SoFi Technologies (NASDAQ:SOFI) EVP Sells $243,801.00 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 9,468 shares of SoFi Technologies stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $25.75, for a total transaction of $243,801.00. Following the completion of the sale, the executive vice president owned 303,480 shares in the company, valued at approximately $7,814,610. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, December 23rd, Kelli Keough sold 9,468 shares of SoFi Technologies stock. The shares were sold at an average price of $27.14, for a total value of $256,961.52.
• On Thursday, November 20th, Kelli Keough sold 10,340 shares of SoFi Technologies stock. The stock was sold at an average price of $26.43, for a total value of $273,286.20.

SoFi Technologies Stock Performance

Shares of SOFI traded up $0.45 during trading hours on Thursday, reaching $26.09. 35,212,927 shares of the company’s stock traded hands, compared to its average volume of 52,405,652. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $32.73. The business’s fifty day simple moving average is $27.18 and its two-hundred day simple moving average is $26.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The firm has a market capitalization of $31.46 billion, a price-to-earnings ratio of 48.32, a P/E/G ratio of 1.60 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $880.33 million. During the same period last year, the company posted $0.05 EPS. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SOFI. JPMorgan Chase & Co. raised their price objective on shares of SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Truist Financial dropped their price target on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday, November 25th. BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Citigroup upped their target price on SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Bank of America assumed coverage on SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.50.

Hedge Funds Weigh In On SoFi Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its position in SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after buying an additional 878 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of SoFi Technologies in the fourth quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SoFi Technologies during the 4th quarter worth about $29,000. SJS Investment Consulting Inc. boosted its stake in SoFi Technologies by 840.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Finally, Salomon & Ludwin LLC acquired a new stake in SoFi Technologies in the 3rd quarter valued at approximately $29,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

About SoFi Technologies

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.