In the latest trading session, 23.8 million Robinhood Markets Inc (NASDAQ:HOOD) shares changed hands as the company’s beta touched 2.14. With the company’s most recent per share price at $44.85 changed hands at -$5.08 or -10.17% at last look, the market valuation stands at $39.71B. HOOD’s current price is a discount, trading about -49.19% off its 52-week high of $66.91. The share price had its 52-week low at $13.98, which suggests the last value was 68.83% up since then.
Analysts gave the Robinhood Markets Inc (HOOD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.85. 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 0.44.
Robinhood Markets Inc (NASDAQ:HOOD) trade information
Instantly HOOD was in red as seen in intraday trades today. With action -25.79%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 20.37%, with the 5-day performance at -25.79% in the red. However, in the 30-day time frame, Robinhood Markets Inc (NASDAQ:HOOD) is -12.27% down.
The consensus price target for the stock as assigned by Wall Street analysts is 54, meaning bulls need an upside of 16.94% from its recent market value. According to analyst projections, HOOD’s forecast low is 40 with 60 as the target high. To hit the forecast high, the stock’s price needs a -33.78% plunge from its current level, while the stock would need to tank 10.81% for it to hit the projected low.
Robinhood Markets Inc (HOOD) estimates and forecasts
Year-over-year growth is forecast to reach 25.99% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 923.43M. 10 analysts are of the opinion that Robinhood Markets Inc’s revenue for the current quarter will be 931.53M. The company’s revenue for the corresponding quarters a year ago was 618M and 682M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 49.42%. The estimates for the next quarter sales put growth at 36.59%.
The 2025 estimates are for Robinhood Markets Inc earnings to decrease by -6.12%, but the outlook for the next 5-year period is at 6.06% per year.
Robinhood Markets Inc (NASDAQ:HOOD)’s Major holders
RIBBIT MANAGEMENT COMPANY, LLC holds the second largest percentage of outstanding shares, with 4.1094% or 36.21 million shares worth $822.28 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 23.01 shares estimated at $1.05 billion under it, the former controlled 3.00% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.36% of the shares, roughly 18.14 shares worth around $825.35 million.
