a fifty day simple moving average of $14.66 and a 200 day simple moving average of $13.10. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 2.24 and a beta of 1.79.

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SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Monday, January 27th. 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 return on equity of 3.82% and a net margin of 18.64%. During the same quarter last year, the company posted $0.04 earnings per share. On average, analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds have recently bought and sold shares of SOFI. Vanguard Group Inc. grew its holdings in shares of SoFi Technologies by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock valued at $1,514,390,000 after buying an additional 8,898,879 shares during the period. Two Sigma Advisers LP acquired a new position in SoFi Technologies in the fourth quarter valued at about $299,980,000. State Street Corp increased its holdings in shares of SoFi Technologies by 1.7% in the third quarter. State Street Corp now owns 18,062,855 shares of the company's stock worth $141,974,000 after acquiring an additional 310,532 shares in the last quarter. Geode Capital Management LLC raised its position in shares of SoFi Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock worth $276,288,000 after purchasing an additional 315,899 shares during the period. Finally, Norges Bank bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $103,678,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Needham & Company LLC raised their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Finally, UBS Group lifted their price objective on SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and an average price target of $12.50.

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.