Freedom (NASDAQ:FRHC) Upgraded to “Hold” at Wall Street Zen

Freedom (NASDAQ:FRHC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research firms have also recently weighed in on FRHC. Loop Capital set a $155.00 price target on Freedom in a report on Friday, January 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Freedom in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Freedom currently has an average rating of “Sell” and a consensus target price of $155.00.

Freedom Stock Down 0.1%

NASDAQ:FRHC opened at $126.00 on Friday. The firm’s 50-day moving average price is $132.72 and its 200-day moving average price is $154.24. The company has a market capitalization of $7.71 billion, a PE ratio of 2,100.00 and a beta of 0.84. Freedom has a 1-year low of $111.85 and a 1-year high of $194.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.16.

Freedom (NASDAQ:FRHC) last issued its earnings results on Friday, November 7th. The company reported $0.63 earnings per share (EPS) for the quarter. The business had revenue of $526.11 million during the quarter. Freedom had a net margin of 0.23% and a return on equity of 0.38%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in shares of Freedom by 23.8% during the 2nd quarter. Signaturefd LLC now owns 406 shares of the company’s stock valued at $59,000 after purchasing an additional 78 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Freedom by 5.6% in the third quarter. Amalgamated Bank now owns 1,523 shares of the company’s stock valued at $262,000 after purchasing an additional 81 shares during the period. Teacher Retirement System of Texas raised its position in Freedom by 3.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,761 shares of the company’s stock worth $403,000 after buying an additional 103 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Freedom by 2.3% during the third quarter. Arizona State Retirement System now owns 5,419 shares of the company’s stock worth $933,000 after purchasing an additional 121 shares during the last quarter. Finally, Xponance Inc. grew its holdings in Freedom by 7.0% during the third quarter. Xponance Inc. now owns 2,400 shares of the company’s stock worth $413,000 after acquiring an additional 157 shares during the period. 1.26% of the stock is owned by institutional investors.

Freedom Company Profile

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.