Brokerages Set Robinhood Markets, Inc. (NASDAQ:HOOD) PT at $26.10

Robinhood Markets, Inc. (NASDAQ:HOOD) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $28.66.

HOOD has been the topic of a number of research reports. Needham & Company LLC raised shares of Robinhood Markets from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Robinhood Markets from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Sanford C. Bernstein lifted their target price on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group cut their price target on Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods decreased their price objective on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $36.65 on Friday. Robinhood Markets has a fifty-two week low of $8.13 and a fifty-two week high of $38.11. The firm has a fifty day moving average price of $26.96 and a two-hundred day moving average price of $22.96. The firm has a market cap of $32.40 billion, a price-to-earnings ratio of 62.12, a P/E/G ratio of 0.82 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. Robinhood Markets’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) EPS. As a group, sell-side analysts expect that Robinhood Markets will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $19.26, for a total transaction of $4,815,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Warnick sold 25,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $20.96, for a total value of $524,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,077,162 shares in the company, valued at approximately $22,577,315.52. This represents a 2.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,710,549 shares of company stock worth $115,477,194 in the last quarter. 19.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors have recently modified their holdings of HOOD. Allspring Global Investments Holdings LLC bought a new position in Robinhood Markets in the 1st quarter valued at $34,000. Empowered Funds LLC bought a new stake in shares of Robinhood Markets during the first quarter worth approximately $262,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Robinhood Markets by 25.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 35,347 shares of the company’s stock valued at $712,000 after buying an additional 7,271 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Robinhood Markets by 33.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 244,627 shares of the company’s stock valued at $4,924,000 after acquiring an additional 61,933 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in shares of Robinhood Markets during the first quarter worth $84,000. 93.27% of the stock is owned by institutional investors.

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.