SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 10,203 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $14.72, for a total value of $150,188.16. Following the transaction, the executive vice president owned 397,870 shares of the company's stock, valued at $5,856,646.40. This represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Monday, September 21st, Kelli Keough sold 10,203 shares of SoFi Technologies stock. The shares were sold at an average price of $16.99, for a total value of $173,348.97.
- On Thursday, August 20th, Kelli Keough sold 11,286 shares of SoFi Technologies stock. The shares were sold at an average price of $18.00, for a total value of $203,148.00.
SoFi Technologies Stock Down 0.9%
Shares of NASDAQ:SOFI opened at $14.77 on Friday. SoFi Technologies, Inc. has a 52 week low of $13.86 and a 52 week high of $32.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The company's fifty day moving average is $16.81 and its 200-day moving average is $17.09. The company has a market capitalization of $19.08 billion, a PE ratio of 30.77, a P/E/G ratio of 0.86 and a beta of 2.33.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm's quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts predict that SoFi Technologies, Inc. will post 0.60 earnings per share for the current fiscal year.
Institutional Trading of SoFi Technologies
Several large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of SoFi Technologies in the second quarter valued at $1,298,925,000. Bank of America Corp DE acquired a new stake in SoFi Technologies in the 2nd quarter valued at about $163,808,000. Dimensional Fund Advisors LP increased its position in SoFi Technologies by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company's stock valued at $144,539,000 after acquiring an additional 359,785 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in SoFi Technologies by 2.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company's stock valued at $90,348,000 after acquiring an additional 156,218 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of SoFi Technologies in the second quarter worth about $93,937,000. Institutional investors own 38.43% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Truist Financial upped 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. Stonex Financia raised shares of SoFi Technologies to a "strong-buy" rating in a report on Monday, October 12th. Scotiabank initiated coverage on shares of SoFi Technologies in a research note on Wednesday, September 2nd. They issued a "sector outperform" rating and a $25.00 target price for the company. Needham & Company LLC reduced their target price on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, Piper Sandler began coverage on SoFi Technologies in a report on Monday, August 17th. They issued an "overweight" rating and a $22.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $22.20.
Read Our Latest Analysis on SOFI
SoFi Technologies News Summary
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: Tokenized deposit launch: SoFi introduced SOFIE, a tokenized bank deposit offering a reported 4.40% yield and FDIC insurance. Each token represents $1 held at SoFi Bank and can be converted into SoFiUSD for crypto purchases or on-chain transfers. The product could attract idle digital-asset cash, increase deposits and deepen customer engagement while differentiating SoFi from conventional stablecoins. Reuters article
- Positive Sentiment: Expanded financial-product ecosystem: SoFi partnered with Prudential Financial to offer term life insurance directly through its app to more than 15 million members. In-app quotes, applications and purchases could support cross-selling and diversify revenue beyond lending. SoFi and Prudential partnership
- Neutral Sentiment: Earnings are the next major test: Investors are looking for evidence that SoFi’s strong growth is continuing in the quarter ended September. Reports cite an expected revenue figure of approximately $1.26 billion, making the Oct. 27 release a potentially important catalyst for the stock. Zacks Q3 preview
- Negative Sentiment: Persistent share-price weakness: SoFi has traded near its 52-week low and substantially below its 50-day and 200-day moving averages. Commentary questions whether the crypto-linked launch can reverse the decline or distract from concerns that will be tested by earnings. SoFi stock performance analysis
SoFi Technologies Company Profile
(
Get Free Report)
SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.
SoFi's offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.
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