Robinhood Markets (HOOD) Expected to Announce Quarterly Earnings on Wednesday

Robinhood Markets (NASDAQ:HOOD - Get Free Report) is anticipated to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect Robinhood Markets to post earnings of $0.41 per share and revenue of $930.22 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Robinhood Markets Trading Up 5.1 %

Shares of NASDAQ HOOD traded up $2.69 during trading on Friday, reaching $55.86. The company had a trading volume of 24,890,536 shares, compared to its average volume of 19,924,428. The stock has a market capitalization of $49.38 billion, a PE ratio of 94.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13. Robinhood Markets has a twelve month low of $11.00 and a twelve month high of $55.98. The stock has a 50-day moving average price of $43.49 and a two-hundred day moving average price of $31.19.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HOOD shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Barclays upped their price objective on shares of Robinhood Markets from $49.00 to $54.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Sanford C. Bernstein boosted their price target on Robinhood Markets from $30.00 to $51.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. KeyCorp raised their price objective on Robinhood Markets from $50.00 to $57.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Citigroup lifted their price target on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $46.67.

Insider Activity

In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92. Following the completion of the transaction, the chief technology officer now directly owns 11,752 shares in the company, valued at approximately $445,635.84. This represents a 33.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $37.51, for a total transaction of $11,253,000.00. Following the sale, the insider now directly owns 806,955 shares of the company's stock, valued at $30,268,882.05. The trade was a 27.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,857,561 shares of company stock worth $159,976,719. 19.95% of the stock is currently owned by company insiders.

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.