10,856 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by Resurgent Financial Advisors LLC

Resurgent Financial Advisors LLC acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,856 shares of the company's stock, valued at approximately $452,000.

Several other institutional investors have also bought and sold shares of 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 period. Wayfinding Financial LLC purchased a new stake in Robinhood Markets in the 1st quarter valued at about $30,000. CoreCap Advisors LLC boosted its position in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after buying an additional 550 shares during the period. Creative Financial Designs Inc. ADV boosted its position in Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after buying an additional 750 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Robinhood Markets by 139.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock valued at $36,000 after buying an additional 498 shares during the period. Institutional investors own 93.27% of the company's stock.

Insider Transactions at Robinhood Markets

In other news, insider Steven M. Quirk sold 104,887 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $70.14, for a total value of $7,356,774.18. Following the transaction, the insider directly owned 228,621 shares of the company's stock, valued at approximately $16,035,476.94. This trade represents a 31.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Baiju Bhatt sold 418,338 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.46, for a total transaction of $26,966,067.48. Following the completion of the transaction, the director directly owned 7,863 shares in the company, valued at approximately $506,848.98. This represents a 98.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,749,630 shares of company stock valued at $221,118,663. Corporate insiders own 14.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on HOOD shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research note on Thursday, March 27th. Mizuho upped their price target on shares of Robinhood Markets from $80.00 to $99.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. JMP Securities upped their price target on shares of Robinhood Markets from $70.00 to $125.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Piper Sandler upped their price target on shares of Robinhood Markets from $70.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Barclays upped their price target on shares of Robinhood Markets from $57.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $85.29.

Robinhood Markets Trading Up 4.1%

HOOD traded up $4.29 during midday trading on Friday, hitting $109.74. 73,491,307 shares of the company traded hands, compared to its average volume of 31,069,172. The company has a market capitalization of $97.17 billion, a price-to-earnings ratio of 62.35, a PEG ratio of 5.60 and a beta of 2.36. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $113.44. The business has a 50 day simple moving average of $78.73 and a two-hundred day simple moving average of $57.69.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (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 analysts' expectations of $917.12 million. Robinhood Markets had a net margin of 48.77% and a return on equity of 15.42%. 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 business earned $0.18 earnings per share. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

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.