SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough Sells 9,185 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 9,185 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the sale, the executive vice president now owns 169,626 shares in the company, valued at approximately $2,617,329.18. The trade was a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, January 21st, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12.
• 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 transaction of $138,969.26.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $14.67 on Friday. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 2.24 and a beta of 1.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The company has a 50-day simple moving average of $15.70 and a 200 day simple moving average of $12.19. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same quarter in the prior year, the business posted $0.04 earnings per share. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Institutional Trading of SoFi Technologies

Several hedge funds and other institutional investors have recently modified their holdings of SOFI. Forum Financial Management LP grew its position in shares of SoFi Technologies by 15.2% during the 4th quarter. Forum Financial Management LP now owns 41,446 shares of the company’s stock worth $638,000 after purchasing an additional 5,475 shares in the last quarter. Warm Springs Advisors Inc. acquired a new position in shares of SoFi Technologies during the 4th quarter worth approximately $2,464,000. CTC Alternative Strategies Ltd. acquired a new position in shares of SoFi Technologies during the 4th quarter worth approximately $265,000. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of SoFi Technologies during the 4th quarter worth approximately $162,000. Finally, Sunbelt Securities Inc. grew its position in shares of SoFi Technologies by 849.4% during the 4th quarter. Sunbelt Securities Inc. now owns 9,750 shares of the company’s stock worth $152,000 after purchasing an additional 8,723 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Barclays lifted their price target on shares of SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Mizuho lifted their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Jefferies Financial Group lifted their price target on shares of SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $12.50.

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.