Kelli Keough Sells 10,267 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 10,267 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $15.22, for a total value of $156,263.74. Following the completion of the transaction, the executive vice president now directly owns 255,467 shares in the company, valued at $3,888,207.74. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, May 20th, Kelli Keough sold 11,520 shares of SoFi Technologies stock. The stock was sold at an average price of $13.38, for a total value of $154,137.60.
• On Monday, April 21st, Kelli Keough sold 11,181 shares of SoFi Technologies stock. The stock was sold at an average price of $10.71, for a total value of $119,748.51.

SoFi Technologies Stock Up 3.2%

NASDAQ SOFI opened at $15.85 on Wednesday. The stock's 50 day moving average is $13.41 and its 200 day moving average is $13.93. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The stock has a market cap of $17.52 billion, a PE ratio of 38.66, a P/E/G ratio of 2.66 and a beta of 1.82.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. The company had revenue of $763.81 million for the quarter, compared to analysts' expectations of $739.93 million. During the same period in the previous year, the firm earned $0.02 EPS. The firm's revenue was up 32.7% compared to the same quarter last year. Research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SOFI has been the topic of several research reports. Truist Financial assumed coverage on SoFi Technologies in a research report on Monday, June 2nd. They issued a "hold" rating and a $14.00 target price on the stock. Stephens initiated coverage on SoFi Technologies in a research note on Thursday, June 12th. They set an "overweight" rating and a $20.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a research note on Wednesday, April 30th. UBS Group boosted their price objective on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Finally, Barclays boosted their price objective on SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $14.73.

Institutional Trading of SoFi Technologies

Several hedge funds have recently modified their holdings of SOFI. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of SoFi Technologies during the 4th quarter worth approximately $27,000. Hazlett Burt & Watson Inc. raised its holdings in shares of SoFi Technologies by 2,200.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after acquiring an additional 2,200 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of SoFi Technologies during the 1st quarter worth approximately $28,000. SVB Wealth LLC purchased a new stake in shares of SoFi Technologies during the 1st quarter worth approximately $28,000. Finally, Hollencrest Capital Management purchased a new stake in shares of SoFi Technologies during the 4th quarter worth approximately $31,000. 38.43% of the stock is owned by hedge funds and other 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.

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