Teamwork Financial Advisors LLC Acquires 31,942 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• Teamwork Financial Advisors LLC increased its position in Robinhood Markets, Inc. by 145.4% during the 2nd quarter, holding 53,906 shares valued at approximately $5.05 million at the end of the quarter.
• Wall Street analysts are optimistic, with Mizuho and Needham & Company recently raising their price targets for Robinhood Markets to as high as $145.00, reflecting a general consensus of a Moderate Buy rating.
• Robinhood reported $0.42 earnings per share for the last quarter, surpassing estimates, and saw a year-over-year revenue increase of 45% to $989 million.

Teamwork Financial Advisors LLC boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 145.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 53,906 shares of the company's stock after acquiring an additional 31,942 shares during the period. Teamwork Financial Advisors LLC's holdings in Robinhood Markets were worth $5,047,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HOOD. Baird Financial Group Inc. bought a new stake in Robinhood Markets in the 4th quarter valued at $305,000. OMERS ADMINISTRATION Corp lifted its position in Robinhood Markets by 26.0% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 17,647 shares of the company's stock valued at $658,000 after acquiring an additional 3,640 shares in the last quarter. Quantinno Capital Management LP lifted its position in Robinhood Markets by 64.5% in the 4th quarter. Quantinno Capital Management LP now owns 62,293 shares of the company's stock valued at $2,321,000 after acquiring an additional 24,426 shares in the last quarter. Rafferty Asset Management LLC bought a new stake in Robinhood Markets in the 4th quarter valued at $201,000. Finally, Siemens Fonds Invest GmbH bought a new stake in Robinhood Markets during the 4th quarter worth about $217,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Price Performance

NASDAQ HOOD traded down $0.20 during mid-day trading on Monday, reaching $114.83. 36,667,007 shares of the stock were exchanged, compared to its average volume of 41,692,191. Robinhood Markets, Inc. has a one year low of $21.50 and a one year high of $123.44. The stock has a 50 day simple moving average of $105.99 and a 200-day simple moving average of $73.80. The stock has a market cap of $102.05 billion, a P/E ratio of 58.29, a P/E/G ratio of 4.11 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The firm had revenue of $989.00 million during the quarter, compared to analysts' expectations of $893.93 million. During the same period last year, the company earned $0.21 earnings per share. The business's revenue was up 45.0% on a year-over-year basis. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other news, Director Meyer Malka sold 1,093,288 shares of the firm's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the sale, the director owned 3,976,234 shares in the company, valued at approximately $413,011,425.58. This trade represents a 21.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven M. Quirk sold 60,113 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the transaction, the insider directly owned 94,454 shares in the company, valued at approximately $9,531,353.14. This represents a 38.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,773,719 shares of company stock worth $589,293,510 in the last ninety days. Insiders own 19.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HOOD shares. KeyCorp boosted their price target on shares of Robinhood Markets from $60.00 to $110.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Compass Point boosted their price target on shares of Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Barclays upped their target price on shares of Robinhood Markets from $102.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Citigroup upped their target price on shares of Robinhood Markets from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, Needham & Company LLC upped their price target on shares of Robinhood Markets from $71.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $101.88.

Robinhood Markets 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.