Boris Cherdabayev Sells 150 Shares of Freedom (NASDAQ:FRHC) Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 150 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $136.33, for a total value of $20,449.50. Following the sale, the director owned 307 shares of the company’s stock, valued at $41,853.31. This represents a 32.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Freedom Trading Down 0.2%

FRHC stock traded down $0.26 during midday trading on Tuesday, reaching $155.95. 56,549 shares of the company’s stock traded hands, compared to its average volume of 132,807. 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 company has a market capitalization of $9.56 billion, a P/E ratio of 62.13 and a beta of 0.68. The business has a 50-day moving average price of $147.65 and a two-hundred day moving average price of $139.68. Freedom Holding Corp. has a fifty-two week low of $107.97 and a fifty-two week high of $194.01.

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

Hedge Funds Weigh In On Freedom

Hedge funds and other institutional investors have recently modified their holdings of the stock. Daytona Street Capital LLC acquired a new position in Freedom in the 4th quarter worth approximately $2,434,000. UBS Group AG boosted its position in Freedom by 139.7% during the fourth quarter. UBS Group AG now owns 27,810 shares of the company’s stock valued at $3,384,000 after purchasing an additional 16,210 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Freedom by 29.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 15,707 shares of the company’s stock worth $1,911,000 after purchasing an additional 3,549 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Freedom by 15.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,845 shares of the company’s stock valued at $346,000 after acquiring an additional 373 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new stake in Freedom in the second quarter worth $78,000. Institutional investors and hedge funds own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on FRHC shares. KeyCorp restated a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. HC Wainwright reaffirmed a “buy” rating on shares of Freedom in a report on Monday, July 20th. Finally, Weiss Ratings raised 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 issued a Hold rating to the company. According to data from MarketBeat.com, Freedom currently has a consensus rating of “Hold” and an average target price 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.