Freedom (NASDAQ:FRHC) Announces Earnings Results

by · The Cerbat Gem

Freedom (NASDAQ:FRHC – Get Free Report) released its earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74), FiscalAI reports. The firm had revenue of $486.15 million during the quarter, compared to analysts’ expectations of $124.14 million. Freedom had a return on equity of 0.21% and a net margin of 0.13%.

Freedom Trading Up 5.4%

FRHC stock traded up $7.65 during trading on Monday, hitting $150.47. 208,231 shares of the company traded hands, compared to its average volume of 107,829. The firm has a market capitalization of $9.21 billion, a PE ratio of 7,523.50 and a beta of 0.69. Freedom has a 1 year low of $107.97 and a 1 year high of $194.01. The company has a 50-day moving average of $147.13 and a 200-day moving average of $135.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.15 and a current ratio of 1.15.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Loop Capital set a $138.00 target price on shares of Freedom in a research note on Thursday, February 26th. Weiss Ratings upgraded shares of Freedom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Freedom currently has a consensus rating of “Sell” and an average price target of $138.00.

View Our Latest Stock Report on Freedom

Institutional Investors Weigh In On Freedom

Several institutional investors have recently added to or reduced their stakes in FRHC. Amundi purchased a new stake in Freedom during the 1st quarter valued at $483,000. Millennium Management LLC lifted its holdings in Freedom by 648.1% in the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock worth $16,117,000 after buying an additional 105,641 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Freedom by 214.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock worth $9,915,000 after buying an additional 51,159 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Freedom by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,068 shares of the company’s stock worth $4,899,000 after buying an additional 3,771 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Freedom by 86.1% in the 1st quarter. Jane Street Group LLC now owns 7,583 shares of the company’s stock worth $1,002,000 after purchasing an additional 3,509 shares during the period. Hedge funds and other institutional investors own 1.26% of the company’s stock.

About Freedom

(Get Free Report)

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.

Featured Articles