SoFi Technologies (NASDAQ:SOFI) EVP Sells $284,319.88 in Stock

Key Points

• Kelli Keough, Executive Vice President at SoFi Technologies, sold 10,036 shares of the company's stock for approximately $284,320, reducing her stake by 3.52% to a total of 275,374 shares.
• SoFi Technologies reported $0.08 earnings per share for the last quarter, exceeding the consensus estimate of $0.06, but the revenue was below expectations at $519.37 million.
• Analysts have mixed opinions on SoFi's stock, with a consensus rating of "Hold" and a price target averaging $20.71, following upgrades and downgrades from various financial institutions.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 10,036 shares of SoFi Technologies stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $28.33, for a total value of $284,319.88. Following the transaction, the executive vice president directly owned 275,374 shares in the company, valued at approximately $7,801,345.42. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, September 18th, Kelli Keough sold 10,036 shares of SoFi Technologies stock. The shares were sold at an average price of $27.86, for a total value of $279,602.96.
• On Wednesday, August 20th, Kelli Keough sold 10,578 shares of SoFi Technologies stock. The shares were sold at an average price of $22.13, for a total value of $234,091.14.

SoFi Technologies Price Performance

SOFI stock traded down $1.56 on Wednesday, reaching $27.19. 72,619,386 shares of the company's stock were exchanged, compared to its average volume of 62,529,586. The stock has a fifty day moving average of $26.36 and a 200-day moving average of $19.47. The firm has a market cap of $32.56 billion, a PE ratio of 56.65, a P/E/G ratio of 3.41 and a beta of 1.92. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $30.30. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $519.37 million for the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.SoFi Technologies's revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

SOFI has been the subject of several research reports. Morgan Stanley lifted their price target on SoFi Technologies from $13.00 to $18.00 and gave the stock an "underweight" rating in a research note on Monday, September 29th. Redburn Atlantic upgraded SoFi Technologies to a "hold" rating in a research report on Friday, August 1st. Needham & Company LLC upped their price objective on SoFi Technologies from $25.00 to $29.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. JMP Securities restated a "market perform" rating and issued a $17.00 price objective on shares of SoFi Technologies in a research report on Monday, July 14th. Finally, Citizens Jmp downgraded SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of "Hold" and a consensus price target of $20.71.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after purchasing an additional 14,281 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of SoFi Technologies by 73.3% in the first quarter. Farther Finance Advisors LLC now owns 4,348 shares of the company's stock worth $52,000 after buying an additional 1,839 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of SoFi Technologies by 39.8% in the first quarter. GAMMA Investing LLC now owns 8,283 shares of the company's stock worth $96,000 after buying an additional 2,358 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in SoFi Technologies by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 450,089 shares of the company's stock valued at $5,235,000 after acquiring an additional 8,432 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in SoFi Technologies by 17.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 147,931 shares of the company's stock valued at $1,720,000 after acquiring an additional 22,187 shares during 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.

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