Magdalena Yesil Sells 87,140 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) Director Magdalena Yesil sold 87,140 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $13.95, for a total transaction of $1,215,603.00. Following the completion of the transaction, the director now directly owns 376,398 shares in the company, valued at approximately $5,250,752.10. This represents a 18.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Magdalena Yesil also recently made the following trade(s):

• On Tuesday, June 10th, Magdalena Yesil sold 87,140 shares of SoFi Technologies stock. The shares were sold at an average price of $14.39, for a total transaction of $1,253,944.60.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $14.09 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 2.24 and a beta of 1.82. The firm’s 50 day simple moving average is $12.79 and its 200 day simple moving average is $13.99. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $763.81 million for the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of SoFi Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ acquired a new stake in SoFi Technologies in the fourth quarter valued at approximately $27,000. Hollencrest Capital Management acquired a new stake in SoFi Technologies in the fourth quarter valued at approximately $31,000. Mpwm Advisory Solutions LLC acquired a new stake in SoFi Technologies in the fourth quarter valued at approximately $32,000. Hazlett Burt & Watson Inc. boosted its position in SoFi Technologies by 2,200.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company’s stock valued at $27,000 after buying an additional 2,200 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in SoFi Technologies in the first quarter valued at approximately $28,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. UBS Group raised their target price on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. Barclays raised their target price on shares of SoFi Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. JMP Securities assumed coverage on shares of SoFi Technologies in a report on Friday, April 25th. They set a “market outperform” rating and a $17.00 target price on the stock. Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Finally, Stephens assumed coverage on shares of SoFi Technologies in a report on Thursday. They set an “overweight” rating and a $20.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average target price of $14.73.

About SoFi Technologies

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.