Freedom (NASDAQ:FRHC) Director Sells $42,564.00 in Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $141.88, for a total value of $42,564.00. Following the completion of the sale, the director owned 457 shares of the company’s stock, valued at $64,839.16. The trade was a 39.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Freedom Stock Up 4.6%

Shares of Freedom stock opened at $155.13 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03. Freedom Holding Corp. has a 52-week low of $107.97 and a 52-week high of $194.01. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 61.81 and a beta of 0.68. The company’s 50 day moving average price is $147.99 and its 200-day moving average price is $140.09.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FRHC shares. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. HC Wainwright reissued a “buy” rating on shares of Freedom in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded Freedom from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $138.00.

Hedge Funds Weigh In On Freedom

A number of institutional investors have recently added to or reduced their stakes in FRHC. Caitong International Asset Management Co. Ltd lifted its position in Freedom by 290.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the period. Parallel Advisors LLC grew its position in shares of Freedom by 476.2% in the 1st quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock worth $53,000 after buying an additional 300 shares during the period. Wells Fargo & Company MN grew its position in shares of Freedom by 111.7% in the 4th quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock worth $62,000 after buying an additional 267 shares during the period. CoreCap Advisors LLC bought a new position in shares of Freedom in the 2nd quarter worth about $78,000. Finally, Royal Bank of Canada increased its stake in shares of Freedom by 67.2% in the 1st quarter. Royal Bank of Canada now owns 587 shares of the company’s stock worth $85,000 after acquiring an additional 236 shares in the last quarter. 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.