Robinhood Markets, Inc. (NASDAQ:HOOD) Given Consensus Rating of “Moderate Buy” by Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $38.13.

A number of brokerages recently issued reports on HOOD. Citigroup increased their price objective on Robinhood Markets from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. JMP Securities lifted their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays upgraded Robinhood Markets from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $26.00 to $49.00 in a research report on Monday, December 9th. Finally, The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $46.00 in a research note on Friday, December 6th.

Insider Activity

In related news, Director Baiju Bhatt sold 186,514 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the transaction, the director now directly owns 2,521 shares of the company’s stock, valued at approximately $96,125.73. The trade was a 98.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $22.88, for a total value of $5,720,000.00. The disclosure for this sale can be found here. Insiders sold 6,037,689 shares of company stock worth $177,092,487 over the last quarter. Corporate insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Garden State Investment Advisory Services LLC purchased a new stake in Robinhood Markets in the 3rd quarter worth approximately $263,000. Franklin Resources Inc. purchased a new stake in shares of Robinhood Markets during the third quarter worth $6,321,000. Wilmington Savings Fund Society FSB acquired a new stake in Robinhood Markets during the third quarter valued at $351,000. Sanctuary Advisors LLC grew its stake in Robinhood Markets by 44.1% in the third quarter. Sanctuary Advisors LLC now owns 63,216 shares of the company’s stock valued at $1,481,000 after purchasing an additional 19,345 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in Robinhood Markets by 31.1% in the 3rd quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock worth $1,602,000 after purchasing an additional 16,219 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $37.08 on Thursday. Robinhood Markets has a one year low of $10.38 and a one year high of $43.83. The company has a 50-day simple moving average of $32.64 and a 200-day simple moving average of $25.42. The firm has a market capitalization of $32.78 billion, a PE ratio of 62.85, a price-to-earnings-growth ratio of 0.76 and a beta of 2.09.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period last year, the business posted ($0.09) EPS. Equities analysts forecast that Robinhood Markets will post 0.8 earnings per share for the current year.

About Robinhood Markets

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.