Freedom Holding Corp. (NASDAQ:FRHC – Get Free Report) insider Azamat Yerdessov sold 16,800 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.48, for a total value of $2,612,064.00. Following the completion of the sale, the insider directly owned 227,442 shares of the company’s stock, valued at approximately $35,362,682.16. The trade was a 6.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Freedom Trading Down 2.0%
Shares of Freedom stock opened at $139.01 on Thursday. The business has a fifty day simple moving average of $148.45 and a two-hundred day simple moving average of $135.92. Freedom Holding Corp. has a 1 year low of $107.97 and a 1 year high of $194.01. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 55.38 and a beta of 0.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03.
Freedom (NASDAQ:FRHC – Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.74). Freedom had a net margin of 7.00% and a return on equity of 11.50%. The business had revenue of $486.15 million for the quarter, compared to analyst estimates of $124.14 million.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
FRHC has been the topic of several recent research reports. Weiss Ratings upgraded Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. KeyCorp restated a “market perform” rating on shares of Freedom in a research report on Friday, June 5th. Finally, Loop Capital set a $138.00 price target on Freedom in a research report on Thursday, February 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $138.00.
Get Our Latest Stock Analysis on FRHC
About Freedom
Freedom Holding Corp (NASDAQ: FRHC) is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.
The firm’s product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.
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