Requisite Capital Management LLC Buys 12,029 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Requisite Capital Management LLC raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 168.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,179 shares of the company's stock after buying an additional 12,029 shares during the period. Requisite Capital Management LLC's holdings in Robinhood Markets were worth $798,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in shares of Robinhood Markets by 4.0% in the first quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock valued at $290,000 after buying an additional 265 shares in the last quarter. Park Avenue Securities LLC grew its position in Robinhood Markets by 62.9% during the 1st quarter. Park Avenue Securities LLC now owns 63,272 shares of the company's stock worth $2,633,000 after purchasing an additional 24,441 shares in the last quarter. Yarbrough Capital LLC purchased a new position in Robinhood Markets during the 1st quarter worth approximately $1,873,000. Wedmont Private Capital grew its position in Robinhood Markets by 28.9% during the 1st quarter. Wedmont Private Capital now owns 12,424 shares of the company's stock worth $543,000 after purchasing an additional 2,785 shares in the last quarter. Finally, City State Bank grew its position in Robinhood Markets by 94.0% during the 1st quarter. City State Bank now owns 970 shares of the company's stock worth $40,000 after purchasing an additional 470 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Trading Down 1.7%

Robinhood Markets stock traded down $1.24 during mid-day trading on Friday, hitting $72.60. 27,696,951 shares of the company's stock were exchanged, compared to its average volume of 27,333,764. The stock has a market cap of $64.28 billion, a P/E ratio of 46.24, a P/E/G ratio of 1.05 and a beta of 2.25. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $77.80. The stock has a 50 day moving average of $56.22 and a two-hundred day moving average of $48.65.

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). 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 analyst estimates of $917.12 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company's quarterly revenue was up 50.0% compared to the same quarter last year. As a group, research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $74.29, for a total transaction of $31,078,330.02. Following the completion of the sale, the director now directly owns 7,863 shares in the company, valued at $584,142.27. This represents a 98.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Insiders sold 2,650,974 shares of company stock worth $142,977,123 over the last ninety days. Company insiders own 14.47% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on HOOD shares. Wolfe Research cut shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday. Redburn Atlantic reiterated a "sell" rating and set a $48.00 price objective (up from $40.00) on shares of Robinhood Markets in a research report on Monday. JMP Securities reiterated a "market outperform" rating and set a $70.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $71.00 price target on shares of Robinhood Markets in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Robinhood Markets currently has a consensus rating of "Moderate Buy" and an average price target of $57.17.

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.