Robinhood Markets (NASDAQ:HOOD) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its price target upped by Deutsche Bank Aktiengesellschaft from $70.00 to $85.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 15.11% from the stock's current price.

A number of other research firms have also recently weighed in on HOOD. Cantor Fitzgerald lowered their target price on shares of Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. JMP Securities restated a "market outperform" rating and issued a $70.00 price target on shares of Robinhood Markets in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Barclays dropped their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Wolfe Research downgraded Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and a consensus target price of $57.17.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded down $1.04 during trading on Monday, reaching $73.84. 22,509,122 shares of the stock traded hands, compared to its average volume of 27,274,798. The stock has a market cap of $65.38 billion, a P/E ratio of 47.03, a price-to-earnings-growth ratio of 1.05 and a beta of 2.25. The stock has a 50-day moving average of $54.68 and a two-hundred day moving average of $48.16. Robinhood Markets has a 52-week low of $13.98 and a 52-week high of $77.80.

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

Insider Transactions at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $73.49, for a total transaction of $431,018.85. Following the completion of the sale, the chief technology officer now owns 20,636 shares of the company's stock, valued at approximately $1,516,539.64. This represents a 22.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 47,023 shares of Robinhood Markets stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $46.37, for a total value of $2,180,456.51. Following the transaction, the director now owns 5,042 shares in the company, valued at approximately $233,797.54. The trade was a 90.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,232,636 shares of company stock valued at $111,898,793 in the last ninety days. 14.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HOOD. Cim LLC lifted its stake in Robinhood Markets by 49.8% during the first quarter. Cim LLC now owns 81,911 shares of the company's stock worth $3,409,000 after purchasing an additional 27,230 shares in the last quarter. Silicon Valley Capital Partners grew its stake in shares of Robinhood Markets by 50.0% in the first quarter. Silicon Valley Capital Partners now owns 1,500 shares of the company's stock valued at $63,000 after buying an additional 500 shares in the last quarter. Strs Ohio acquired a new position in Robinhood Markets during the 1st quarter worth about $11,216,000. Acadian Asset Management LLC lifted its stake in Robinhood Markets by 293.6% during the 1st quarter. Acadian Asset Management LLC now owns 144,791 shares of the company's stock worth $6,018,000 after acquiring an additional 108,001 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Robinhood Markets by 43.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,860 shares of the company's stock valued at $327,000 after acquiring an additional 2,398 shares during the period. Institutional investors and hedge funds 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.