Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $93.27, for a total value of $69,952,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Robinhood Markets Trading Down 4.0%
Shares of NASDAQ HOOD traded down $3.91 during midday trading on Thursday, hitting $94.07. The company's stock had a trading volume of 56,174,264 shares, compared to its average volume of 41,075,457. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $100.88. The firm has a market cap of $83.30 billion, a P/E ratio of 53.45, a price-to-earnings-growth ratio of 4.70 and a beta of 2.36. The business's 50 day moving average is $67.00 and its two-hundred day moving average is $52.62.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The company had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The company's revenue for the quarter was up 50.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
HOOD has been the topic of several research analyst reports. Compass Point boosted their target price on shares of Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, June 27th. The Goldman Sachs Group lifted their price target on shares of Robinhood Markets from $82.00 to $91.00 and gave the company a "buy" rating in a report on Friday, June 27th. Cantor Fitzgerald increased their price objective on shares of Robinhood Markets from $89.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $71.00 target price on shares of Robinhood Markets in a report on Tuesday, May 27th. Finally, JMP Securities reissued a "market outperform" rating and issued a $70.00 target price on shares of Robinhood Markets in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.00.
View Our Latest Research Report on HOOD
Institutional Trading of Robinhood Markets
Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after purchasing an additional 26,107,934 shares in the last quarter. Norges Bank bought a new stake in shares of Robinhood Markets in the 4th quarter valued at about $329,598,000. GQG Partners LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $302,325,000. Vanguard Group Inc. boosted its stake in shares of Robinhood Markets by 8.6% during the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock valued at $3,089,914,000 after purchasing an additional 5,874,701 shares in the last quarter. Finally, AGF Management Ltd. increased its holdings in Robinhood Markets by 286.0% during the first quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock valued at $239,053,000 after buying an additional 4,255,862 shares during the period. Institutional investors own 93.27% of the company's stock.
Robinhood Markets Company Profile
(
Get Free Report)
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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