SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Sells $142,222.32 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 11,181 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.72, for a total transaction of $142,222.32. Following the sale, the executive vice president now directly owns 226,210 shares in the company, valued at $2,877,391.20. The trade was a 4.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, February 20th, Kelli Keough sold 9,185 shares of SoFi Technologies stock. The shares were sold at an average price of $15.43, for a total value of $141,724.55.
• 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 value of $156,708.12.
• On Monday, December 23rd, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The stock was sold at an average price of $15.59, for a total value of $138,969.26.

SoFi Technologies Trading Up 1.8 %

Shares of SOFI stock opened at $12.87 on Monday. The business has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $13.05. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The firm has a market cap of $14.11 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last released 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 return on equity of 3.82% and a net margin of 18.64%. During the same period in the prior year, the business posted $0.04 earnings per share. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On SoFi Technologies

A number of hedge funds have recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ bought a new position in shares of SoFi Technologies during the 4th quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in SoFi Technologies during the third quarter valued at about $28,000. Hollencrest Capital Management purchased a new stake in SoFi Technologies during the fourth quarter valued at about $31,000. Mpwm Advisory Solutions LLC bought a new position in shares of SoFi Technologies during the fourth quarter valued at about $32,000. Finally, FNY Investment Advisers LLC increased its holdings in shares of SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after buying an additional 1,905 shares during the period. 38.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America reissued an “underperform” rating and issued a $12.00 price target on shares of SoFi Technologies in a report on Monday, December 9th. UBS Group increased their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Needham & Company LLC upped their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Citigroup increased their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.