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

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, July 18th. The stock was sold at an average price of $21.80, for a total transaction of $223,820.60. Following the transaction, the executive vice president directly owned 245,200 shares in the company, valued at approximately $5,345,360. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, June 20th, Kelli Keough sold 10,267 shares of SoFi Technologies stock. The stock was sold at an average price of $15.22, for a total transaction of $156,263.74.
• On Tuesday, May 20th, Kelli Keough sold 11,520 shares of SoFi Technologies stock. The shares were sold at an average price of $13.38, for a total value of $154,137.60.

SoFi Technologies Trading Down 3.0%

Shares of NASDAQ SOFI traded down $0.65 during mid-day trading on Monday, hitting $21.16. The stock had a trading volume of 48,317,882 shares, compared to its average volume of 53,449,089. The business has a 50 day moving average price of $16.00 and a two-hundred day moving average price of $14.39. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $22.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.80. The firm has a market cap of $23.39 billion, a P/E ratio of 51.61, a price-to-earnings-growth ratio of 3.68 and a beta of 1.91.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its 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. The company had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a net margin of 17.21% and a return on equity of 3.34%. SoFi Technologies's revenue for the quarter was up 32.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented 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. Truist Financial boosted their price target on shares of SoFi Technologies from $14.00 to $20.00 and gave the stock a "hold" rating in a research report on Thursday. JMP Securities reiterated a "market perform" rating and set a $17.00 price objective on shares of SoFi Technologies in a research report on Monday, July 14th. UBS Group boosted their target price on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Finally, Cowen initiated coverage on SoFi Technologies in a report on Friday, July 11th. They set a "hold" rating for the company. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $16.78.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new position in shares of SoFi Technologies during the 2nd quarter worth approximately $108,000. River Street Advisors LLC boosted its position in shares of SoFi Technologies by 14.6% during the second quarter. River Street Advisors LLC now owns 77,032 shares of the company's stock valued at $1,403,000 after purchasing an additional 9,830 shares in the last quarter. Sullivan Wood Capital Management LLC bought a new position in SoFi Technologies in the second quarter worth $2,799,000. Patriot Financial Group Insurance Agency LLC purchased a new position in SoFi Technologies during the second quarter valued at $306,000. Finally, J. Safra Sarasin Holding AG bought a new stake in shares of SoFi Technologies during the 2nd quarter valued at $228,000. 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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