The price of Robinhood Markets Inc (NASDAQ:HOOD) shares last traded on Wall Street rose 7.45% to $23.94.
HOOD stock price is now 14.82% away from the 50-day moving average and 62.01% away from the 200-day moving average. The market capitalization of the company currently stands at $21.04B.
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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, Tenev Vladimir, Chief Executive Officer sold 250,000 shares of the company’s stock on Jul 05 ’24. The stock was sold for $5,624,800 at an average price of $22.50. 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 Jul 03 ’24, Chief Legal Officer Gallagher Daniel Martin Jr sold 12,500 shares of the business’s stock. A total of $284,990 was realized by selling the stock at an average price of $22.80. This leaves the insider owning 956,247 shares of the company worth $22.89 million. A total of 37.40% 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 $20.8507 and a two-hundred day moving average price translates $14.77685 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.
