Centaurus Financial Inc. Makes New $102,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Centaurus Financial Inc. acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,005 shares of the company’s stock, valued at approximately $102,000.

Several other institutional investors also recently bought and sold shares of HOOD. HighTower Advisors LLC grew its stake in Robinhood Markets by 19.9% during the third quarter. HighTower Advisors LLC now owns 74,250 shares of the company’s stock worth $729,000 after buying an additional 12,318 shares during the period. Citigroup Inc. boosted its stake in shares of Robinhood Markets by 81.4% in the third 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 during the period. Deutsche Bank AG boosted its stake in shares of Robinhood Markets by 674.6% in the third quarter. Deutsche Bank AG now owns 373,183 shares of the company’s stock valued at $3,661,000 after purchasing an additional 325,007 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Robinhood Markets in the third quarter valued at $220,000. Finally, Korea Investment CORP purchased a new position in shares of Robinhood Markets in the third quarter valued at $1,167,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HOOD. TheStreet upgraded shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th. KeyCorp upped their target price on shares of Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Piper Sandler upped their target price on shares of Robinhood Markets from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Sanford C. Bernstein initiated coverage on shares of Robinhood Markets in a report on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, Bank of America raised shares of Robinhood Markets from an “underperform” rating to a “buy” rating and upped their price target for the company from $14.00 to $24.00 in a report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.89.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $21.86 on Thursday. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 145.73 and a beta of 1.83. Robinhood Markets, Inc. has a 1-year low of $7.91 and a 1-year high of $24.28. The company’s fifty day moving average is $19.35 and its two-hundred day moving average is $15.87.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.13. The company had revenue of $618.00 million for the quarter, compared to analysts’ expectations of $552.74 million. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The firm’s revenue was up 40.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.57) earnings per share. Sell-side analysts expect that Robinhood Markets, Inc. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $21.03, for a total transaction of $5,257,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $21.03, for a total transaction of $5,257,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Warnick sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $19.59, for a total transaction of $97,950.00. Following the transaction, the chief financial officer now owns 1,002,407 shares of the company’s stock, valued at approximately $19,637,153.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,365,507 shares of company stock worth $25,995,973. Insiders own 19.95% 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.