Teamwork Financial Advisors LLC Makes New Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Teamwork Financial Advisors LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,964 shares of the company's stock, valued at approximately $914,000.

Other hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC lifted its stake in shares of Robinhood Markets by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after purchasing an additional 171 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in Robinhood Markets by 2.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock valued at $368,000 after buying an additional 233 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Robinhood Markets by 7.8% during the fourth quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock valued at $142,000 after buying an additional 277 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Robinhood Markets by 139.9% during 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 period. Finally, Whipplewood Advisors LLC lifted its position in shares of 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. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded up $0.24 during trading hours on Thursday, hitting $72.51. The stock had a trading volume of 64,629,147 shares, compared to its average volume of 26,791,458. The stock's fifty day simple moving average is $51.30 and its 200 day simple moving average is $46.85. The firm has a market capitalization of $64.20 billion, a price-to-earnings ratio of 46.19, a PEG 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 $76.72.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced 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). Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The business had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same period in the previous year, the firm earned $0.18 EPS. The firm's revenue was up 50.0% on a year-over-year basis. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling

In other news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $38.31, for a total transaction of $957,750.00. Following the completion of the sale, the insider now owns 822,825 shares in the company, valued at approximately $31,522,425.75. This represents a 2.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $43.36, for a total value of $253,786.08. Following the completion of the transaction, the chief technology officer now owns 11,706 shares in the company, valued at $507,572.16. The trade was a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,096,884 shares of company stock valued at $102,320,000 over the last quarter. Corporate insiders own 14.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HOOD shares. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. KeyCorp cut their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Compass Point started 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 on the stock. Barclays dropped their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, Wolfe Research cut shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $55.41.

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.