Daniel Martin Gallagher, Jr. Sells 12,500 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $22.80, for a total value of $285,000.00. Following the completion of the sale, the insider now directly owns 956,247 shares in the company, valued at approximately $21,802,431.60. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Robinhood Markets Trading Down 2.6 %

Shares of Robinhood Markets stock traded down $0.59 during mid-day trading on Monday, hitting $22.09. 10,559,593 shares of the stock were exchanged, compared to its average volume of 16,106,931. The stock has a market capitalization of $19.41 billion, a price-to-earnings ratio of 151.20 and a beta of 1.84. Robinhood Markets, Inc. has a twelve month low of $7.91 and a twelve month high of $24.28. The company has a 50-day simple moving average of $20.61 and a 200 day simple moving average of $16.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.13. The firm had revenue of $618.00 million for the quarter, compared to analyst estimates of $552.74 million. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. Robinhood Markets’s revenue was up 40.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.57) earnings per share. Equities research analysts forecast that Robinhood Markets, Inc. will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds have recently made changes to their positions in the business. Seven Eight Capital LP purchased a new position in Robinhood Markets in the third quarter valued at about $131,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Robinhood Markets by 92.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 794,599 shares of the company’s stock valued at $7,795,000 after purchasing an additional 381,333 shares during the period. Citigroup Inc. grew its holdings in Robinhood Markets by 81.4% during the 3rd quarter. Citigroup Inc. now owns 428,102 shares of the company’s stock valued at $4,200,000 after purchasing an additional 192,083 shares in the last quarter. Vanguard Group Inc. increased its stake in Robinhood Markets by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock worth $561,732,000 after buying an additional 2,459,702 shares during the period. Finally, Renaissance Capital LLC grew its stake in shares of Robinhood Markets by 27.9% during the fourth quarter. Renaissance Capital LLC now owns 429,386 shares of the company’s stock valued at $5,470,000 after acquiring an additional 93,707 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of recent analyst reports. Wolfe Research raised Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a report on Wednesday, June 26th. KeyCorp increased their price target on shares of Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. The Goldman Sachs Group raised their price objective on shares of Robinhood Markets from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Mizuho upped their target price on shares of Robinhood Markets from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Keefe, Bruyette & Woods began coverage on shares of Robinhood Markets in a research report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.77.

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About Robinhood Markets

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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.

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Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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