SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 10,267 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $21.80, for a total value of $223,820.60. Following the completion of the transaction, the executive vice president directly owned 245,200 shares in the company, valued at $5,345,360. The trade was a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $15.22, for a total value of $156,263.74.
- 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.
SoFi Technologies Trading Up 2.3%
NASDAQ:SOFI traded up $0.48 during trading hours on Wednesday, hitting $21.46. 34,469,387 shares of the company were exchanged, compared to its average volume of 53,479,151. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 52.33, a price-to-earnings-growth ratio of 3.57 and a beta of 1.91. 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 one year low of $6.01 and a one year high of $22.74. The company has a fifty day simple moving average of $16.00 and a 200 day simple moving average of $14.39.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 3.34% and a net margin of 17.21%. The firm had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. During the same period last year, the company posted $0.02 EPS. The business's quarterly revenue was up 32.7% on a year-over-year basis. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
SOFI has been the topic of a number of analyst reports. JMP Securities reissued a "market perform" rating and set a $17.00 price target on shares of SoFi Technologies in a research report on Monday, July 14th. Truist Financial increased their price target on SoFi Technologies from $14.00 to $20.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Barclays raised their target price on SoFi Technologies from $12.00 to $18.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. The Goldman Sachs Group started coverage on SoFi Technologies in a report on Monday, July 14th. They issued a "neutral" rating and a $19.00 target price on the stock. Finally, Stephens started coverage on SoFi Technologies in a report on Thursday, June 12th. They issued an "overweight" rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $16.78.
Get Our Latest Analysis on SoFi Technologies
Institutional Trading of SoFi Technologies
Large investors have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its holdings in 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 purchasing an additional 2,200 shares in the last quarter. Headlands Technologies LLC bought a new stake in SoFi Technologies during the first quarter worth $28,000. SVB Wealth LLC bought a new stake in SoFi Technologies during the first quarter worth $28,000. Garde Capital Inc. bought a new stake in SoFi Technologies during the first quarter worth $31,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in SoFi Technologies during the fourth quarter worth $32,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.
SoFi Technologies Company Profile
(
Get Free Report)
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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