Requisite Capital Management LLC Has $798,000 Stock Position in 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 first quarter, according to its most recent disclosure with the SEC. The fund owned 19,179 shares of the company's stock after buying an additional 12,029 shares during the quarter. Requisite Capital Management LLC's holdings in Robinhood Markets were worth $798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HOOD. Whipplewood Advisors LLC raised its holdings in Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after purchasing an additional 508 shares in the last quarter. CoreCap Advisors LLC grew its holdings in 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 acquiring an additional 550 shares during the period. Creative Financial Designs Inc. ADV boosted 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 purchasing an additional 750 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Robinhood Markets during the fourth quarter valued at approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Robinhood Markets by 139.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after buying an additional 498 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HOOD. KeyCorp decreased their target price on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $71.00 price target on shares of Robinhood Markets in a research report on Tuesday, May 27th. Piper Sandler boosted their price objective on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Compass Point initiated coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They set a "buy" rating and a $61.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Robinhood Markets currently has an average rating of "Moderate Buy" and a consensus target price of $56.17.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded down $0.89 during midday trading on Tuesday, hitting $72.51. 39,067,760 shares of the stock were exchanged, compared to its average volume of 27,154,228. The company has a market capitalization of $64.20 billion, a PE ratio of 46.19, a P/E/G ratio of 1.05 and a beta of 2.25. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $77.80. The business's fifty day simple moving average is $53.19 and its two-hundred day simple moving average is $47.80.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued 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). 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 13.53% and a net margin of 47.81%. The business's revenue for the quarter was up 50.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling

In other news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was 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 in the company, valued at approximately $1,516,539.64. This represents a 22.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $38.31, for a total value of $957,750.00. Following the transaction, the insider now directly owns 822,825 shares in the company, valued at approximately $31,522,425.75. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,232,636 shares of company stock worth $111,898,793. Insiders own 14.47% 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.