Magdalena Yesil Sells 87,140 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) Director Magdalena Yesil sold 87,140 shares of SoFi Technologies stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the transaction, the director now directly owns 289,258 shares of the company's stock, valued at approximately $4,162,422.62. This trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Magdalena Yesil also recently made the following trade(s):

• On Thursday, June 5th, Magdalena Yesil sold 87,140 shares of SoFi Technologies stock. The shares were sold at an average price of $13.95, for a total transaction of $1,215,603.00.

SoFi Technologies Price Performance

Shares of SOFI traded down $0.81 during mid-day trading on Friday, reaching $14.09. The stock had a trading volume of 76,609,263 shares, compared to its average volume of 49,655,336. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 2.24 and a beta of 1.82. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The business has a fifty day moving average of $12.79 and a 200 day moving average of $13.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The business had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company's revenue was up 32.7% on a year-over-year basis. Equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

SOFI has been the subject of a number of analyst reports. Stephens initiated coverage on shares of SoFi Technologies in a research note on Thursday. They set an "overweight" rating and a $20.00 price objective for the company. JMP Securities began coverage on shares of SoFi Technologies in a report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price objective for the company. Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of SoFi Technologies in a research report on Wednesday, April 30th. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Finally, Barclays boosted their target price on shares of SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.73.

Institutional Investors Weigh In On SoFi Technologies

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in SoFi Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock valued at $1,156,805,000 after purchasing an additional 1,130,250 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in SoFi Technologies during the fourth quarter valued at $299,980,000. Geode Capital Management LLC raised its stake in SoFi Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock valued at $276,288,000 after purchasing an additional 315,899 shares in the last quarter. Norges Bank purchased a new stake in SoFi Technologies during the fourth quarter valued at $103,678,000. Finally, Charles Schwab Investment Management Inc. raised its stake in SoFi Technologies by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,472,726 shares of the company's stock valued at $75,278,000 after purchasing an additional 159,109 shares in the last quarter. 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.