The stock of Robinhood Markets Inc (NASDAQ:HOOD) last traded at $22.09, down -2.60% from the previous session.
HOOD stock price is now 8.57% away from the 50-day moving average and 52.66% away from the 200-day moving average. The market capitalization of the company currently stands at $19.41B.
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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, Gallagher Daniel Martin Jr, Chief Legal Officer sold 12,500 shares of the company’s stock on Jul 03 ’24. The stock was sold for $284,990 at an average price of $22.80. Upon completion of the transaction, the Chief Legal Officer now directly owns 956,247 shares in the company, valued at $21.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20 ’24, Director Bhatt Baiju sold 121,226 shares of the business’s stock. A total of $2,622,712 was realized by selling the stock at an average price of $21.63. A total of 38.64% 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 $20.4425 and a two-hundred day moving average price translates $14.5278 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.
