Robinhood Markets (NASDAQ:HOOD) PT Raised to $21.00

Robinhood Markets (NASDAQ:HOOD - Free Report) had its price target lifted by Mizuho from $20.00 to $21.00 in a research note published on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Morgan Stanley upped their price target on Robinhood Markets from $11.00 to $18.00 and gave the stock an equal weight rating in a research note on Tuesday, April 9th. KeyCorp increased their target price on Robinhood Markets from $22.00 to $23.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. lifted their target price on Robinhood Markets from $10.00 to $12.00 and gave the company an underweight rating in a research report on Wednesday, February 14th. TheStreet raised shares of Robinhood Markets from a d+ rating to a c- rating in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of Robinhood Markets from $18.00 to $20.00 and gave the company a neutral rating in a report on Monday, April 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $18.96.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock traded down $0.17 during trading hours on Monday, hitting $17.78. The company's stock had a trading volume of 18,638,136 shares, compared to its average volume of 14,007,728. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of -29.63 and a beta of 1.74. Robinhood Markets has a twelve month low of $7.91 and a twelve month high of $20.55. The firm has a fifty day moving average of $17.70 and a 200-day moving average of $13.24.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The company had revenue of $471.00 million for the quarter, compared to analysts' expectations of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. Robinhood Markets's revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) earnings per share. On average, sell-side analysts expect that Robinhood Markets will post 0.29 earnings per share for the current fiscal year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, CFO Jason Warnick sold 5,000 shares of Robinhood Markets stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $19.59, for a total transaction of $97,950.00. Following the completion of the sale, the chief financial officer now directly owns 1,002,407 shares of the company's stock, valued at approximately $19,637,153.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Baiju Bhatt sold 188,077 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $13.57, for a total value of $2,552,204.89. Following the transaction, the insider now directly owns 36,045 shares of the company's stock, valued at approximately $489,130.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Warnick sold 5,000 shares of Robinhood Markets stock in a transaction on Monday, April 1st. The stock was sold at an average price of $19.59, for a total transaction of $97,950.00. Following the sale, the chief financial officer now owns 1,002,407 shares in the company, valued at $19,637,153.13. The disclosure for this sale can be found here. Insiders have sold 2,150,526 shares of company stock valued at $34,221,892 over the last quarter. 20.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds have recently made changes to their positions in HOOD. Vanguard Group Inc. boosted its position in shares of Robinhood Markets by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company's stock valued at $561,732,000 after purchasing an additional 2,459,702 shares during the period. ARK Investment Management LLC boosted its holdings in shares of Robinhood Markets by 6.4% in the fourth quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company's stock valued at $445,087,000 after acquiring an additional 2,101,325 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Robinhood Markets by 9.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company's stock worth $372,081,000 after acquiring an additional 2,517,012 shares during the last quarter. Nikko Asset Management Americas Inc. increased its holdings in shares of Robinhood Markets by 9.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company's stock valued at $360,514,000 after acquiring an additional 2,486,986 shares during the period. Finally, Norges Bank purchased a new stake in Robinhood Markets in the 4th quarter valued at $84,165,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

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.