The stock of Robinhood Markets Inc (NASDAQ:HOOD) last traded at $19.37, down -3.73% from the previous session.
HOOD stock price is now -7.82% away from the 50-day moving average and 15.82% away from the 200-day moving average. The market capitalization of the company currently stands at $17.14B.
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With the price target enhanced from $21 to $24, Deutsche Bank Upgraded its rating from Hold to Buy for Robinhood Markets Inc (NASDAQ: HOOD). On August 12, 2024, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $20 to quote $23, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, DANIEL MARTIN GALLAGHER, Officer bought 12,500 shares of the company’s stock on Sep 03 ’24. The stock was bought for $251,500 at an average price of $20.12. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, Chief Financial Officer Warnick Jason sold 25,000 shares of the business’s stock. A total of $523,905 was realized by selling the stock at an average price of $20.96. This leaves the insider owning 1,077,162 shares of the company worth $20.86 million. A total of 33.67% 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 $20.9548 and a two-hundred day moving average price translates $16.778425 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. For the current quarter, analysts expect HOOD to generate $653.32M in revenue.
