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Things appear to be looking up for Robinhood Markets Inc (HOOD)

Robinhood Markets Inc (NASDAQ: HOOD) is 50.71% higher on its value in year-to-date trading and has touched a low of $7.91 and a high of $20.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HOOD stock was last observed hovering at around $19.41 in the last trading session, with the day’s loss setting it -0.21%.

Currently trading at $19.20, the stock is 7.19% and 30.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.91 million and changing -1.08% at the moment leaves the stock 65.67% off its SMA200. HOOD registered 102.96% gain for a year compared to 6-month gain of 95.72%. The firm has a 50-day simple moving average (SMA 50) of $6.39 and a 200-day simple moving average (SMA200) of -$25.89.

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The stock witnessed a 15.80% loss in the last 1 month and extending the period to 3 months gives it a 50.71%, and is 0.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.33% over the week and 5.02% over the month.

Robinhood Markets Inc (HOOD) has around 2200 employees, a market worth around $16.79B and $1.89B in sales. Fwd P/E is 59.57. Profit margin for the company is -28.65%. Distance from 52-week low is 142.73% and -6.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.97%).

Robinhood Markets Inc quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $534.72M over the same period.The EPS is expected to grow by 141.18% this year, but quarterly earnings will post 17.80% year-over-year. Quarterly sales are estimated to grow 26.00% in year-over-year returns.

Robinhood Markets Inc (HOOD) Top Institutional Holders

512 institutions hold shares in Robinhood Markets Inc (HOOD), with institutional investors hold 84.80% of the company’s shares. The shares outstanding are 745.40M, and float is at 438.78M with Short Float at 7.34%. Institutions hold 77.93% of the Float.

The top institutional shareholder in the company is Galileo (ptc) Ltd with over 58.06 million shares valued at $579.47 million. The investor’s holdings represent 7.40% of the HOOD Shares outstanding. As of Jun 29, 2023, the second largest holder is Index Venture Associates VI Ltd with 57.9 million shares valued at $577.84 million to account for 7.38% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 54.8 million shares representing 6.99% and valued at over $546.92 million, while ARK Investment Management, LLC holds 4.19% of the shares totaling 32.83 million with a market value of $322.11 million.

Robinhood Markets Inc (HOOD) Insider Activity

The most recent transaction is an insider sale by Warnick Jason,the company’sChief Financial Officer. SEC filings show that Warnick Jason sold 5,000 shares of the company’s common stock on Apr 01 ’24 at a price of $19.59 per share for a total of $97960.0. Following the sale, the insider now owns 1.0 million shares.

Robinhood Markets Inc disclosed in a document filed with the SEC on Mar 19 ’24 that Bhatt Baiju (Chief Creative Officer) sold a total of 16,667 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $17.17 per share for $0.29 million. Following the transaction, the insider now directly holds 0.0 shares of the HOOD stock.

Still, SEC filings show that on Mar 12 ’24, Bhatt Baiju (Chief Creative Officer) disposed off 157,177 shares at an average price of $16.41 for $2.58 million. The insider now directly holds 0 shares of Robinhood Markets Inc (HOOD).

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