In yesterday’s Wall Street session, Robinhood Markets Inc (NASDAQ:HOOD) shares traded at $22.46, down -1.45% from the previous session.
HOOD stock price is now 12.22% away from the 50-day moving average and 57.19% away from the 200-day moving average. The market capitalization of the company currently stands at $19.74B.
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With the price target maintained at $29, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Robinhood Markets Inc (NASDAQ: HOOD). On May 17, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Buy’ on the stock increasing its target price from $14 to quote $24, while ‘Citigroup’ rates the stock as ‘Sell’
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 38.63% 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 $20.1317 and a two-hundred day moving average price translates $14.3482 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.
