Robinhood Markets Target of Unusually High Options Trading (NASDAQ:HOOD)

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) saw some unusual options trading on Monday. Investors bought 609,264 call options on the company. This represents an increase of approximately 77% compared to the average daily volume of 344,212 call options.

Insider Activity at Robinhood Markets

In related news, Director Christopher D. Payne acquired 26,500 shares of the firm's stock in a transaction on Friday, June 13th. The stock was acquired at an average cost of $74.19 per share, for a total transaction of $1,966,035.00. Following the acquisition, the director owned 26,500 shares of the company's stock, valued at $1,966,035. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven M. Quirk sold 104,887 shares of Robinhood Markets stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $70.14, for a total transaction of $7,356,774.18. Following the sale, the insider directly owned 228,621 shares in the company, valued at $16,035,476.94. The trade was a 31.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,722,691 shares of company stock worth $107,708,726 over the last quarter. 19.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Robinhood Markets

Several large investors have recently bought and sold shares of HOOD. Whipplewood Advisors LLC lifted its stake in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after acquiring an additional 508 shares during the period. Hemington Wealth Management lifted its position in Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 218 shares during the period. Wayfinding Financial LLC bought a new stake in Robinhood Markets in the 1st quarter worth approximately $30,000. Pandora Wealth Inc. purchased a new stake in Robinhood Markets during the 1st quarter valued at $33,000. Finally, CoreCap Advisors LLC raised its stake in Robinhood Markets by 191.6% during 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 last quarter. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Performance

Shares of HOOD traded down $1.20 on Tuesday, hitting $92.43. 114,454,512 shares of the stock traded hands, compared to its average volume of 28,759,944. Robinhood Markets has a one year low of $13.98 and a one year high of $99.09. The company has a market capitalization of $81.84 billion, a PE ratio of 52.66, a P/E/G ratio of 4.90 and a beta of 2.25. The business has a 50 day simple moving average of $64.93 and a 200 day simple moving average of $52.03.

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 analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The firm'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 posted $0.18 EPS. On average, equities analysts expect that Robinhood Markets will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on HOOD shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. JPMorgan Chase & Co. increased their price objective on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. JMP Securities reissued 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, Citigroup reduced their target price on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $69.00.

About Robinhood Markets

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.