In yesterday’s Wall Street session, Robinhood Markets Inc (NASDAQ:HOOD) shares traded at $50.00, up 3.84% from the previous session.
HOOD stock price is now 30.48% away from the 50-day moving average and 95.80% away from the 200-day moving average. The market capitalization of the company currently stands at $44.20B.
With the price target enhanced from $55 to $64, Morgan Stanley maintained Overweight rating for Robinhood Markets Inc (NASDAQ: HOOD). On January 07, 2025, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $20 to quote $43, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Bhatt Baiju, Director sold 90,866 shares of the company’s stock on Jan 15 ’25. The stock was sold for $4,113,888 at an average price of $45.27. Upon completion of the transaction, the Director 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 Jan 15 ’25, Director BAIJU PRAFULKUMAR BHATT LIVING bought 90,866 shares of the business’s stock. A total of $3,794,564 was incurred on buying the stock at an average price of $41.76. A total of 32.11% of the company’s stock is owned by insiders.
During the past 12 months, Robinhood Markets Inc has had a low of $10.38 and a high of $49.27. According to the stock market information, the enterprise value for the company is $37728784384, which is based on a 85.21 price-to-earnings ratio, a 12.17 price-to-earnings-growth ratio, and a beta of 2.10. The fifty day moving average price for HOOD is $37.818 and a two-hundred day moving average price translates $25.382574 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 $930.22M in revenue.
