Robinhood Markets (HOOD) to Release Earnings on Wednesday

Robinhood Markets (NASDAQ:HOOD) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Robinhood Markets to post earnings of $0.20 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Robinhood Markets had a net margin of 12.96% and a return on equity of 4.25%. The business had revenue of $682.00 million for the quarter, compared to the consensus estimate of $640.39 million. During the same period in the previous year, the firm earned $0.03 EPS. The business’s revenue was up 40.3% on a year-over-year basis. On average, analysts expect Robinhood Markets to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $27.06 on Monday. The firm has a market cap of $23.78 billion, a P/E ratio of 180.40 and a beta of 1.84. The firm’s 50 day moving average price is $22.84 and its 200-day moving average price is $21.15. Robinhood Markets has a one year low of $7.91 and a one year high of $27.75.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HOOD shares. Morgan Stanley raised their price target on Robinhood Markets from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Bank of America boosted their price target on shares of Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Barclays raised their price objective on shares of Robinhood Markets from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Keefe, Bruyette & Woods cut their target price on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Finally, JMP Securities reiterated a “market outperform” rating and set a $30.00 target price on shares of Robinhood Markets in a report on Thursday, August 8th. 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 stock. According to data from MarketBeat, Robinhood Markets has a consensus rating of “Hold” and a consensus target price of $24.97.

Insider Buying and Selling

In other news, Director Baiju Bhatt sold 98,404 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $26.40, for a total transaction of $2,597,865.60. Following the completion of the sale, the director now owns 2,521 shares in the company, valued at approximately $66,554.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Baiju Bhatt sold 98,404 shares of Robinhood Markets stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $26.40, for a total transaction of $2,597,865.60. Following the sale, the director now owns 2,521 shares in the company, valued at approximately $66,554.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $16.05, for a total value of $4,012,500.00. The disclosure for this sale can be found here. Insiders sold a total of 4,639,654 shares of company stock worth $110,241,632 over the last 90 days. 19.95% of the stock is owned by insiders.

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.