Kelli Keough Sells 9,468 Shares of SoFi Technologies (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 9,468 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $27.14, for a total transaction of $256,961.52. Following the completion of the sale, the executive vice president directly owned 312,948 shares of the company’s stock, valued at $8,493,408.72. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, November 20th, Kelli Keough sold 10,340 shares of SoFi Technologies stock. The shares were sold at an average price of $26.43, for a total value of $273,286.20.
• On Monday, October 20th, Kelli Keough sold 10,036 shares of SoFi Technologies stock. The shares were sold at an average price of $28.33, for a total transaction of $284,319.88.

SoFi Technologies Trading Up 0.8%

SOFI opened at $27.40 on Thursday. 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 $33.04 billion, a price-to-earnings ratio of 50.73 and a beta of 1.93. The business has a 50 day simple moving average of $28.16 and a two-hundred day simple moving average of $24.58. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data 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 net margin of 19.29% and a return on equity of 5.12%. The business had revenue of $949.63 million for the quarter, compared to the consensus estimate of $880.33 million. During the same period in the previous year, the firm earned $0.05 EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on SOFI. BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. UBS Group raised their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, 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 research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies presently has an average rating of “Hold” and an average price target of $25.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in SoFi Technologies by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after buying an additional 6,814,727 shares during the last quarter. State Street Corp grew its holdings in shares of SoFi Technologies by 30.7% in the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after acquiring an additional 5,708,053 shares during the period. Dimensional Fund Advisors LP increased its position in SoFi Technologies by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 9,792,807 shares of the company’s stock valued at $258,821,000 after acquiring an additional 67,504 shares during the last quarter. Norges Bank bought a new position in SoFi Technologies in the second quarter valued at about $164,068,000. Finally, Marshall Wace LLP boosted its position in SoFi Technologies by 88.2% in the second quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock worth $145,628,000 after purchasing an additional 3,748,817 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

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.