Freedom (NASDAQ:FRHC) Director Andrew Gamble Sells 357 Shares

Freedom Holding Corp. (NASDAQ:FRHC) Director Andrew Gamble sold 357 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $141.04, for a total value of $50,351.28. Following the sale, the director owned 677 shares of the company’s stock, valued at $95,484.08. The trade was a 34.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Freedom Price Performance

NASDAQ FRHC opened at $135.45 on Thursday. The company has a 50 day simple moving average of $146.03 and a 200-day simple moving average of $136.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 53.96 and a beta of 0.69. Freedom Holding Corp. has a 52-week low of $107.97 and a 52-week high of $194.01.

Freedom (NASDAQ:FRHC) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74). The company had revenue of $486.15 million for the quarter, compared to analysts’ expectations of $124.14 million. Freedom had a net margin of 7.00% and a return on equity of 11.50%.

Wall Street Analysts Forecast Growth

FRHC has been the topic of a number of research reports. Loop Capital set a $138.00 price target on shares of Freedom in a research note on Thursday, February 26th. Weiss Ratings raised Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Finally, KeyCorp restated a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $138.00.

Institutional Trading of Freedom

Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Freedom by 290.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Freedom by 476.2% in the 1st quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Freedom by 111.7% in the 4th quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock valued at $62,000 after purchasing an additional 267 shares during the last quarter. Royal Bank of Canada boosted its holdings in Freedom by 67.2% in the first quarter. Royal Bank of Canada now owns 587 shares of the company’s stock worth $85,000 after purchasing an additional 236 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Freedom by 600.8% in the fourth quarter. Barclays PLC now owns 904 shares of the company’s stock worth $110,000 after purchasing an additional 775 shares in the last quarter. 1.26% of the stock is owned by institutional investors.

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.