Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $24.97 Average PT from Analysts

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have received a consensus rating of “Hold” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $24.97.

A number of research analysts have recently commented on HOOD shares. The Goldman Sachs Group upped their price target on Robinhood Markets from $22.50 to $25.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Citigroup upped their target price on shares of Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. raised their price target on shares of Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Bank of America upped their price objective on shares of Robinhood Markets from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, KeyCorp lifted their target price on Robinhood Markets from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 143,944 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $18.73, for a total transaction of $2,696,071.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $16.05, for a total value of $4,012,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 143,944 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $18.73, for a total value of $2,696,071.12. The disclosure for this sale can be found here. Insiders have sold a total of 4,639,654 shares of company stock valued at $110,241,632 in the last 90 days. 19.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Robinhood Markets by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock valued at $1,143,960,000 after acquiring an additional 1,003,535 shares in the last quarter. UniSuper Management Pty Ltd lifted its stake in shares of Robinhood Markets by 87.1% during the first quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock valued at $117,000 after acquiring an additional 2,700 shares during the period. Wellington Management Group LLP bought a new position in Robinhood Markets in the fourth quarter valued at about $8,299,000. O Neil Global Advisors Inc. acquired a new stake in Robinhood Markets in the second quarter worth about $2,298,000. Finally, SG Americas Securities LLC raised its holdings in Robinhood Markets by 62.5% during the 1st quarter. SG Americas Securities LLC now owns 283,684 shares of the company’s stock worth $5,711,000 after purchasing an additional 109,059 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $27.06 on Wednesday. Robinhood Markets has a fifty-two week low of $7.91 and a fifty-two week high of $27.75. The firm has a fifty day moving average price of $22.84 and a two-hundred day moving average price of $21.11. The firm has a market cap of $23.78 billion, a price-to-earnings ratio of 180.40 and a beta of 1.84.

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

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.