In yesterday’s Wall Street session, Robinhood Markets Inc (NASDAQ:HOOD) shares traded at $21.37, down -4.13% from the previous session.
HOOD stock price is now 9.87% away from the 50-day moving average and 53.28% away from the 200-day moving average. The market capitalization of the company currently stands at $18.78B.
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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 121,226 shares of the company’s stock on Jun 20 ’24. The stock was sold for $2,622,712 at an average price of $21.63. 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 Jun 04 ’24, Chief Executive Officer Tenev Vladimir sold 250,000 shares of the business’s stock. A total of $5,258,275 was realized by selling the stock at an average price of $21.03. 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 $19.4969 and a two-hundred day moving average price translates $13.99475 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.
