The price of Robinhood Markets Inc (NASDAQ:HOOD) shares last traded on Wall Street rose 3.46% to $18.54.
HOOD stock price is now -14.54% away from the 50-day moving average and 16.59% away from the 200-day moving average. The market capitalization of the company currently stands at $16.28B.
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With the price target enhanced from $20 to $23, Piper Sandler Upgraded its rating from Neutral to Overweight for Robinhood Markets Inc (NASDAQ: HOOD). On August 05, 2024, Citigroup Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock keeping its target price maintained at $18, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, VLADIMIR TENEV, Director bought 500,000 shares of the company’s stock on Aug 05 ’24. The stock was bought for $8,940,000 at an average price of $17.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05 ’24, Director TENEV 2017 IRR TRUST AGREEMENT bought 333,334 shares of the business’s stock. A total of $5,960,012 was incurred on buying the stock at an average price of $17.88. A total of 37.29% 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 $24.88. The fifty day moving average price for HOOD is $21.6286 and a two-hundred day moving average price translates $15.9484 for the stock.
The latest earnings results from Robinhood Markets Inc (NASDAQ: HOOD) was released for 2024-06-30. The net profit margin was 12.82% and return on equity was 4.05% for HOOD. The company reported revenue of $682.0 million for the quarter, compared to $486.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.33 percent.
