SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 11,286 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the transaction, the executive vice president directly owned 356,442 shares in the company, valued at approximately $6,415,956. This trade represents a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kelli Keough also recently made the following trade(s):
- On Monday, July 20th, Kelli Keough sold 10,954 shares of SoFi Technologies stock. The stock was sold at an average price of $17.19, for a total value of $188,299.26.
- On Monday, June 22nd, Kelli Keough sold 10,954 shares of SoFi Technologies stock. The shares were sold at an average price of $17.35, for a total value of $190,051.90.
SoFi Technologies Price Performance
Shares of SOFI stock opened at $18.24 on Tuesday. SoFi Technologies, Inc. has a twelve month low of $14.88 and a twelve month high of $32.73. The stock has a market capitalization of $23.56 billion, a price-to-earnings ratio of 38.00 and a beta of 2.17. The stock has a fifty day simple moving average of $17.75 and a two-hundred day simple moving average of $17.59. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The business's revenue for the quarter was up 42.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.
Institutional Trading of SoFi Technologies
A number of institutional investors have recently modified their holdings of SOFI. Brighton Jones LLC grew its position in shares of SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after buying an additional 14,281 shares during the last quarter. Caxton Associates LLP bought a new position in shares of SoFi Technologies during the 1st quarter worth approximately $129,000. Empowered Funds LLC lifted its position in SoFi Technologies by 5.2% during the first quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock valued at $385,000 after acquiring an additional 1,631 shares during the last quarter. Franklin Resources Inc. increased its position in shares of SoFi Technologies by 23.2% during the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company's stock worth $251,000 after purchasing an additional 2,596 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of SoFi Technologies during the second quarter worth $4,633,000. 38.43% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have commented on SOFI. Piper Sandler started coverage on shares of SoFi Technologies in a research report on Monday, August 17th. They set an "overweight" rating and a $22.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $18.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Weiss Ratings raised shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Truist Financial boosted their price objective on shares of SoFi Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, August 12th. Finally, Morgan Stanley dropped their target price on SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating on the stock in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and an average target price of $22.42.
Read Our Latest Stock Analysis on SOFI
SoFi Technologies Company Profile
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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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