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William Blair analysts initates an Outperform rating for SoFi Technologies Inc (SOFI)

SoFi Technologies Inc’s recent filing unveils that its EVP, GBUL, SIPS Keough Kelli unloaded Company’s shares for reported $0.16 million on Jan 21 ’25. In the deal valued at $17.58 per share,8,914 shares were sold. As a result of this transaction, Keough Kelli now holds 178,811 shares worth roughly $2.82 million.

Then, Keough Kelli sold 8,914 shares, generating $138,949 in total proceeds. Upon selling the shares at $15.59, the EVP, GBUL, SIPS now owns 187,725 shares.

Before that, Kelli Keough bought 27,013 shares. SoFi Technologies Inc shares valued at $419,242 were divested by the Officer at a price of $15.52 per share.

William Blair initiated its SoFi Technologies Inc [SOFI] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early January from “a Mkt perform” to “an Underperform”. BofA Securities also remained covering SOFI and has decreased its forecast on December 09, 2024 with a “an Underperform” recommendation from previously “Neutral” rating.

Price Performance Review of SOFI

On Friday, SoFi Technologies Inc [NASDAQ:SOFI] saw its stock fall -4.01% to $15.78. Over the last five days, the stock has lost -11.94%. SoFi Technologies Inc shares have risen nearly 2.47% since the year began. Nevertheless, the stocks have risen 87.86% over the past one year. While a 52-week high of $18.42 was reached on 01/24/25, a 52-week low of $6.01 was recorded on 01/13/25. SMA at 50 days reached $15.74, while 200 days put it at $9.88.

Levels Of Support And Resistance For SOFI Stock

The 24-hour chart illustrates a support level at 15.39, which if violated will result in even more drops to 15.00. On the upside, there is a resistance level at 16.37. A further resistance level may holdings at 16.96. The Relative Strength Index (RSI) on the 14-day chart is 48.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.77%. Stochastics %K at 51.24% indicates the stock is a holding.

How much short interest is there in SoFi Technologies Inc?

A steep rise in short interest was recorded in SoFi Technologies Inc stocks on 2024-12-31, dropping by -7.2 million shares to a total of 129.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 136.3 million shares. There was a decline of -5.58%, which implies that there is a negative sentiment for the stock.

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