Stocks of Robinhood Markets Inc (NASDAQ:HOOD) traded higher last session on Wall Street, up 1.46% to $24.32.
HOOD stock price is now 3.36% away from the 50-day moving average and 23.80% away from the 200-day moving average. The market capitalization of the company currently stands at $21.95B.
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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, JASON WARNICK, Officer bought 125,000 shares of the company’s stock on Nov 01 ’24. The stock was bought for $2,945,950 at an average price of $23.57. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 17 ’24, Director Bhatt Baiju sold 98,404 shares of the business’s stock. A total of $2,597,895 was realized by selling the stock at an average price of $26.40. A total of 32.55% 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 $28.58. According to the stock market information, the enterprise value for the company is $15028288512, which is based on a 41.45 price-to-earnings ratio, a 15.35 price-to-earnings-growth ratio, and a beta of 1.84. The fifty day moving average price for HOOD is $23.4648 and a two-hundred day moving average price translates $19.576626 for the stock.
The latest earnings results from Robinhood Markets Inc (NASDAQ: HOOD) was released for 2024-09-30. The net profit margin was 21.55% and return on equity was 7.62% for HOOD. The company reported revenue of $637.0 million for the quarter, compared to $467.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.4 percent.
