Toth Financial Advisory Corp Invests $612,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

Toth Financial Advisory Corp purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the first quarter, HoldingsChannel reports. The fund purchased 30,400 shares of the company’s stock, valued at approximately $612,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HOOD. Seven Eight Capital LP bought a new stake in Robinhood Markets in the 3rd quarter valued at $131,000. Banque Cantonale Vaudoise lifted its position in Robinhood Markets by 21,404.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 96,768 shares of the company’s stock valued at $1,948,000 after acquiring an additional 96,318 shares in the last quarter. Gulf International Bank UK Ltd bought a new stake in Robinhood Markets in the 4th quarter valued at $764,000. Wellington Management Group LLP bought a new stake in Robinhood Markets in the 4th quarter valued at $8,299,000. Finally, Strs Ohio bought a new stake in Robinhood Markets in the 4th quarter valued at $750,000. 93.27% of the stock is owned by institutional investors.

Insider Activity at Robinhood Markets

In related news, CFO Jason Warnick sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $19.59, for a total value of $97,950.00. Following the transaction, the chief financial officer now owns 1,002,407 shares in the company, valued at approximately $19,637,153.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Jason Warnick sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $19.59, for a total value of $97,950.00. Following the transaction, the chief financial officer now owns 1,002,407 shares in the company, valued at approximately $19,637,153.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Baiju Bhatt sold 116,669 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $22.02, for a total transaction of $2,569,051.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,486,733 shares of company stock worth $28,618,091. Insiders own 19.95% of the company’s stock.

Wall Street Analysts Forecast Growth

HOOD has been the topic of several research reports. Mizuho boosted their price objective on shares of Robinhood Markets from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Robinhood Markets in a research report on Thursday, June 6th. Barclays boosted their price target on shares of Robinhood Markets from $16.00 to $18.00 and gave the stock an “underweight” rating in a research report on Thursday, May 9th. Keefe, Bruyette & Woods started 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 on the stock. Finally, KeyCorp boosted their price target on shares of Robinhood Markets from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.77.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $22.71 on Friday. The firm has a market capitalization of $19.96 billion, a PE ratio of 151.40 and a beta of 1.83. The company’s 50-day moving average is $20.07 and its 200-day moving average is $16.46. Robinhood Markets, Inc. has a fifty-two week low of $7.91 and a fifty-two week 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 for the quarter, topping the consensus estimate of $0.05 by $0.13. The company 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 for the quarter was up 40.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.57) EPS. As a group, analysts expect that Robinhood Markets, Inc. will post 0.56 EPS 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.