Robinhood Markets (HOOD) Set to Announce Earnings on Wednesday

Robinhood Markets (NASDAQ:HOOD) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The firm had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $454.73 million. During the same period in the prior year, the business earned ($0.19) EPS. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. On average, analysts expect Robinhood Markets to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Robinhood Markets Stock Up 1.9 %

Robinhood Markets stock opened at $17.95 on Monday. The firm’s fifty day moving average is $17.70 and its 200 day moving average is $13.24. Robinhood Markets has a 12-month low of $7.91 and a 12-month high of $20.55. The company has a market capitalization of $15.70 billion, a PE ratio of -29.92 and a beta of 1.74.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HOOD shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Robinhood Markets from $12.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, March 19th. KeyCorp raised their target price on Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Citigroup lowered Robinhood Markets from a “neutral” rating to a “sell” rating and increased their price target for the company from $13.00 to $16.00 in a research report on Thursday, April 11th. Piper Sandler lifted their price objective on shares of Robinhood Markets from $12.50 to $17.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, Morgan Stanley increased their target price on shares of Robinhood Markets from $11.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.88.

Insider Activity

In other Robinhood Markets news, CFO Jason Warnick sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $16.72, for a total value of $83,600.00. Following the completion of the sale, the chief financial officer now owns 997,407 shares in the company, valued at $16,676,645.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Jason Warnick sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $16.72, for a total transaction of $83,600.00. Following the completion of the transaction, the chief financial officer now directly owns 997,407 shares of the company’s stock, valued at $16,676,645.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 500,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.12, for a total value of $7,560,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,150,526 shares of company stock valued at $34,221,892. Insiders own 20.81% of the company’s stock.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.