Robinhood Markets (NASDAQ:HOOD) Receives Market Perform Rating from Keefe, Bruyette & Woods

Robinhood Markets (NASDAQ:HOOD)‘s stock had its “market perform” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a research note issued on Thursday,Benzinga reports. They presently have a $60.00 price target on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 43.13% from the company’s previous close.

A number of other equities analysts have also weighed in on HOOD. Cantor Fitzgerald initiated coverage on Robinhood Markets in a research report on Thursday, March 6th. They set an “overweight” rating and a $69.00 target price on the stock. Wolfe Research lowered shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Barclays raised their price objective on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Mizuho boosted their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Citigroup upped their target price on shares of Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.82.

Robinhood Markets Trading Down 4.7 %

HOOD opened at $41.92 on Thursday. The company has a fifty day moving average price of $49.16 and a two-hundred day moving average price of $38.06. Robinhood Markets has a 1-year low of $13.98 and a 1-year high of $66.91. The company has a market cap of $37.12 billion, a P/E ratio of 26.70, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. On average, research analysts forecast that Robinhood Markets will post 1.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $40.45, for a total value of $4,045,000.00. Following the transaction, the insider now directly owns 731,642 shares in the company, valued at $29,594,918.90. The trade was a 12.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,955,655 shares of company stock valued at $143,072,448. Insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. MetLife Investment Management LLC raised its stake in Robinhood Markets by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company’s stock valued at $440,000 after acquiring an additional 171 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in shares of Robinhood Markets by 2.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company’s stock valued at $368,000 after purchasing an additional 233 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Robinhood Markets by 7.8% during the 4th quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company’s stock valued at $142,000 after buying an additional 277 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after buying an additional 549 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors 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.