The stock of Robinhood Markets Inc (NASDAQ:HOOD) last traded at $18.30, down -1.40% from the previous session.
HOOD stock price is now 18.14% away from the 50-day moving average and 54.96% away from the 200-day moving average. The market capitalization of the company currently stands at $16.00B.
With the price target of $20, Keefe Bruyette recently initiated with Mkt Perform rating for Robinhood Markets Inc (NASDAQ: HOOD). On March 28, 2024, KeyBanc Capital Markets reiterated its ‘Overweight’ rating on the stock by increasing its target price from $15 to quote $22, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Tenev Vladimir, Chief Executive Officer sold 250,000 shares of the company’s stock on Apr 04 ’24. The stock was sold for $4,668,675 at an average price of $18.67. Upon completion of the transaction, the Chief Executive 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 Apr 01 ’24, Chief Financial Officer Warnick Jason sold 5,000 shares of the business’s stock. A total of $97,960 was realized by selling the stock at an average price of $19.59. This leaves the insider owning 1,002,407 shares of the company worth $18.34 million. A total of 49.98% 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 $20.55. The fifty day moving average price for HOOD is $15.64 and a two-hundred day moving average price translates $11.85 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 $537.86M in revenue.
Robinhood Markets Inc(HOOD) Company Profile
Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services. It also provides various learning and education solutions comprise Snacks, an accessible digest of business news stories for a new generation of investors.; Learn, which is an online collection of beginners’ guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free, premium news from sites from various sites, such as Barron’s, Reuters, and Dow Jones. In addition, the company offers In-App Education, a resource that covers investing fundamentals, including why people invest, a stock market overview, and tips on how to define investing goals, as well as allows customers to understand the basics of investing before their first trade; and Crypto Learn and Earn, an educational module available to various crypto customers through Robinhood Learn to teach customers the basics related to cryptocurrency. Further, it provides Robinhood credit cards, cash card and spending accounts, and wallets. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.
