Robinhood Markets' (HOOD) Hold (C) Rating Reiterated at Weiss Ratings

Robinhood Markets (NASDAQ:HOOD - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on HOOD. Keefe, Bruyette & Woods lifted their target price on Robinhood Markets from $89.00 to $106.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. KeyCorp raised their price target on Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. The Goldman Sachs Group raised their price target on Robinhood Markets from $134.00 to $152.00 and gave the company a "buy" rating in a report on Tuesday, September 30th. Compass Point increased their target price on Robinhood Markets from $64.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Barclays increased their target price on Robinhood Markets from $102.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $113.59.

Robinhood Markets Price Performance

Shares of HOOD opened at $150.87 on Wednesday. The company has a 50 day simple moving average of $116.93 and a two-hundred day simple moving average of $84.46. Robinhood Markets has a 1 year low of $23.00 and a 1 year high of $153.86. The firm has a market cap of $134.07 billion, a P/E ratio of 76.58, a price-to-earnings-growth ratio of 4.03 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.12. The firm had revenue of $989.00 million during the quarter, compared to analyst estimates of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. Robinhood Markets's revenue for the quarter was up 45.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, sell-side analysts anticipate that Robinhood Markets will post 1.35 earnings per share for the current year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steven M. Quirk sold 60,113 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the transaction, the insider owned 94,454 shares in the company, valued at $9,531,353.14. This trade represents a 38.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,681,462 shares of company stock worth $618,250,191 in the last ninety days. Corporate insiders own 14.47% of the company's stock.

Institutional Trading of Robinhood Markets

Several institutional investors have recently added to or reduced their stakes in HOOD. Hilltop National Bank raised its holdings in shares of Robinhood Markets by 91.9% in the third quarter. Hilltop National Bank now owns 1,771 shares of the company's stock worth $254,000 after buying an additional 848 shares during the period. Wedmont Private Capital grew its position in Robinhood Markets by 0.4% in the 3rd quarter. Wedmont Private Capital now owns 25,319 shares of the company's stock valued at $3,671,000 after acquiring an additional 113 shares during the last quarter. Czech National Bank bought a new position in Robinhood Markets in the 3rd quarter valued at $27,567,000. Ignite Planners LLC bought a new position in Robinhood Markets in the 3rd quarter valued at $245,000. Finally, Balefire LLC purchased a new stake in shares of Robinhood Markets during the third quarter valued at $208,000. 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.

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