In yesterday’s Wall Street session, Robinhood Markets Inc (NASDAQ:HOOD) shares traded at $27.00, up 2.78% from the previous session.
HOOD stock price is now 27.22% away from the 50-day moving average and 45.66% away from the 200-day moving average. The market capitalization of the company currently stands at $23.89B.
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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, Quirk Steven M., Chief Brokerage Officer sold 208,291 shares of the company’s stock on Oct 08 ’24. The stock was sold for $5,202,943 at an average price of $24.98. Upon completion of the transaction, the Chief Brokerage Officer now directly owns 346,020 shares in the company, valued at $9.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 08 ’24, Director Malka Meyer sold 3,225,806 shares of the business’s stock. A total of $80,878,698 was realized by selling the stock at an average price of $25.07. This leaves the insider owning 29,357,336 shares of the company worth $792.65 million. A total of 34.19% 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 $26.65. According to the stock market information, the enterprise value for the company is $17757294592, which is based on a 82.77 price-to-earnings ratio, a 30.66 price-to-earnings-growth ratio, and a beta of 1.84. The fifty day moving average price for HOOD is $21.2226 and a two-hundred day moving average price translates $18.535975 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.
