Stocks of Robinhood Markets Inc (NASDAQ:HOOD) traded higher last session on Wall Street, up 4.26% to $19.08.
HOOD stock price is now 37.88% away from the 50-day moving average and 68.32% away from the 200-day moving average. The market capitalization of the company currently stands at $16.69B.
With the price target of $30, Bernstein recently initiated with Outperform rating for Robinhood Markets Inc (NASDAQ: HOOD). On December 01, 2023, Redburn Atlantic recently initiated its ‘Neutral’ rating on the stock quoting a target price of $9.50, while ‘Needham’ rates the stock as ‘Hold’
In other news, Bhatt Baiju, Chief Creative Officer sold 16,667 shares of the company’s stock on Mar 19 ’24. The stock was sold for $286,129 at an average price of $17.17. Upon completion of the transaction, the Chief Creative Officer 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 Mar 12 ’24, Chief Creative Officer Bhatt Baiju sold 157,177 shares of the business’s stock. A total of $2,579,935 was realized by selling the stock at an average price of $16.41. A total of 49.83% 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 $19.42. The fifty day moving average price for HOOD is $13.84 and a two-hundred day moving average price translates $11.34 for the stock.
The latest earnings results from Robinhood Markets Inc (NASDAQ: HOOD) was released for Dec, 2023. According to the Capital Markets Company, earnings per share came in at $0.03, beating analysts’ expectations of -$0.01 by 0.04. This compares to -$0.18 EPS in the same period last year. The net profit margin was -28.65% and return on equity was -7.93% for HOOD. The company reported revenue of $471.0 million for the quarter, compared to $380.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.95 percent. For the current quarter, analysts expect HOOD to generate $525.43M in revenue.
