Key Points
- Director Boris Cherdabayev sold 150 Freedom shares at an average price of $136.33, generating $20,449.50 and reducing his direct ownership by 32.82% to 307 shares.
- Freedom reported quarterly EPS of $0.13, missing the $0.87 consensus estimate, despite revenue of $486.15 million versus expectations of $124.14 million. Net margin was 7.0% and return on equity was 11.5%.
- Analyst sentiment is currently Hold, with one Buy and two Hold ratings and an average price target of $138.00; FRHC was trading at $154.63, with a market capitalization of $9.48 billion and a P/E ratio of 61.61.
Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) Director Boris Cherdabayev sold 150 shares of the business's stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $136.33, for a total value of $20,449.50. Following the completion of the transaction, the director directly owned 307 shares of the company's stock, valued at approximately $41,853.31. This trade represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Freedom Stock Down 1.0%
FRHC opened at $154.63 on Wednesday. The firm has a market cap of $9.48 billion, a P/E ratio of 61.61 and a beta of 0.68. The business's fifty day simple moving average is $147.82 and its 200 day simple moving average is $139.83. Freedom Holding Corp. has a 52 week low of $107.97 and a 52 week high of $194.01. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.03.
Freedom (NASDAQ:FRHC - Get Free Report) last released its earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.74). Freedom had a net margin of 7.00% and a return on equity of 11.50%. The firm had revenue of $486.15 million during the quarter, compared to analysts' expectations of $124.14 million.
Institutional Investors Weigh In On Freedom
Institutional investors have recently bought and sold shares of the stock. Amundi acquired a new position in Freedom during the first quarter worth approximately $483,000. Millennium Management LLC raised its stake in Freedom by 648.1% during the first quarter. Millennium Management LLC now owns 121,942 shares of the company's stock worth $16,117,000 after purchasing an additional 105,641 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Freedom by 214.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company's stock valued at $9,915,000 after purchasing an additional 51,159 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 valued at $4,899,000 after purchasing an additional 3,771 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Freedom by 86.1% during the 1st quarter. Jane Street Group LLC now owns 7,583 shares of the company's stock valued at $1,002,000 after buying an additional 3,509 shares during the period. 1.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. KeyCorp reissued a "market perform" rating on shares of Freedom in a research note on Friday, June 5th. HC Wainwright reaffirmed a "buy" rating on shares of Freedom in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded Freedom from a "sell (d+)" rating to a "hold (c)" rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $138.00.
View Our Latest Stock Analysis on FRHC
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.
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