In yesterday’s Wall Street session, Robinhood Markets Inc (NASDAQ:HOOD) shares traded at $16.89, up 4.07% from the previous session.
HOOD stock price is now -4.88% away from the 50-day moving average and 34.67% away from the 200-day moving average. The market capitalization of the company currently stands at $14.84B.
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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, Tenev Vladimir, Chief Executive Officer sold 250,000 shares of the company’s stock on May 06 ’24. The stock was sold for $4,481,850 at an average price of $17.93. Upon completion of the transaction, the Chief Executive Officer 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 May 03 ’24, Chief Legal Officer Gallagher Daniel Martin Jr sold 12,500 shares of the business’s stock. A total of $222,862 was realized by selling the stock at an average price of $17.83. This leaves the insider owning 854,995 shares of the company worth $14.44 million. A total of 49.16% 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.
The net profit margin was 6.15% and return on equity was 1.82% for HOOD. The company reported revenue of $618.0 million for the quarter, compared to $441.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.14 percent.
