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 company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $25.75, for a total value of $243,801.00. Following the completion of the transaction, the executive vice president directly owned 303,480 shares in the company, valued at approximately $7,814,610. This trade represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, December 23rd, Kelli Keough sold 9,468 shares of SoFi Technologies stock. The stock was sold at an average price of $27.14, for a total value of $256,961.52.
• 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 transaction of $273,286.20.

SoFi Technologies Trading Down 0.9%

Shares of SOFI stock opened at $25.85 on Friday. SoFi Technologies, Inc. has a 1-year low of $8.60 and a 1-year high of $32.73. The firm has a market cap of $31.17 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 1.64 and a beta of 1.92. The company has a 50-day moving average of $27.09 and a two-hundred day moving average of $26.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 price objective on shares of SoFi Technologies in a report on Tuesday, October 28th. Needham & Company LLC increased their price target on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Bank of America began coverage on shares of SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price objective for the company. Mizuho set a $38.00 price objective on shares of SoFi Technologies in a report on Thursday, October 30th. Finally, Morgan Stanley increased their target price on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.50.

Institutional Trading of SoFi Technologies

A number of large investors have recently made changes to their positions in SOFI. Farther Finance Advisors LLC grew its holdings in SoFi Technologies by 57.3% during the 4th quarter. Farther Finance Advisors LLC now owns 36,445 shares of the company’s stock worth $954,000 after acquiring an additional 13,276 shares in the last quarter. Avion Wealth raised its holdings in shares of SoFi Technologies by 16.5% in the 4th quarter. Avion Wealth now owns 14,237 shares of the company’s stock valued at $372,000 after purchasing an additional 2,017 shares in the last quarter. Assetmark Inc. lifted its position in shares of SoFi Technologies by 60.6% during the 4th quarter. Assetmark Inc. now owns 2,044 shares of the company’s stock worth $54,000 after purchasing an additional 771 shares during the last quarter. Westbourne Investment Advisors Inc. grew its stake in shares of SoFi Technologies by 1.4% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 257,697 shares of the company’s stock worth $6,747,000 after purchasing an additional 3,533 shares in the last quarter. Finally, Smith Moore & CO. acquired a new position in shares of SoFi Technologies during the fourth quarter worth $382,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Company Profile

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.