SoFi Technologies, Inc. (NASDAQ:SOFI) Director Sells $1,253,944.60 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) Director Magdalena Yesil sold 87,140 shares of the business's 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 completion of the sale, the director now directly owns 289,258 shares of the company's stock, valued at approximately $4,162,422.62. The trade was a 23.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 Stock Down 5.5%

Shares of NASDAQ SOFI traded down $0.83 during mid-day trading on Friday, reaching $14.08. 58,596,494 shares of the company's stock traded hands, compared to its average volume of 49,709,199. 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 business has a 50-day simple moving average of $12.70 and a 200 day simple moving average of $14.00. The stock has a market cap of $15.56 billion, a P/E ratio of 38.01, a PEG ratio of 2.24 and a beta of 1.82. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The company had revenue of $763.81 million for the quarter, compared to analysts' expectations of $739.93 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. SoFi Technologies's quarterly revenue was up 32.7% on a year-over-year basis. On average, analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Trading of SoFi Technologies

Several institutional investors have recently made changes to their positions in the company. Berkshire Capital Holdings Inc. increased its stake in SoFi Technologies by 6,208,000.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after buying an additional 620,800 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in SoFi Technologies during the fourth quarter worth about $3,703,000. Highview Capital Management LLC DE purchased a new stake in SoFi Technologies in the fourth quarter valued at approximately $1,152,000. Midwest Professional Planners LTD. bought a new stake in shares of SoFi Technologies during the 4th quarter worth $836,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of SoFi Technologies by 47.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 365,439 shares of the company's stock valued at $5,628,000 after purchasing an additional 118,288 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of SoFi Technologies in a research note on Wednesday, April 30th. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. UBS Group upped their price target on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Stephens began coverage on SoFi Technologies in a report on Thursday. They set an "overweight" rating and a $20.00 price objective on the stock. Finally, Barclays lifted their price target 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 assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.73.

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.