Robinhood Markets, Inc. (NASDAQ:HOOD) Receives Average Rating of “Hold” from Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $19.89.

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a report on Thursday, June 6th. Citigroup raised their price target on shares of Robinhood Markets from $16.00 to $18.00 and gave the stock a “sell” rating in a research note on Thursday, June 13th. Piper Sandler raised their price objective on shares of Robinhood Markets from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Morgan Stanley raised their price target on shares of Robinhood Markets from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Sanford C. Bernstein began coverage on shares of Robinhood Markets in a report on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price target for the company.

Insider Buying and Selling

In other news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.67, for a total value of $4,667,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.67, for a total transaction of $4,667,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Baiju Bhatt sold 153,180 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $16.63, for a total transaction of $2,547,383.40. The disclosure for this sale can be found here. Insiders have sold 1,365,507 shares of company stock valued at $25,995,973 over the last quarter. Corporate insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the company. 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 valued at $729,000 after acquiring an additional 12,318 shares in the last quarter. Citigroup Inc. lifted 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 buying an additional 192,083 shares in the last quarter. Deutsche Bank AG lifted its holdings in Robinhood Markets by 674.6% during the 3rd quarter. Deutsche Bank AG now owns 373,183 shares of the company’s stock valued at $3,661,000 after buying an additional 325,007 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Robinhood Markets in the 3rd quarter valued at about $220,000. Finally, Korea Investment CORP bought a new stake in shares of Robinhood Markets in the 3rd quarter valued at about $1,167,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Trading Down 1.8 %

Shares of HOOD opened at $21.86 on Thursday. The stock has a market capitalization of $19.21 billion, a P/E ratio of 145.73 and a beta of 1.83. The firm’s fifty day simple moving average is $19.35 and its two-hundred day simple moving average is $15.87. Robinhood Markets has a 12 month low of $7.91 and a 12 month high of $24.28.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data 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 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 business’s revenue was up 40.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.57) EPS. As a group, research analysts predict that Robinhood Markets will post 0.53 EPS for the current fiscal 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.