In today’s recent session, 19.27 million shares of the Robinhood Markets Inc (NASDAQ:HOOD) have been traded, and its beta is 2.15. Most recently the company’s share price was $48.67, and it changed around $4.31 or 9.72% from the last close, which brings the market valuation of the company to $43.10B. HOOD at last check was trading at a discount to its 52-week high of $66.91, offering almost -37.48% off that amount. The share price’s 52-week low was $13.98, which indicates that the recent value has risen by an impressive 71.28% since then. We note from Robinhood Markets Inc’s average daily trading volume that its 10-day average is 53.52 million shares, with the 3-month average coming to 32.75 million.
Robinhood Markets Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.71. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 7 recommended HOOD as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Robinhood Markets Inc is expected to report earnings per share of 0.41 for the current quarter.
Robinhood Markets Inc (NASDAQ:HOOD) trade information
Instantly HOOD has been showing a green trend so far today with a performance of 9.72% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 48.49 on recent trading daydecreased the stock’s daily price by -0.37%. The company’s shares are currently up 30.63% year-to-date, but still up 15.83% over the last five days. On the other hand, Robinhood Markets Inc (NASDAQ:HOOD) is -5.67% down in the 30-day period. We can see from the shorts that 23.92 million shares have been sold at a short interest cover period of 0.73 day(s).
The consensus price target as assigned by Wall Street analysts is $55, which translates to bulls needing to increase their stock price by 11.51% from its current value. Analyst projections state that HOOD is forecast to be at a low of $40 and a high of $69.
Robinhood Markets Inc (HOOD) estimates and forecasts
The year-over-year growth rate is expected to be 25.38%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 917.12M in revenue for the current quarter. 12 analysts expect Robinhood Markets Inc to make 915.9M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 618M and 682M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 48.40%. Forecasts for the next quarter put sales growth at 34.30%. Robinhood Markets Inc earnings are expected to increase by -6.90% in 2025, but the outlook is positive 7.03% per year for the next five years.
Robinhood Markets Inc (NASDAQ:HOOD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.21% of Robinhood Markets Inc shares, and 73.56% of them are in the hands of institutional investors. The stock currently has a share float of 74.46%. Robinhood Markets Inc stock is held by 966.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 6.9022% of the shares, which is about 60.42 million shares worth $1.37 billion.
RIBBIT MANAGEMENT COMPANY, LLC, with 4.1094% or 36.21 million shares worth $822.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 22.7 shares worth $1.11 billion, making up 2.96% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 10.75 shares worth around $524.65 million, which represents about 1.40% of the total shares outstanding.
