The price of Robinhood Markets Inc (NASDAQ:HOOD) shares last traded on Wall Street rose 7.46% to $43.20.
HOOD stock price is now 35.82% away from the 50-day moving average and 87.75% away from the 200-day moving average. The market capitalization of the company currently stands at $39.03B.
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, Bhatt Baiju, Director sold 45,077 shares of the company’s stock on Dec 12 ’24. The stock was sold for $1,803,982 at an average price of $40.02. 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 Dec 12 ’24, Director Malka Meyer sold 32,894 shares of the business’s stock. A total of $1,200,019 was realized by selling the stock at an average price of $36.48. This leaves the insider owning 5,200,042 shares of the company worth $224.64 million. A total of 30.54% 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 $31717750784, which is based on a 73.62 price-to-earnings ratio, a 10.52 price-to-earnings-growth ratio, and a beta of 2.09. The fifty day moving average price for HOOD is $31.3998 and a two-hundred day moving average price translates $22.876225 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.
