Coldstream Capital Management Inc. Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Coldstream Capital Management Inc. bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,122 shares of the company's stock, valued at approximately $228,000.

A number of other institutional investors have also bought and sold shares of the business. New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets in the fourth quarter valued at $26,000. Creative Financial Designs Inc. ADV raised its position in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after buying an additional 750 shares in the last quarter. Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets in the 4th quarter valued at about $37,000. Bogart Wealth LLC purchased a new position in Robinhood Markets in the fourth quarter worth about $37,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Robinhood Markets during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Down 0.8 %

Shares of Robinhood Markets stock traded down $0.40 on Tuesday, reaching $47.65. The stock had a trading volume of 11,630,811 shares, compared to its average volume of 25,803,026. The company has a 50 day moving average price of $43.07 and a 200 day moving average price of $41.91. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The stock has a market capitalization of $42.19 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business had revenue of $927.00 million for the quarter, compared to analysts' expectations of $917.12 million. During the same quarter last year, the firm earned $0.18 earnings per share. The firm's quarterly revenue was up 50.0% compared to the same quarter last year. On average, analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 90,866 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $55.34, for a total transaction of $5,028,524.44. Following the sale, the director now owns 5,042 shares in the company, valued at approximately $279,024.28. The trade was a 94.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. Insiders sold 2,309,593 shares of company stock valued at $113,525,021 in the last three months. 19.95% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on HOOD. KeyCorp decreased their price target on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Barclays lowered their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Cantor Fitzgerald reduced their price objective on shares of Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Compass Point assumed coverage on Robinhood Markets in a research note on Wednesday, March 19th. They set a "buy" rating and a $61.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price target on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $53.24.

About Robinhood Markets

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.