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Robinhood gains a net amount of capital of approximately $158.5 million. Robinhood expects to close the issuance of the additional shares on August 31, 2021.
Robinhood currently trades at around $46 a share with a market cap of over $39 billion. Robinhood has traded as high at $85 a share and a low of around $33 a share.
Analysts land on either side of the prospects for the digital trading platform with four buy ratings, five hold ratings and a single analyst advising investors to sell the stock. One analyst has posted a price target of $68 a share.
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