Freedom (NASDAQ:FRHC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Freedom (NASDAQ:FRHC) from a sell rating to a hold rating in a research note issued to investors on Saturday.

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

Freedom Trading Down 0.1%

FRHC opened at $126.00 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.03. The firm has a market cap of $7.71 billion, a P/E ratio of 2,100.00 and a beta of 0.84. Freedom has a 52 week low of $111.85 and a 52 week high of $194.01. The business has a fifty day simple moving average of $132.44 and a 200-day simple moving average of $154.30.

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

Institutional Investors Weigh In On Freedom

Several institutional investors and hedge funds have recently bought and sold shares of FRHC. 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 worth $59,000 after acquiring an additional 78 shares during the period. Amalgamated Bank boosted its holdings in Freedom by 5.6% during 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 in the last quarter. Teacher Retirement System of Texas boosted its holdings in Freedom by 3.9% during the second quarter. Teacher Retirement System of Texas now owns 2,761 shares of the company’s stock valued at $403,000 after purchasing an additional 103 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Freedom by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 5,419 shares of the company’s stock valued at $933,000 after purchasing an additional 121 shares during the period. Finally, Xponance Inc. raised its holdings in shares of Freedom by 7.0% in the 3rd quarter. Xponance Inc. now owns 2,400 shares of the company’s stock worth $413,000 after buying an additional 157 shares in the last quarter. Institutional investors own 1.26% of the company’s stock.

About Freedom

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.