In yesterday’s Wall Street session, Robinhood Markets Inc (NASDAQ:HOOD) shares traded at $27.06, down -0.59% from the previous session.
HOOD stock price is now 18.50% away from the 50-day moving average and 40.98% away from the 200-day moving average. The market capitalization of the company currently stands at $23.94B.
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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, Bhatt Baiju, Director sold 98,404 shares of the company’s stock on Oct 17 ’24. The stock was sold for $2,597,895 at an average price of $26.40. Upon completion of the transaction, the Director 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 Oct 17 ’24, Officer BAIJU PRAFULKUMAR BHATT LIVING bought 98,404 shares of the business’s stock. A total of $2,650,020 was incurred on buying the stock at an average price of $26.93. A total of 32.70% 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 $27.60. According to the stock market information, the enterprise value for the company is $17810374656, which is based on a 82.96 price-to-earnings ratio, a 30.72 price-to-earnings-growth ratio, and a beta of 1.84. The fifty day moving average price for HOOD is $22.8364 and a two-hundred day moving average price translates $19.193624 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.
