The Goldman Sachs Group Boosts Robinhood Markets (NASDAQ:HOOD) Price Target to $20.00

Robinhood Markets (NASDAQ:HOOD - Free Report) had its target price lifted by The Goldman Sachs Group from $18.00 to $20.00 in a research note published on Monday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

HOOD has been the subject of a number of other reports. KeyCorp lifted their price target on Robinhood Markets from $15.00 to $22.00 and gave the company an overweight rating in a report on Thursday, March 28th. Piper Sandler raised their target price on Robinhood Markets from $12.50 to $17.00 and gave the stock a neutral rating in a report on Friday. Barclays lifted their price objective on shares of Robinhood Markets from $11.00 to $16.00 and gave the stock an underweight rating in a research note on Monday, April 8th. Morgan Stanley increased their target price on shares of Robinhood Markets from $11.00 to $18.00 and gave the stock an equal weight rating in a report on Tuesday, April 9th. Finally, JMP Securities boosted their price target on shares of Robinhood Markets from $25.00 to $28.00 and gave the company a market outperform rating in a report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Robinhood Markets currently has an average rating of Hold and a consensus price target of $18.81.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock traded down $0.78 during trading on Monday, reaching $17.19. The company's stock had a trading volume of 14,112,170 shares, compared to its average volume of 15,035,794. Robinhood Markets has a one year low of $7.91 and a one year high of $20.55. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of -29.98 and a beta of 1.68. The business's fifty day moving average price is $16.33 and its 200-day moving average price is $12.44.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The business had revenue of $471.00 million during the quarter, compared to analysts' expectations of $454.73 million. During the same quarter last year, the company earned ($0.19) earnings per share. The firm's revenue was up 23.9% on a year-over-year basis. Sell-side analysts anticipate that Robinhood Markets will post 0.29 EPS for the current year.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm's stock in a transaction on Monday, February 5th. The stock was sold at an average price of $10.61, for a total value of $132,625.00. Following the sale, the insider now owns 738,291 shares of the company's stock, valued at approximately $7,833,267.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the company's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $10.61, for a total value of $2,652,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $132,625.00. Following the completion of the transaction, the insider now directly owns 738,291 shares of the company's stock, valued at approximately $7,833,267.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,212,150 shares of company stock worth $33,495,819. 20.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates increased its position in shares of Robinhood Markets by 30.3% during the first quarter. Raymond James & Associates now owns 69,419 shares of the company's stock worth $938,000 after acquiring an additional 16,133 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Robinhood Markets during the 1st quarter worth approximately $199,000. Bank of New York Mellon Corp raised its stake in shares of Robinhood Markets by 21.9% in the first quarter. Bank of New York Mellon Corp now owns 53,868 shares of the company's stock worth $727,000 after purchasing an additional 9,661 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Robinhood Markets by 69.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,760 shares of the company's stock valued at $294,000 after purchasing an additional 8,882 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Robinhood Markets by 38.2% in the first quarter. HighTower Advisors LLC now owns 92,318 shares of the company's stock valued at $1,248,000 after purchasing an additional 25,502 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

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.