Robinhood Markets Inc (NASDAQ:HOOD) shares traded 1.82% higher at $21.28 on Wall Street last session.
HOOD stock price is now 15.00% away from the 50-day moving average and 62.22% away from the 200-day moving average. The market capitalization of the company currently stands at $18.70B.
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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, Tenev Vladimir, Chief Executive Officer sold 406,885 shares of the company’s stock on May 30 ’24. The stock was sold for $8,657,536 at an average price of $21.28. 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 30 ’24, Director Bhatt Baiju sold 116,669 shares of the business’s stock. A total of $2,569,611 was realized by selling the stock at an average price of $22.02. A total of 45.39% 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 $22.34. The fifty day moving average price for HOOD is $18.5489 and a two-hundred day moving average price translates $13.1731 for the stock.
The latest earnings results from Robinhood Markets Inc (NASDAQ: HOOD) was released for 2024-03-31. 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.
