In yesterday’s Wall Street session, Robinhood Markets Inc (NASDAQ:HOOD) shares traded at $56.27, up 0.73% from the previous session.
HOOD stock price is now 29.24% away from the 50-day moving average and 101.43% away from the 200-day moving average. The market capitalization of the company currently stands at $49.74B.
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On January 17, 2025, Morgan Stanley reiterated its ‘Overweight’ rating on the stock by increasing its target price from $55 to quote $64, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, BAIJU PRAFULKUMAR BHATT LIVING, Director bought 90,866 shares of the company’s stock on Feb 07 ’25. The stock was bought for $4,831,345 at an average price of $53.17. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 03 ’25, Chief Legal Officer Gallagher Daniel Martin Jr sold 25,000 shares of the business’s stock. A total of $1,290,090 was realized by selling the stock at an average price of $51.60. This leaves the insider owning 706,642 shares of the company worth $39.76 million. A total of 32.41% of the company’s stock is owned by insiders.
During the past 12 months, Robinhood Markets Inc has had a low of $11.00 and a high of $55.98. The fifty day moving average price for HOOD is $43.1692 and a two-hundred day moving average price translates $27.741976 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. For the current quarter, analysts expect HOOD to generate $951.79M in revenue.
