Robinhood Markets (HOOD) to Release Earnings on Wednesday

Robinhood Markets (NASDAQ:HOOD - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The company had revenue of $471.00 million during the quarter, compared to analysts' expectations of $454.73 million. During the same quarter in the prior year, the business posted ($0.19) earnings per share. The company's revenue for the quarter was up 23.9% compared to the same quarter last year. On average, analysts expect Robinhood Markets to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded up $0.16 on Wednesday, hitting $16.65. The company's stock had a trading volume of 8,887,512 shares, compared to its average volume of 14,086,146. Robinhood Markets has a 12 month low of $7.91 and a 12 month high of $20.55. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of -27.75 and a beta of 1.69. The stock's 50-day moving average is $17.50 and its two-hundred day moving average is $13.07.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HOOD shares. Keefe, Bruyette & Woods started coverage on Robinhood Markets in a research note on Wednesday, April 3rd. They set a "market perform" rating and a $20.00 target price for the company. JPMorgan Chase & Co. raised their target price on Robinhood Markets from $10.00 to $12.00 and gave the company an "underweight" rating in a research note on Wednesday, February 14th. Barclays raised their target price on Robinhood Markets from $11.00 to $16.00 and gave the company an "underweight" rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft raised their target price on Robinhood Markets from $12.00 to $16.00 and gave the company a "hold" rating in a research note on Tuesday, March 19th. Finally, Morgan Stanley raised their target price on Robinhood Markets from $11.00 to $18.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.88.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 250,000 shares of the firm's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $10.61, for a total transaction of $2,652,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Baiju Bhatt sold 482,667 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $15.10, for a total value of $7,288,271.70. Following the transaction, the insider now directly owns 36,045 shares of the company's stock, valued at approximately $544,279.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the firm'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 $2,652,500.00. The disclosure for this sale can be found here. Insiders sold 2,382,977 shares of company stock valued at $36,496,582 in the last three months. Corporate insiders own 20.81% 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.