Stocks of Robinhood Markets Inc (NASDAQ:HOOD) traded higher last session on Wall Street, down -0.76% to $22.25.
HOOD stock price is now 16.13% away from the 50-day moving average and 62.16% away from the 200-day moving average. The market capitalization of the company currently stands at $19.55B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 250,000 shares of the company’s stock on Jun 04 ’24. The stock was sold for $5,258,275 at an average price of $21.03. 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 Jun 04 ’24, Chief Legal Officer Gallagher Daniel Martin Jr sold 12,500 shares of the business’s stock. A total of $263,062 was realized by selling the stock at an average price of $21.05. This leaves the insider owning 943,815 shares of the company worth $21.0 million. A total of 44.21% 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 $24.28. The fifty day moving average price for HOOD is $19.2359 and a two-hundred day moving average price translates $13.77655 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.
