SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) EVP Kelli Keough sold 24,939 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $7.26, for a total value of $181,057.14. Following the sale, the executive vice president now directly owns 114,407 shares of the company’s stock, valued at $830,594.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
SoFi Technologies Price Performance
SoFi Technologies stock opened at $7.49 on Thursday. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $10.49. The business has a fifty day moving average price of $6.95 and a 200-day moving average price of $7.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.93 and a quick ratio of 0.24. The firm has a market capitalization of $7.92 billion, a P/E ratio of -24.16, a PEG ratio of 1.45 and a beta of 1.70.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. SoFi Technologies had a positive return on equity of 2.30% and a negative net margin of 5.15%. The firm had revenue of $598.60 million during the quarter, compared to analyst estimates of $565.19 million. During the same period last year, the company earned ($0.06) earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities research analysts forecast that SoFi Technologies, Inc. will post 0.1 EPS for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on SOFI
Institutional Investors Weigh In On SoFi Technologies
Several large investors have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC boosted its stake in SoFi Technologies by 1.6% during the second quarter. EP Wealth Advisors LLC now owns 382,844 shares of the company’s stock valued at $2,531,000 after buying an additional 6,122 shares during the period. Quarry LP bought a new stake in SoFi Technologies during the second quarter valued at $84,000. Second Line Capital LLC boosted its stake in SoFi Technologies by 1.3% during the second quarter. Second Line Capital LLC now owns 244,446 shares of the company’s stock valued at $1,616,000 after buying an additional 3,200 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in SoFi Technologies by 64.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 294,711 shares of the company’s stock valued at $1,948,000 after buying an additional 115,316 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in SoFi Technologies by 32.3% during the second quarter. NewEdge Advisors LLC now owns 422,199 shares of the company’s stock valued at $2,791,000 after buying an additional 102,973 shares during the period. Institutional investors own 38.43% of the company’s stock.
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.
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