SoFi Technologies (NASDAQ:SOFI) EVP Sells $273,286.20 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 10,340 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $273,286.20. Following the sale, the executive vice president owned 265,034 shares in the company, valued at approximately $7,004,848.62. This trade represents a 3.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, October 20th, Kelli Keough sold 10,036 shares of SoFi Technologies stock. The stock was sold at an average price of $28.33, for a total transaction of $284,319.88.
• On Thursday, September 18th, Kelli Keough sold 10,036 shares of SoFi Technologies stock. The shares were sold at an average price of $27.86, for a total transaction of $279,602.96.

SoFi Technologies Stock Up 1.1%

SOFI traded up $0.28 during midday trading on Friday, reaching $25.19. The company’s stock had a trading volume of 89,798,720 shares, compared to its average volume of 64,644,270. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The stock’s 50-day moving average is $28.15 and its 200-day moving average is $22.15. The firm has a market capitalization of $30.38 billion, a price-to-earnings ratio of 46.65, a PEG ratio of 2.61 and a beta of 1.93. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The firm had revenue of $949.63 million for the quarter, compared to analysts’ expectations of $880.33 million. During the same period in the previous year, the firm posted $0.05 EPS. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on SOFI. Barclays increased their target price on SoFi Technologies from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Needham & Company LLC increased their price objective on shares of SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Jefferies Financial Group restated a “buy” rating and set a $35.00 price objective on shares of SoFi Technologies in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upped their target price on shares of SoFi Technologies from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, Truist Financial raised their price target on shares of SoFi Technologies from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and a consensus price target of $25.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of SoFi Technologies by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after purchasing an additional 6,814,727 shares during the last quarter. State Street Corp grew its position in SoFi Technologies by 30.7% during the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after buying an additional 5,708,053 shares during the period. Dimensional Fund Advisors LP increased its holdings in SoFi Technologies by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 9,792,807 shares of the company’s stock valued at $258,821,000 after buying an additional 67,504 shares during the last quarter. Norges Bank purchased a new stake in SoFi Technologies during the second quarter valued at approximately $164,068,000. Finally, Marshall Wace LLP raised its position in SoFi Technologies by 88.2% in the second quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock worth $145,628,000 after acquiring an additional 3,748,817 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

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.