The price of Robinhood Markets Inc (NASDAQ:HOOD) shares last traded on Wall Street rose 0.20% to $19.70.
HOOD stock price is now -4.99% away from the 50-day moving average and 15.86% away from the 200-day moving average. The market capitalization of the company currently stands at $17.43B.
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With the price target enhanced from $18 to $20, Barclays Upgraded its rating from Underweight to Equal Weight for Robinhood Markets Inc (NASDAQ: HOOD). On August 15, 2024, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $21 to quote $24, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, BAIJU PRAFULKUMAR BHATT LIVING, Officer bought 139,916 shares of the company’s stock on Sep 09 ’24. The stock was bought for $2,650,009 at an average price of $18.94. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, Chief Executive Officer Tenev Vladimir sold 250,000 shares of the business’s stock. A total of $4,814,225 was realized by selling the stock at an average price of $19.26. A total of 33.70% 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 $20.674 and a two-hundred day moving average price translates $17.061424 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.
Robinhood Markets Inc(HOOD) Company Profile
Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services. It also provides various learning and education solutions comprise Snacks, an accessible digest of business news stories for a new generation of investors.; Learn, which is an online collection of beginners’ guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free, premium news from sites from various sites, such as Barron’s, Reuters, and Dow Jones. In addition, the company offers In-App Education, a resource that covers investing fundamentals, including why people invest, a stock market overview, and tips on how to define investing goals, as well as allows customers to understand the basics of investing before their first trade; and Crypto Learn and Earn, an educational module available to various crypto customers through Robinhood Learn to teach customers the basics related to cryptocurrency. Further, it provides Robinhood credit cards, cash card and spending accounts, and wallets. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.
