Freedom (NASDAQ:FRHC) Announces Earnings Results

Freedom (NASDAQ:FRHC) posted its quarterly earnings results on Monday. The company reported $1.25 EPS for the quarter, Zacks reports. Freedom had a net margin of 0.23% and a return on equity of 0.38%.

Freedom Stock Down 0.5%

Freedom stock traded down $0.60 during mid-day trading on Monday, reaching $122.16. The stock had a trading volume of 89,148 shares, compared to its average volume of 119,836. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 2,036.00 and a beta of 0.84. Freedom has a one year low of $111.85 and a one year high of $194.01. The company has a 50-day moving average price of $129.11 and a two-hundred day moving average price of $151.06.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FRHC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Freedom in a report on Monday, December 29th. Wall Street Zen upgraded Freedom from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Loop Capital set a $59.00 target price on shares of Freedom in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell” and a consensus target price of $59.00.

Hedge Funds Weigh In On Freedom

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning bought a new position in Freedom in the third quarter worth approximately $224,000. Vestcor Inc bought a new stake in shares of Freedom in the third quarter valued at about $258,000. Acadian Asset Management LLC purchased a new stake in Freedom in the first quarter worth about $261,000. Russell Investments Group Ltd. increased its position in Freedom by 15,390.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,549 shares of the company’s stock valued at $267,000 after purchasing an additional 1,539 shares during the period. Finally, Sei Investments Co. bought a new stake in shares of Freedom in the 2nd quarter valued at about $293,000. Institutional investors own 1.26% of the company’s stock.

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.