Left Brain Wealth Management LLC Buys 5,525 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Left Brain Wealth Management LLC increased its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 50.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,425 shares of the company's stock after purchasing an additional 5,525 shares during the quarter. Left Brain Wealth Management LLC's holdings in Robinhood Markets were worth $684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HOOD. Whipplewood Advisors LLC lifted its position in Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after purchasing an additional 508 shares during the period. Wayfinding Financial LLC bought a new position in Robinhood Markets in the first quarter worth $30,000. CoreCap Advisors LLC lifted its position in Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after acquiring an additional 750 shares during the period. Finally, Colonial Trust Co SC bought a new position in shares of Robinhood Markets during the fourth quarter valued at $34,000. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Stock Down 0.4%

HOOD stock traded down $0.36 during midday trading on Friday, reaching $98.34. The stock had a trading volume of 60,149,672 shares, compared to its average volume of 30,346,786. The business has a fifty day simple moving average of $73.48 and a two-hundred day simple moving average of $55.42. The firm has a market cap of $87.08 billion, a price-to-earnings ratio of 55.88, a PEG ratio of 5.30 and a beta of 2.36. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $101.50.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 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 analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. Robinhood Markets's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, Director Christopher D. Payne acquired 26,500 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average cost of $74.19 per share, for a total transaction of $1,966,035.00. Following the completion of the transaction, the director directly owned 26,500 shares in the company, valued at $1,966,035. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $93.27, for a total value of $69,952,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,472,702 shares of company stock valued at $179,396,832. 14.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HOOD shares. Mizuho lifted their price objective on Robinhood Markets from $80.00 to $99.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Compass Point lifted their price objective on Robinhood Markets from $64.00 to $96.00 and gave the company a "buy" rating in a report on Friday, June 27th. Redburn Atlantic reissued a "sell" rating and set a $48.00 price objective (up from $40.00) on shares of Robinhood Markets in a report on Monday, June 9th. Finally, KeyCorp lifted their price objective on Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.06.

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.