Freedom (NASDAQ:FRHC) Releases Quarterly Earnings Results, Misses Estimates By $0.74 EPS

Freedom (NASDAQ:FRHC) released its quarterly earnings results on Monday. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.74), FiscalAI reports. Freedom had a net margin of 0.13% and a return on equity of 0.21%. The business had revenue of $486.15 million during the quarter, compared to analyst estimates of $124.14 million.

Freedom Stock Performance

Shares of FRHC traded up $7.65 on Monday, reaching $150.47. 208,231 shares of the company’s stock traded hands, compared to its average volume of 107,829. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.03. The stock has a market cap of $9.21 billion, a PE ratio of 7,523.50 and a beta of 0.69. The stock’s 50 day simple moving average is $147.13 and its two-hundred day simple moving average is $135.24. Freedom has a 52-week low of $107.97 and a 52-week high of $194.01.

Institutional Trading of Freedom

A number of institutional investors and hedge funds have recently modified their holdings of FRHC. Xponance LLC increased its holdings in Freedom by 4.1% during the fourth quarter. Xponance LLC now owns 2,498 shares of the company’s stock worth $304,000 after buying an additional 98 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in Freedom by 1.2% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 8,110 shares of the company’s stock worth $987,000 after buying an additional 98 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Freedom by 290.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in Freedom by 18.2% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,406 shares of the company’s stock worth $171,000 after buying an additional 216 shares during the last quarter. Finally, Engineers Gate Manager LP increased its position in Freedom by 9.6% in the fourth quarter. Engineers Gate Manager LP now owns 2,948 shares of the company’s stock worth $359,000 after buying an additional 257 shares during the last quarter. 1.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.