Robinhood Markets Inc (NASDAQ:HOOD) shares traded 7.40% higher at $32.80 on Wall Street last session.
HOOD stock price is now 34.31% away from the 50-day moving average and 63.09% away from the 200-day moving average. The market capitalization of the company currently stands at $30.16B.
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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, Malka Meyer, Director sold 2,791,306 shares of the company’s stock on Nov 08 ’24. The stock was sold for $84,426,958 at an average price of $30.25. Upon completion of the transaction, the Director now directly owns 26,138,937 shares in the company, valued at $857.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Director Malka Meyer sold 321,218 shares of the business’s stock. A total of $9,638,275 was realized by selling the stock at an average price of $30.01. This leaves the insider owning 29,036,118 shares of the company worth $952.38 million. A total of 32.44% 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 $30.63. According to the stock market information, the enterprise value for the company is $22524401664, which is based on a 55.90 price-to-earnings ratio, a 20.70 price-to-earnings-growth ratio, and a beta of 1.93. The fifty day moving average price for HOOD is $24.167 and a two-hundred day moving average price translates $20.001024 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.
