Freedom (NASDAQ:FRHC) Lowered to Sell Rating by Wall Street Zen

Freedom (NASDAQ:FRHC) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Freedom in a research note on Monday. Loop Capital set a $100.00 price objective on Freedom in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Freedom presently has an average rating of “Sell” and a consensus price target of $100.00.

Freedom Trading Down 0.6%

NASDAQ FRHC opened at $131.33 on Friday. The business’s fifty day moving average is $139.66 and its 200-day moving average is $156.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 2,188.83 and a beta of 0.91. Freedom has a one year low of $111.85 and a one year high of $194.01.

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

Hedge Funds Weigh In On Freedom

Several hedge funds have recently made changes to their positions in the stock. Twin Tree Management LP purchased a new stake in Freedom during the 1st quarter worth about $29,000. Signaturefd LLC increased its position in shares of Freedom by 23.8% during the second quarter. Signaturefd LLC now owns 406 shares of the company’s stock valued at $59,000 after buying an additional 78 shares during the period. Farther Finance Advisors LLC increased its position in shares of Freedom by 4,426.7% during the third quarter. Farther Finance Advisors LLC now owns 679 shares of the company’s stock valued at $117,000 after buying an additional 664 shares during the period. CFC Planning Co LLC purchased a new stake in shares of Freedom in the third quarter worth about $205,000. Finally, Advyzon Investment Management LLC bought a new position in shares of Freedom in the third quarter valued at approximately $207,000. 1.26% of the stock is currently owned by hedge funds and other 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.