In yesterday’s Wall Street session, Robinhood Markets Inc (NASDAQ:HOOD) shares traded at $16.49, down -4.90% from the previous session.
HOOD stock price is now -4.84% away from the 50-day moving average and 33.70% away from the 200-day moving average. The market capitalization of the company currently stands at $14.42B.
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With the price target enhanced from $13 to $16, Citigroup Downgraded its rating from Neutral to Sell for Robinhood Markets Inc (NASDAQ: HOOD). On April 03, 2024, Keefe Bruyette recently initiated its ‘Mkt Perform’ rating on the stock quoting a target price of $20, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Bhatt Baiju, Director sold 154,160 shares of the company’s stock on Apr 23 ’24. The stock was sold for $2,714,835 at an average price of $17.61. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18 ’24, Director Bhatt Baiju sold 16,667 shares of the business’s stock. A total of $285,994 was realized by selling the stock at an average price of $17.16. A total of 49.49% of the company’s stock is owned by insiders.
During the past 12 months, Robinhood Markets Inc has had a low of $7.91 and a high of $20.55.
According to the Capital Markets Company, earnings per share came in at -0.57, beating analysts’ expectations of -0.61 by 0.04. This compares to -$0.18 EPS in the same period last year. The net profit margin was -28.65% and return on equity was -7.93% for HOOD. The company reported revenue of $471.0 million for the quarter, compared to $380.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.95 percent. For the current quarter, analysts expect HOOD to generate $547.4M in revenue.
