Robinhood Markets Inc (NASDAQ:HOOD) shares traded 3.27% higher at $37.85 on Wall Street last session.
HOOD stock price is now 38.81% away from the 50-day moving average and 77.80% away from the 200-day moving average. The market capitalization of the company currently stands at $34.95B.
With the price target enhanced from $24 to $55, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Robinhood Markets Inc (NASDAQ: HOOD). On November 18, 2024, Needham Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $40, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Warnick Jason, Chief Financial Officer sold 50,000 shares of the company’s stock on Nov 18 ’24. The stock was sold for $1,750,000 at an average price of $35.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 962,032 shares in the company, valued at $36.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Officer JASON WARNICK bought 50,000 shares of the business’s stock. A total of $1,616,000 was incurred on buying the stock at an average price of $32.32. A total of 30.68% of the company’s stock is owned by insiders.
During the past 12 months, Robinhood Markets Inc has had a low of $8.13 and a high of $38.11. According to the stock market information, the enterprise value for the company is $26988480512, which is based on a 64.50 price-to-earnings ratio, a 23.89 price-to-earnings-growth ratio, and a beta of 2.03. The fifty day moving average price for HOOD is $26.9548 and a two-hundred day moving average price translates $21.156376 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.
