Robinhood Markets (NASDAQ:HOOD) PT Raised to $25.00 at The Goldman Sachs Group

Robinhood Markets (NASDAQ:HOOD) had its price objective hoisted by The Goldman Sachs Group from $22.50 to $25.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Bank of America boosted their price target on Robinhood Markets from $28.00 to $32.00 and gave the company a buy rating in a research report on Monday, August 12th. JPMorgan Chase & Co. upped their price target on Robinhood Markets from $16.00 to $17.00 and gave the stock an underweight rating in a research note on Thursday, August 8th. Piper Sandler reaffirmed an overweight rating and set a $27.00 price target on shares of Robinhood Markets in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $24.00 to $27.00 and gave the company a buy rating in a research note on Monday, September 30th. Finally, Citigroup raised their target price on shares of Robinhood Markets from $19.00 to $23.00 and gave the stock a neutral rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Robinhood Markets presently has an average rating of Hold and an average target price of $24.10.

Robinhood Markets Trading Up 2.8 %

Shares of NASDAQ HOOD opened at $27.00 on Monday. The stock has a market cap of $23.73 billion, a P/E ratio of 180.00 and a beta of 1.84. Robinhood Markets has a twelve month low of $7.91 and a twelve month high of $27.14. The stock has a 50 day moving average of $21.30 and a two-hundred day moving average of $20.65.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. Robinhood Markets had a net margin of 12.96% and a return on equity of 4.25%. The firm had revenue of $682.00 million during the quarter, compared to the consensus estimate of $640.39 million. During the same quarter in the prior year, the firm earned $0.03 EPS. Robinhood Markets’s revenue for the quarter was up 40.3% on a year-over-year basis. As a group, research analysts predict that Robinhood Markets will post 0.76 earnings per share for the current year.

Insider Activity at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total value of $241,625.00. Following the completion of the transaction, the insider now owns 1,045,068 shares in the company, valued at $20,201,164.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $16.05, for a total transaction of $4,012,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.33, for a total transaction of $241,625.00. Following the transaction, the insider now directly owns 1,045,068 shares in the company, valued at $20,201,164.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,541,250 shares of company stock valued at $107,643,767 in the last ninety days. Corporate insiders own 19.95% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently made changes to their positions in HOOD. PNC Financial Services Group Inc. lifted its position in Robinhood Markets by 46.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after buying an additional 722 shares during the period. ORG Partners LLC acquired a new position in shares of Robinhood Markets during the 2nd quarter valued at about $33,000. ORG Wealth Partners LLC purchased a new position in shares of Robinhood Markets during the 3rd quarter worth about $33,000. Allspring Global Investments Holdings LLC purchased a new stake in Robinhood Markets in the first quarter valued at approximately $34,000. Finally, International Assets Investment Management LLC purchased a new stake in Robinhood Markets in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 93.27% 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.