KeyCorp Has Lowered Expectations for Robinhood Markets (NASDAQ:HOOD) Stock Price

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its target price decreased by equities researchers at KeyCorp from $75.00 to $55.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's price objective would indicate a potential upside of 11.22% from the stock's current price.

Several other research firms have also issued reports on HOOD. Barclays reduced their price target on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Mizuho upped their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, February 7th. JMP Securities cut their price target on shares of Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $60.00 price objective on shares of Robinhood Markets in a research report on Thursday, March 27th. Finally, Cantor Fitzgerald began coverage on Robinhood Markets in a report on Thursday, March 6th. They set an "overweight" rating and a $69.00 target price for the company. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $53.88.

Robinhood Markets Price Performance

NASDAQ HOOD traded up $1.30 on Wednesday, reaching $49.45. 34,530,486 shares of the company's stock traded hands, compared to its average volume of 24,936,046. The stock has a market cap of $43.79 billion, a PE ratio of 31.50, a P/E/G ratio of 1.05 and a beta of 2.17. Robinhood Markets has a 12 month low of $13.98 and a 12 month high of $66.91. The stock has a 50-day simple moving average of $43.49 and a 200 day simple moving average of $40.89.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, analysts anticipate that Robinhood Markets will post 1.35 EPS for the current year.

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total value of $1,290,000.00. Following the completion of the transaction, the insider now owns 706,642 shares of the company's stock, valued at $36,462,727.20. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,240,460 shares of company stock worth $110,036,750 in the last three months. Insiders own 19.95% of the company's stock.

Institutional Trading of Robinhood Markets

A number of large investors have recently made changes to their positions in HOOD. FMR LLC raised its stake in Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after buying an additional 26,107,934 shares during the last quarter. Newlands Management Operations LLC lifted its holdings in Robinhood Markets by 1.1% in the fourth quarter. Newlands Management Operations LLC now owns 24,158,860 shares of the company's stock valued at $900,159,000 after acquiring an additional 273,860 shares during the period. Geode Capital Management LLC boosted its position in Robinhood Markets by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company's stock worth $455,464,000 after purchasing an additional 555,299 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Robinhood Markets by 34.4% during the 4th quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company's stock valued at $450,031,000 after purchasing an additional 3,091,514 shares during the period. Finally, Two Sigma Advisers LP increased its position in shares of Robinhood Markets by 0.5% during the 4th quarter. Two Sigma Advisers LP now owns 10,699,600 shares of the company's stock valued at $398,667,000 after purchasing an additional 52,700 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

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.