SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 9,308 shares of the firm's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $10.36, for a total transaction of $96,430.88. Following the sale, the executive vice president now directly owns 152,203 shares of the company's stock, valued at approximately $1,576,823.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Kelli Keough also recently made the following trade(s):
- On Monday, September 23rd, Kelli Keough sold 9,308 shares of SoFi Technologies stock. The stock was sold at an average price of $7.99, for a total value of $74,370.92.
- On Thursday, August 22nd, Kelli Keough sold 24,939 shares of SoFi Technologies stock. The shares were sold at an average price of $7.26, for a total value of $181,057.14.
SoFi Technologies Trading Down 1.5 %
NASDAQ:SOFI opened at $10.42 on Thursday. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $10.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.21. The business has a 50 day simple moving average of $8.07 and a 200 day simple moving average of $7.37. The firm has a market capitalization of $11.02 billion, a P/E ratio of -33.77, a P/E/G ratio of 1.72 and a beta of 1.70.
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SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $598.60 million during the quarter, compared to analyst estimates of $565.19 million. SoFi Technologies had a negative net margin of 5.15% and a positive return on equity of 2.25%. The company's quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Equities research analysts predict that SoFi Technologies, Inc. will post 0.1 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods reduced their target price on SoFi Technologies from $7.50 to $7.00 and set a "market perform" rating for the company in a research note on Tuesday, July 9th. Needham & Company LLC reissued a "buy" rating and set a $10.00 price objective on shares of SoFi Technologies in a report on Wednesday, July 31st. Barclays cut their target price on shares of SoFi Technologies from $10.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 9th. Finally, Citigroup lowered SoFi Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $9.25.
Get Our Latest Research Report on SoFi Technologies
Hedge Funds Weigh In On SoFi Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP raised its stake in SoFi Technologies by 29.3% during the 3rd quarter. Allworth Financial LP now owns 15,187 shares of the company's stock valued at $119,000 after acquiring an additional 3,440 shares in the last quarter. Mayfair Advisory Group LLC acquired a new position in shares of SoFi Technologies during the third quarter valued at $102,000. Trueblood Wealth Management LLC raised its stake in shares of SoFi Technologies by 30.4% during the third quarter. Trueblood Wealth Management LLC now owns 28,824 shares of the company's stock valued at $227,000 after purchasing an additional 6,721 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in SoFi Technologies by 1,159.5% in the third quarter. International Assets Investment Management LLC now owns 346,673 shares of the company's stock worth $2,725,000 after purchasing an additional 319,148 shares during the period. Finally, Waldron Private Wealth LLC bought a new position in SoFi Technologies in the 3rd quarter valued at about $39,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.
SoFi Technologies Company Profile
(
Get Free Report)
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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