Insider Selling: SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Sells 8,914 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total value of $138,969.26. Following the sale, the executive vice president now directly owns 187,725 shares of the company’s stock, valued at $2,926,632.75. This represents a 4.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, November 20th, Kelli Keough sold 9,590 shares of SoFi Technologies stock. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40.
• On Monday, October 21st, Kelli Keough sold 9,308 shares of SoFi Technologies stock. The shares were sold at an average price of $10.36, for a total transaction of $96,430.88.

SoFi Technologies Stock Up 2.5 %

SoFi Technologies stock opened at $16.02 on Thursday. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $17.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The firm’s 50-day simple moving average is $13.90 and its 200 day simple moving average is $9.64. The stock has a market cap of $17.38 billion, a PE ratio of 160.22, a price-to-earnings-growth ratio of 2.65 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $697.10 million during the quarter, compared to analyst estimates of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. SoFi Technologies’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. Research analysts predict that SoFi Technologies, Inc. will post 0.12 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. Dimensional Fund Advisors LP increased its holdings in SoFi Technologies by 263.3% during the second quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock worth $86,478,000 after buying an additional 9,482,683 shares during the last quarter. Marshall Wace LLP grew its position in shares of SoFi Technologies by 130.0% during the 2nd quarter. Marshall Wace LLP now owns 6,357,887 shares of the company’s stock valued at $42,026,000 after acquiring an additional 3,593,464 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SoFi Technologies by 214.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock worth $30,971,000 after purchasing an additional 2,688,847 shares during the last quarter. Mizuho Markets Americas LLC raised its holdings in shares of SoFi Technologies by 403.4% in the 2nd quarter. Mizuho Markets Americas LLC now owns 3,045,737 shares of the company’s stock worth $20,132,000 after purchasing an additional 2,440,745 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in SoFi Technologies in the third quarter valued at approximately $16,014,000. 38.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SOFI has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of SoFi Technologies from $10.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Citigroup cut SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 18th. Bank of America reaffirmed an “underperform” rating and set a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.04.

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.