Insider Selling: SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Sells 8,914 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the transaction, the executive vice president now owns 178,811 shares in the company, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 23rd, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The shares were sold at an average price of $15.59, for a total value of $138,969.26.
• On Wednesday, November 20th, Kelli Keough sold 9,590 shares of SoFi Technologies stock. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40.

SoFi Technologies Trading Up 2.5 %

SOFI traded up $0.44 during trading on Thursday, reaching $18.03. 43,532,595 shares of the company’s stock were exchanged, compared to its average volume of 43,099,645. The firm has a fifty day moving average price of $15.62 and a two-hundred day moving average price of $10.94. The stock has a market capitalization of $19.57 billion, a PE ratio of 180.32, a price-to-earnings-growth ratio of 1.21 and a beta of 1.78. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.21. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $697.10 million for the quarter, compared to the consensus estimate of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) EPS. As a group, equities research analysts forecast that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SOFI shares. Bank of America reissued an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their price target on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Jefferies Financial Group upped their price objective on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Mizuho lifted their target price on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley increased their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, December 19th. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.71.

Institutional Trading of SoFi Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. Dimensional Fund Advisors LP raised its stake in SoFi Technologies by 263.3% during the second quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock worth $86,478,000 after buying an additional 9,482,683 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of SoFi Technologies by 7.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 70,401 shares of the company’s stock valued at $465,000 after buying an additional 4,661 shares in the last quarter. Amalgamated Bank boosted its stake in SoFi Technologies by 10.7% during the 2nd quarter. Amalgamated Bank now owns 58,529 shares of the company’s stock valued at $387,000 after purchasing an additional 5,661 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of SoFi Technologies by 337.6% during the second quarter. Hsbc Holdings PLC now owns 719,243 shares of the company’s stock valued at $4,715,000 after buying an additional 554,866 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in SoFi Technologies by 4,252.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 88,580 shares of the company’s stock worth $585,000 after buying an additional 86,545 shares in the last quarter. Institutional investors and hedge funds 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.