Robinhood Markets, Inc. (NASDAQ:HOOD) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eighteen research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $55.41.

A number of research analysts have recently commented on HOOD shares. Needham & Company LLC reaffirmed a "buy" rating and set a $71.00 price objective on shares of Robinhood Markets in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Robinhood Markets from $54.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Morgan Stanley upped their price objective on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. KeyCorp dropped their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Compass Point started coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price target for the company.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven M. Quirk sold 104,887 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $70.14, for a total transaction of $7,356,774.18. Following the completion of the sale, the insider now owns 228,621 shares in the company, valued at approximately $16,035,476.94. This trade represents a 31.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,226,771 shares of company stock valued at $111,467,774. 14.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently bought and sold shares of HOOD. FMR LLC raised its holdings in Robinhood Markets by 184.8% in the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after purchasing an additional 26,107,934 shares during the period. Norges Bank acquired a new stake in Robinhood Markets in the fourth quarter worth $329,598,000. GQG Partners LLC acquired a new stake in shares of Robinhood Markets during the fourth quarter worth $302,325,000. Vanguard Group Inc. raised its holdings 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 worth $3,089,914,000 after acquiring an additional 5,874,701 shares during the period. Finally, AGF Management Ltd. raised its holdings in shares of Robinhood Markets by 286.0% during the first quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock worth $239,053,000 after acquiring an additional 4,255,862 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Up 3.3%

HOOD stock traded up $2.37 during mid-day trading on Thursday, reaching $74.88. 61,705,294 shares of the stock traded hands, compared to its average volume of 26,951,360. Robinhood Markets has a 52 week low of $13.98 and a 52 week high of $77.80. The business has a 50-day moving average of $52.58 and a two-hundred day moving average of $47.54. The firm has a market capitalization of $66.30 billion, a PE ratio of 47.69, a P/E/G ratio of 1.05 and a beta of 2.25.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The firm's quarterly revenue was up 50.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 EPS. On average, equities research analysts anticipate that Robinhood Markets will post 1.35 EPS for the current fiscal year.

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.