Freedom Holding Corp. (NASDAQ:FRHC – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $177.50 and last traded at $176.8750, with a volume of 39540 shares changing hands. The stock had previously closed at $174.13.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on FRHC shares. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. Weiss Ratings cut shares of Freedom from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. Wedbush set a $180.00 target price on shares of Freedom in a research note on Thursday, August 6th. Finally, HC Wainwright reiterated a “buy” rating on shares of Freedom in a research note on Monday, July 20th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $159.00.
Read Our Latest Research Report on FRHC
Freedom Trading Up 1.5%
Freedom (NASDAQ:FRHC – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). The business had revenue of $554.96 million for the quarter, compared to the consensus estimate of $124.14 million. Freedom had a net margin of 6.47% and a return on equity of 10.96%.
Insider Transactions at Freedom
In other Freedom news, CFO Valeriy Kim sold 5,000 shares of Freedom stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $169.31, for a total value of $846,550.00. Following the transaction, the chief financial officer owned 47,400 shares in the company, valued at $8,025,294. The trade was a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 69.80% of the stock is currently owned by company insiders.
Institutional Trading of Freedom
Large investors have recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new position in shares of Freedom during the second quarter worth about $395,000. Nykredit A S acquired a new position in Freedom during the second quarter worth about $118,000. Wedmont Private Capital purchased a new stake in Freedom during the 2nd quarter worth about $210,000. Odyssean LLC boosted its position in shares of Freedom by 87.7% in the second quarter. Odyssean LLC now owns 21,511 shares of the company’s stock worth $2,807,000 after acquiring an additional 10,052 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Freedom during the second quarter worth approximately $318,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.
About Freedom
Freedom Holding Corp. is a financial services company that provides brokerage, banking, investment banking and insurance services through its subsidiaries. The company serves individual and institutional clients with access to securities trading, investment products, research, wealth management and related financial services.
Its brokerage operations offer online and mobile platforms for trading stocks, bonds, exchange-traded funds and other securities. The company also provides investment banking and capital-markets services, including support for corporate financing and securities transactions.
Read More
- Five stocks we like better than Freedom
- AMD Chips Away at NVIDIA’s AI Throne
- Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?
- IonQ’s AI Breakthrough Looks Big—But Can It Drive Revenue?
- Broadcom CEO Holds $350B Outlook Strong Amid Calls to Slow Froniter AI Development
Receive News & Ratings for Freedom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freedom and related companies with MarketBeat.com's FREE daily email newsletter.
