Robinhood Markets Inc (NASDAQ:HOOD)’s traded shares stood at 10.75 million during the latest session, with the company’s beta value hitting 2.08. At the last check today, the stock’s price was $47.42, to imply an increase of 2.91% or $1.34 in intraday trading. The HOOD share’s 52-week high remains $46.85, putting it 1.2% up since that peak but still an impressive 78.11% since price per share fell to its 52-week low of $10.38. The company has a valuation of $41.92B, with an average of 20.39 million shares in intraday trading volume over the past 10 days and average of 22.30 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Robinhood Markets Inc (HOOD), translating to a mean rating of 1.67. Of 18 analyst(s) looking at the stock, 5 analyst(s) give HOOD a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.53.
Robinhood Markets Inc (NASDAQ:HOOD) trade information
After registering a 2.91% upside in the latest session, Robinhood Markets Inc (HOOD) has traded red over the past five days. The 5-day price performance for the stock is 18.31%, and 9.77% over 30 days. With these gigs, the year-to-date price performance is 27.27%. Short interest in Robinhood Markets Inc (NASDAQ:HOOD) saw shorts transact 14.81 million shares and set a 0.61 days time to cover.
The extremes give us $18 and $60 for target low and target high price respectively. As such, HOOD has been trading -26.53% off suggested target high and 62.04% from its likely low.
Robinhood Markets Inc (HOOD) estimates and forecasts
Looking at statistics comparing Robinhood Markets Inc share performance against respective industry, we note that the company has outperformed competitors. Robinhood Markets Inc (HOOD) shares are 107.71% up over the last 6 months, with its year-to-date growth rate higher than industry average at 249.18% against 15.10%. The rating firms project that company’s revenue will grow 51.78% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 930.22M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 834.06M.Earnings reports from the last fiscal year show that sales brought in 471M and 618M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 97.50% before jumping 34.96% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -48.35% for the past 5-year period. While 2025 is set for a 252.35% return in earnings, projections for the next 5 years are at 7.00% annually.
HOOD Dividends
Robinhood Markets Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Robinhood Markets Inc (NASDAQ:HOOD)’s Major holders
Robinhood Markets Inc insiders hold 0.70% of total outstanding shares, with institutional holders owning 79.12% of the shares at 79.69% float percentage. In total, 79.12% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 60.42 million shares (or 6.9022% of shares), all amounting to roughly $1.37 billion.
The next major institution holding the largest number of shares is RIBBIT MANAGEMENT COMPANY, LLC with 36.21 million shares, or about 4.1364% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $822.28 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Robinhood Markets Inc (HOOD) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 23.01 shares. This is just over 3.01% of the total shares, with a market valuation of $1.1 billion. Data from the same date shows that the other fund manager holds a little less at 18.14, or 2.38% of the shares, all valued at about 867.42 million.
