Key Points
- SoFi Technologies EVP Kelli Keough sold 10,037 shares on May 20 at an average price of $15.53, worth about $155,875. After the sale, she still owned 323,247 shares, and the trade was made under a pre-arranged 10b5-1 plan.
- SoFi recently reported solid quarterly results, with earnings per share of $0.12 matching expectations and revenue of $1.09 billion, topping estimates. Revenue rose 42.6% year over year.
- Wall Street remains cautious on SOFI: analysts currently have an average “Hold” rating and a consensus target price of $22.56, with several firms recently cutting price targets or maintaining neutral/underperform views.
SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 10,037 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total transaction of $155,874.61. Following the completion of the sale, the executive vice president directly owned 323,247 shares in the company, valued at $5,020,025.91. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kelli Keough also recently made the following trade(s):
- On Tuesday, April 21st, Kelli Keough sold 9,742 shares of SoFi Technologies stock. The stock was sold at an average price of $19.25, for a total transaction of $187,533.50.
- On Friday, March 20th, Kelli Keough sold 9,742 shares of SoFi Technologies stock. The stock was sold at an average price of $16.94, for a total transaction of $165,029.48.
SoFi Technologies Stock Performance
SoFi Technologies stock opened at $15.62 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. SoFi Technologies, Inc. has a 1-year low of $12.74 and a 1-year high of $32.73. The firm has a market capitalization of $20.04 billion, a P/E ratio of 35.50 and a beta of 2.12. The company's 50-day moving average is $16.78 and its 200 day moving average is $22.09.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company's quarterly revenue was up 42.6% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Research analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current year.
Hedge Funds Weigh In On SoFi Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of SOFI. Norges Bank bought a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $321,515,000. Vanguard Group Inc. boosted its stake in shares of SoFi Technologies by 6.8% during the third 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 in the last quarter. State Street Corp boosted its stake in shares of 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 purchasing an additional 5,708,053 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of SoFi Technologies by 372.9% during the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company's stock valued at $174,116,000 after purchasing an additional 5,244,291 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of SoFi Technologies by 33.6% during the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company's stock valued at $348,806,000 after purchasing an additional 3,350,258 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Truist Financial reduced their target price on shares of SoFi Technologies from $20.00 to $17.00 and set a "hold" rating on the stock in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $18.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Keefe, Bruyette & Woods reduced their target price on shares of SoFi Technologies from $20.00 to $17.00 and set an "underperform" rating on the stock in a research report on Thursday, April 9th. Weiss Ratings raised shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $17.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, SoFi Technologies has an average rating of "Hold" and a consensus target price of $22.56.
Check Out Our Latest Research Report on SOFI
About SoFi Technologies
(
Get Free Report)
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.
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