SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) EVP Kelli Keough sold 10,203 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $14.72, for a total transaction of $150,188.16. Following the completion of the sale, the executive vice president owned 397,870 shares in the company, valued at $5,856,646.40. This represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $16.99, for a total transaction 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 transaction of $203,148.00.
SoFi Technologies Stock Down 0.9%
Shares of SOFI opened at $14.77 on Friday. The company has a 50-day simple moving average of $16.81 and a 200-day simple moving average of $17.09. The firm has a market capitalization of $19.08 billion, a P/E ratio of 30.77, a P/E/G ratio of 0.86 and a beta of 2.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. SoFi Technologies, Inc. has a 52 week low of $13.86 and a 52 week high of $32.73.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.60 earnings per share for the current year.
Institutional Trading of SoFi Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inspire Investing LLC boosted its holdings in SoFi Technologies by 20.5% during the third quarter. Inspire Investing LLC now owns 74,467 shares of the company’s stock valued at $1,171,000 after purchasing an additional 12,671 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of SoFi Technologies by 4.5% in the 3rd quarter. Yousif Capital Management LLC now owns 17,549 shares of the company’s stock valued at $276,000 after purchasing an additional 763 shares during the period. River Street Advisors LLC grew its stake in shares of SoFi Technologies by 4.8% in the 3rd quarter. River Street Advisors LLC now owns 112,873 shares of the company’s stock valued at $1,774,000 after purchasing an additional 5,196 shares during the period. MLP3 LLC raised its holdings in shares of SoFi Technologies by 22.5% in the 3rd quarter. MLP3 LLC now owns 114,235 shares of the company’s stock worth $1,796,000 after buying an additional 20,995 shares in the last quarter. Finally, OLD Second National Bank of Aurora raised its holdings in shares of SoFi Technologies by 6.6% in the 3rd quarter. OLD Second National Bank of Aurora now owns 256,842 shares of the company’s stock worth $4,038,000 after buying an additional 15,982 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.
Trending Headlines about SoFi Technologies
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
Wall Street Analyst Weigh In
A number of brokerages have commented on SOFI. Benchmark upgraded SoFi Technologies to a “strong-buy” rating in a research report on Monday, October 12th. Keefe, Bruyette & Woods restated an “underperform” rating on shares of SoFi Technologies in a research report on Monday, October 12th. Needham & Company LLC cut their target price on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Scotiabank began coverage on 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. Finally, Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.20.
Read Our Latest Report on SoFi Technologies
About SoFi Technologies
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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