Stocks of Robinhood Markets Inc (NASDAQ:HOOD) traded higher last session on Wall Street, down -5.11% to $39.54.
HOOD stock price is now 31.27% away from the 50-day moving average and 76.33% away from the 200-day moving average. The market capitalization of the company currently stands at $37.42B.
With the price target enhanced from $26 to $49, Barclays Upgraded its rating from Equal Weight to Overweight for Robinhood Markets Inc (NASDAQ: HOOD). On December 06, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $40 to quote $46, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, JASON WARNICK, Officer bought 150,000 shares of the company’s stock on Dec 09 ’24. The stock was bought for $6,018,195 at an average price of $40.12. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, Director Malka Meyer sold 1,676,633 shares of the business’s stock. A total of $68,550,854 was realized by selling the stock at an average price of $40.89. This leaves the insider owning 3,297,605 shares of the company worth $130.39 million. A total of 30.56% 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 $42.76. According to the stock market information, the enterprise value for the company is $28482398208, which is based on a 67.38 price-to-earnings ratio, a 9.63 price-to-earnings-growth ratio, and a beta of 2.09. The fifty day moving average price for HOOD is $29.8084 and a two-hundred day moving average price translates $22.298676 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.
