Robinhood Markets Inc (NASDAQ:HOOD) shares traded 5.09% higher at $57.43 on Wall Street last session.
HOOD stock price is now 30.42% away from the 50-day moving average and 59.91% away from the 200-day moving average. The market capitalization of the company currently stands at $50.68B.
With the price target reduced from $62 to $58, Needham maintained Buy rating for Robinhood Markets Inc (NASDAQ: HOOD). On April 08, 2025, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $40, while ‘Needham’ rates the stock as ‘Buy’
In other news, Baiju Prafulkumar Bhatt Living, Director bought 94,156 shares of the company’s stock on May 09 ’25. The stock was bought for $5,091,015 at an average price of $54.07. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’25, Officer STEVEN QUIRK bought 24,452 shares of the business’s stock. A total of $1,322,120 was incurred on buying the stock at an average price of $54.07. A total of 16.53% 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.
The net profit margin was 48.51% and return on equity was 21.43% for HOOD. The company reported revenue of $927.0 million for the quarter, compared to $618.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.0 percent.
