SoFi Technologies (NASDAQ:SOFI) EVP Sells $155,874.61 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 10,037 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total transaction of $155,874.61. Following the completion of the transaction, the executive vice president directly owned 323,247 shares of the company’s stock, valued at $5,020,025.91. This represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, April 21st, Kelli Keough sold 9,742 shares of SoFi Technologies stock. The stock was sold at an average price of $19.25, for a total transaction of $187,533.50.
• On Friday, March 20th, Kelli Keough sold 9,742 shares of SoFi Technologies stock. The stock was sold at an average price of $16.94, for a total transaction of $165,029.48.

SoFi Technologies Trading Down 0.2%

SoFi Technologies stock traded down $0.03 during midday trading on Friday, reaching $15.62. The stock had a trading volume of 57,887,071 shares, compared to its average volume of 63,474,426. The firm’s fifty day simple moving average is $16.84 and its two-hundred day simple moving average is $22.13. SoFi Technologies, Inc. has a twelve month low of $12.74 and a twelve month high of $32.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 35.50 and a beta of 2.12.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company’s revenue was up 42.6% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

SOFI has been the subject of a number of research reports. Citigroup decreased their target price on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Weiss Ratings raised shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Barclays decreased their target price on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Stephens decreased their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, SoFi Technologies has a consensus rating of “Hold” and an average target price of $22.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SOFI. Valley Wealth Managers Inc. bought a new position in shares of SoFi Technologies during the 4th quarter valued at $25,000. Blue Trust Inc. raised its holdings in shares of SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after purchasing an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. raised its holdings in shares of SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of SoFi Technologies during the 4th quarter valued at $28,000. Finally, Reflection Asset Management bought a new position in shares of SoFi Technologies during the 4th quarter valued at $28,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.