In yesterday’s Wall Street session, Robinhood Markets Inc (NASDAQ:HOOD) shares traded at $20.84, up 3.73% from the previous session.
HOOD stock price is now 16.12% away from the 50-day moving average and 64.31% away from the 200-day moving average. The market capitalization of the company currently stands at $18.32B.
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With the price target enhanced from $14 to $24, BofA Securities Upgraded its rating from Underperform to Buy for Robinhood Markets Inc (NASDAQ: HOOD). On April 11, 2024, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock increasing its target price from $13 to quote $16, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Bhatt Baiju, Director sold 16,667 shares of the company’s stock on May 15 ’24. The stock was sold for $304,463 at an average price of $18.27. 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 May 10 ’24, Director Bhatt Baiju sold 153,180 shares of the business’s stock. A total of $2,547,138 was realized by selling the stock at an average price of $16.63. A total of 45.38% 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.
