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

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 9,590 shares of SoFi Technologies 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 completion of the transaction, the executive vice president now directly owns 142,613 shares of the company's stock, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 value 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 value of $74,370.92.

SoFi Technologies Stock Up 3.9 %

Shares of SOFI stock traded up $0.59 during trading hours on Friday, reaching $15.60. The company had a trading volume of 49,848,569 shares, compared to its average volume of 47,611,566. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $15.75. The business has a fifty day simple moving average of $10.28 and a 200-day simple moving average of $8.15. 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 market cap of $16.93 billion, a price-to-earnings ratio of 153.22, a price-to-earnings-growth ratio of 2.40 and a beta of 1.60.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $631.59 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business's revenue for the quarter was up 29.8% compared to the same quarter last year. On average, research analysts expect that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on SOFI. The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Needham & Company LLC increased their target price on shares of SoFi Technologies from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on SoFi Technologies from $12.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Citigroup cut SoFi Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, October 18th. Finally, Mizuho increased their target price on SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.80.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new position in shares of SoFi Technologies during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of SoFi Technologies during the third quarter valued at $28,000. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 purchasing an additional 1,543 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of SoFi Technologies by 65.3% during the 2nd 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. Finally, Waldron Private Wealth LLC purchased a new position in SoFi Technologies in the third quarter worth about $39,000. Hedge funds and other 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.

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