Freedom (NASDAQ:FRHC) Shares Gap Up – Still a Buy?

Freedom Holding Corp. (NASDAQ:FRHC)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $112.03, but opened at $118.26. Freedom shares last traded at $115.7250, with a volume of 4,071 shares changing hands.

Wall Street Analysts Forecast Growth

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

Freedom Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 5,697.50 and a beta of 0.84. The business has a fifty day moving average price of $125.73 and a 200 day moving average price of $146.57.

Freedom (NASDAQ:FRHC) last released its earnings results on Monday, February 9th. The company reported $1.25 earnings per share (EPS) for the quarter. The firm had revenue of $628.62 million for the quarter. Freedom had a return on equity of 0.21% and a net margin of 0.13%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its holdings in 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 acquiring an additional 154 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Freedom by 111.7% in the fourth quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock worth $62,000 after purchasing an additional 267 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Freedom by 4,426.7% in the third quarter. Farther Finance Advisors LLC now owns 679 shares of the company’s stock worth $117,000 after purchasing an additional 664 shares during the last quarter. Barclays PLC increased its holdings in Freedom by 600.8% in the fourth quarter. Barclays PLC now owns 904 shares of the company’s stock valued at $110,000 after purchasing an additional 775 shares during the period. Finally, CFC Planning Co LLC bought a new position in Freedom during the 3rd quarter worth $205,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

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.