Robinhood Markets Inc (NASDAQ: HOOD) is 32.58% higher on its value in year-to-date trading and has touched a low of $10.51 and a high of $52.06 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 $47.74 in the last trading session, with the day’s gains setting it 1.66%.
Currently trading at $49.40, the stock is 12.35% and 22.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.55 million and changing 3.48% at the moment leaves the stock 87.69% off its SMA200. HOOD registered 361.68% gain for a year compared to 6-month gain of 133.02%. The firm has a 50-day simple moving average (SMA 50) of $39.8552 and a 200-day simple moving average (SMA200) of $26.164875.
The stock witnessed a 24.81% loss in the last 1 month and extending the period to 3 months gives it a 81.48%, and is -1.20% down 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 4.48% over the week and 4.98% over the month.
Robinhood Markets Inc (HOOD) has around 2200 employees, a market worth around $43.67B and $2.44B in sales. Current P/E ratio is 84.19 and Fwd P/E is 41.85. Profit margin for the company is 21.55%. Distance from 52-week low is 370.03% and -5.11% from its 52-week high. The company has generated returns on investments over the last 12 months (7.21%).
with sales reaching $930.22M over the same period.The EPS is expected to grow by 252.35% this year, but quarterly earnings will post 51.78% year-over-year. Quarterly sales are estimated to grow 97.50% in year-over-year returns.
Robinhood Markets Inc (HOOD) Top Institutional Holders
756.0 institutions hold shares in Robinhood Markets Inc (HOOD), with institutional investors hold 80.27% of the company’s shares. The shares outstanding are 761.99M, and float is at 600.17M with Short Float at 2.87%. Institutions hold 79.71% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 60.42 million shares valued at $1.37 billion. The investor’s holdings represent 6.9022% of the HOOD Shares outstanding. As of 2024-06-30, the second largest holder is RIBBIT MANAGEMENT COMPANY, LLC with 36.21 million shares valued at $822.28 million to account for 4.1364 of the shares outstanding. The other top investors are INDEX VENTURE ASSOCIATES VI LTD which holds 36.17 million shares representing 4.1322% and valued at over $821.42 million, while BLACKROCK INC. holds 3.7915 of the shares totaling 33.19 million with a market value of $753.69 million.
Robinhood Markets Inc (HOOD) Insider Activity
The most recent transaction is an insider sale by Bhatt Baiju, the company’s Director. SEC filings show that Bhatt Baiju sold 90,866 shares of the company’s common stock on Jan 22 ’25 at a price of $50.67 per share for a total of $4.6 million. Following the sale, the insider now owns 0.0 shares.
Robinhood Markets Inc disclosed in a document filed with the SEC on Jan 22 ’25 that Tenev Vladimir (Chief Executive Officer) sold a total of 500,000 shares of the company’s common stock. The trade occurred on Jan 22 ’25 and was made at $50.77 per share for $25.39 million. Following the transaction, the insider now directly holds 0.0 shares of the HOOD stock.
Still, SEC filings show that on Jan 22 ’25, VLADIMIR TENEV (Director) Proposed Sale 500,000 shares at an average price of $50.00 for $25.0 million. The insider now directly holds shares of Robinhood Markets Inc (HOOD).
