Deutsche Bank Aktiengesellschaft Raises Robinhood Markets (NASDAQ:HOOD) Price Target to $85.00

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its price objective lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from $70.00 to $85.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 19.75% from the company's previous close.

HOOD has been the subject of a number of other reports. Piper Sandler upped their target price on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Barclays cut their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. KeyCorp reduced their price objective on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group lifted their target price on shares of Robinhood Markets from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley increased their price objective on Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $56.17.

Robinhood Markets Trading Down 5.2%

NASDAQ HOOD traded down $3.90 during mid-day trading on Monday, reaching $70.98. 38,245,171 shares of the company's stock traded hands, compared to its average volume of 27,003,642. The company has a fifty day simple moving average of $52.58 and a 200-day simple moving average of $47.54. The company has a market cap of $62.85 billion, a price-to-earnings ratio of 45.38, a P/E/G ratio of 1.05 and a beta of 2.25. Robinhood Markets has a 1-year low of $13.98 and a 1-year high of $77.80.

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

Insider Activity at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $71.64, for a total value of $1,791,000.00. Following the completion of the transaction, the insider now directly owns 841,887 shares of the company's stock, valued at approximately $60,312,784.68. This represents a 2.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03. Following the completion of the sale, the chief technology officer now directly owns 5,853 shares in the company, valued at approximately $201,987.03. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,226,771 shares of company stock worth $111,467,774 in the last ninety days. 14.47% of the stock is currently owned by insiders.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently made changes to their positions in the business. Whipplewood Advisors LLC boosted its position in Robinhood Markets by 564.4% in the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after buying an additional 508 shares during the last quarter. Hemington Wealth Management raised its holdings in Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after buying an additional 218 shares during the period. Wayfinding Financial LLC bought a new stake in Robinhood Markets in the 1st quarter valued at $30,000. CoreCap Advisors LLC boosted its position in shares of Robinhood Markets by 191.6% during the fourth 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. Finally, Creative Financial Designs Inc. ADV grew its stake 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 worth $32,000 after acquiring an additional 750 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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