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

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 9,185 shares of the stock in a transaction that occurred 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 $2,617,329.18. This represents a 5.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, January 21st, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The shares were 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 Price Performance

Shares of NASDAQ SOFI opened at $14.67 on Friday. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The firm has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $12.19. The company has a market capitalization of $15.92 billion, a PE ratio of 39.65, a P/E/G ratio of 2.24 and a beta of 1.77. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm earned $0.04 earnings per share. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

SOFI has been the subject of several research reports. Morgan Stanley increased their price objective on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, December 19th. Jefferies Financial Group increased their price objective 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. The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, UBS Group raised their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and an average price target of $12.50.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds have recently bought and sold shares of the company. Elequin Capital LP raised its stake in SoFi Technologies by 30.1% during the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company’s stock worth $42,000 after buying an additional 631 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in SoFi Technologies by 1.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company’s stock worth $881,000 after purchasing an additional 685 shares during the period. Captrust Financial Advisors grew its holdings in SoFi Technologies by 2.8% in the third quarter. Captrust Financial Advisors now owns 29,639 shares of the company’s stock worth $233,000 after purchasing an additional 809 shares during the period. Summit Trail Advisors LLC grew its holdings in SoFi Technologies by 0.3% in the third quarter. Summit Trail Advisors LLC now owns 280,464 shares of the company’s stock worth $2,204,000 after purchasing an additional 855 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in SoFi Technologies by 3.5% in the third quarter. CIBC Asset Management Inc now owns 28,409 shares of the company’s stock worth $223,000 after purchasing an additional 962 shares during the period. 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.