In the latest trading session, 6.15 million Robinhood Markets Inc (NASDAQ:HOOD) shares changed hands as the company’s beta touched 2.09. With the company’s most recent per share price at $38.31 changing hands around $0.69 or 1.82% at last look, the market valuation stands at $33.86B. HOOD’s current price is a discount, trading about -3.73% off its 52-week high of $39.74. The share price had its 52-week low at $9.33, which suggests the last value was 75.65% up since then. When we look at Robinhood Markets Inc’s average trading volume, we note the 10-day average is 24.0 million shares, with the 3-month average coming to 17.24 million.
Analysts gave the Robinhood Markets Inc (HOOD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.94. If we narrow down to specifics, the data shows that 5 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended HOOD as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Robinhood Markets Inc’s EPS for the current quarter is expected to be 0.26.
Robinhood Markets Inc (NASDAQ:HOOD) trade information
Instantly HOOD is in green as seen in intraday trades today. With action 1.20%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 200.67%, with the 5-day performance at 1.20% in the green. However, in the 30-day time frame, Robinhood Markets Inc (NASDAQ:HOOD) is 59.80% up. Looking at the short shares, we see there were 23.85 million shares sold at short interest cover period of 1.22 days.
The consensus price target for the stock as assigned by Wall Street analysts is 26, meaning bulls need a downside of -47.35% from its recent market value. According to analyst projections, HOOD’s forecast low is 5 with 55 as the target high. To hit the forecast high, the stock’s price needs a -43.57% plunge from its current level, while the stock would need to tank 86.95% for it to hit the projected low.
Robinhood Markets Inc (HOOD) estimates and forecasts
Data shows that the Robinhood Markets Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 84.34% over the past 6 months, a 221.31% in annual growth rate that is considerably higher than the industry average of 20.50%. Year-over-year growth is forecast to reach 40.25% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 670.21M. 9 analysts are of the opinion that Robinhood Markets Inc’s revenue for the current quarter will be 693.98M. The company’s revenue for the corresponding quarters a year ago was 471M and 618M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 42.30%. The estimates for the next quarter sales put growth at 12.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -48.35%. The 2024 estimates are for Robinhood Markets Inc earnings to increase by 220.96%, but the outlook for the next 5-year period is at 7.00% per year.
HOOD Dividends
Robinhood Markets Inc is expected to release its next quarterly earnings report in January.
Robinhood Markets Inc (NASDAQ:HOOD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.73% of Robinhood Markets Inc shares while 78.81% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.39%. There are 78.81% institutions holding the Robinhood Markets Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 6.9022% of the shares, roughly 60.42 million HOOD shares worth $1.37 billion.
RIBBIT MANAGEMENT COMPANY, LLC holds the second largest percentage of outstanding shares, with 4.1364% or 36.21 million shares worth $822.28 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 20.3 shares estimated at $773.58 million under it, the former controlled 2.66% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.38% of the shares, roughly 18.14 shares worth around $691.25 million.
