Stocks of Robinhood Markets Inc (NASDAQ:HOOD) traded higher last session on Wall Street, down -0.72% to $41.62.
HOOD stock price is now -14.52% away from the 50-day moving average and 27.34% away from the 200-day moving average. The market capitalization of the company currently stands at $36.85B.
With the price target reduced from $70 to $62, Needham maintained Buy rating for Robinhood Markets Inc (NASDAQ: HOOD). On March 19, 2025, Compass Point recently initiated its ‘Buy’ rating on the stock quoting a target price of $61, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Bhatt Baiju, Director sold 47,023 shares of the company’s stock on Mar 24 ’25. The stock was sold for $2,180,457 at an average price of $46.37. 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 Mar 21 ’25, Director Bhatt Baiju sold 223,528 shares of the business’s stock. A total of $9,658,913 was realized by selling the stock at an average price of $43.21. A total of 16.78% of the company’s stock is owned by insiders.
During the past 12 months, Robinhood Markets Inc has had a low of $13.98 and a high of $66.91. According to the stock market information, the enterprise value for the company is $32270872576, which is based on a 26.65 price-to-earnings ratio, a 3.75 price-to-earnings-growth ratio, and a beta of 2.17. The fifty day moving average price for HOOD is $48.6924 and a two-hundred day moving average price translates $32.68405 for the stock.
The latest earnings results from Robinhood Markets Inc (NASDAQ: HOOD) was released for 2024-12-31. The net profit margin was 47.52% and return on equity was 19.24% for HOOD. The company reported revenue of $1.01 billion for the quarter, compared to $471.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 115.29 percent.
