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 the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $13.95, for a total value of $1,215,603.00. Following the completion of the transaction, the director now owns 376,398 shares of the company's stock, valued at approximately $5,250,752.10. This trade represents a 18.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, June 10th, Magdalena Yesil sold 87,140 shares of SoFi Technologies stock. The shares were sold at an average price of $14.39, for a total transaction of $1,253,944.60.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI traded down $0.83 during mid-day trading on Friday, reaching $14.08. The company's stock had a trading volume of 58,596,494 shares, compared to its average volume of 49,709,199. The stock has a fifty day moving average of $12.70 and a two-hundred day moving average of $14.00. The firm has a market capitalization of $15.56 billion, a PE ratio of 38.01, a P/E/G ratio of 2.24 and a beta of 1.82. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. 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 business posted $0.02 earnings per share. SoFi Technologies's quarterly revenue was up 32.7% on a year-over-year basis. As a group, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JMP Securities started coverage on SoFi Technologies in a report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 target price on the stock. UBS Group increased their target price on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Needham & Company LLC restated a "buy" rating and issued a $20.00 price target on shares of SoFi Technologies in a research note on Wednesday, April 30th. Stephens began coverage on SoFi Technologies in a research report on Thursday. They set an "overweight" rating and a $20.00 price objective on the stock. Finally, Barclays boosted their target price on SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $14.73.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP raised its stake in SoFi Technologies by 30.1% in the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company's stock worth $42,000 after buying an additional 631 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in SoFi Technologies by 1.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock valued at $881,000 after acquiring an additional 685 shares in the last quarter. Game Plan Financial Advisors LLC boosted its position in shares of SoFi Technologies by 13.9% in the 4th quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock worth $128,000 after purchasing an additional 1,000 shares in the last quarter. Bank of New Hampshire grew its stake in SoFi Technologies by 33.3% during the 1st quarter. Bank of New Hampshire now owns 4,000 shares of the company's stock worth $47,000 after buying an additional 1,000 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in SoFi Technologies by 16.7% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 7,000 shares of the company's stock worth $81,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

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.