Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday after KeyCorp raised their price target on the stock from $50.00 to $57.00. KeyCorp currently has an overweight rating on the stock. Robinhood Markets traded as high as $52.14 and last traded at $52.21, with a volume of 242501 shares changing hands. The stock had previously closed at $51.15.
HOOD has been the topic of a number of other reports. Needham & Company LLC restated a “buy” rating and set a $52.00 price objective (up from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. Citigroup boosted their price target on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Piper Sandler increased their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Barclays lifted their target price on shares of Robinhood Markets from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.73.
View Our Latest Analysis on Robinhood Markets
Insider Buying and Selling
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of HOOD. Allspring Global Investments Holdings LLC increased its stake in shares of Robinhood Markets by 1,211,858.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock valued at $89,410,000 after buying an additional 3,817,355 shares during the period. Azora Capital LP acquired a new stake in Robinhood Markets in the third quarter worth about $79,780,000. FMR LLC raised its holdings in Robinhood Markets by 31.3% during the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company’s stock worth $330,914,000 after purchasing an additional 3,368,118 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Robinhood Markets by 486.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company’s stock worth $103,906,000 after purchasing an additional 2,313,213 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Robinhood Markets by 19.5% during the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock valued at $271,708,000 after purchasing an additional 1,895,427 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.
Robinhood Markets Trading Up 3.6 %
The firm’s 50 day moving average price is $41.58 and its 200-day moving average price is $29.90. The company has a market cap of $46.85 billion, a P/E ratio of 89.83, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. During the same period in the previous year, the business posted ($0.09) earnings per share. Robinhood Markets’s revenue was up 36.4% compared to the same quarter last year. Analysts predict that Robinhood Markets, Inc. will post 0.97 earnings per share for the current fiscal 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.
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