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

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nineteen ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $62.29.

A number of research firms have recently issued reports on HOOD. JPMorgan Chase & Co. raised their price target on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Citigroup dropped their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Compass Point raised their price target on Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group raised their target price on Robinhood Markets from $82.00 to $91.00 and gave the company a "buy" rating in a research note on Friday. Finally, Needham & Company LLC reissued a "buy" rating and set a $71.00 target price on shares of Robinhood Markets in a research note on Tuesday, May 27th.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the transaction, the chief technology officer now owns 5,853 shares of the company's stock, valued at approximately $201,987.03. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. Insiders sold 2,472,691 shares of company stock valued at $139,178,726 over the last 90 days. 19.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently made changes to their positions in HOOD. Whipplewood Advisors LLC grew its holdings in shares of Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after buying an additional 508 shares in the last quarter. Hemington Wealth Management increased its holdings in shares of Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 218 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Robinhood Markets in the first quarter worth approximately $30,000. CoreCap Advisors LLC boosted its holdings in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Performance

HOOD opened at $83.03 on Monday. The company has a market capitalization of $73.52 billion, a P/E ratio of 47.18, a PEG ratio of 4.90 and a beta of 2.25. The company has a 50-day moving average of $63.85 and a 200-day moving average of $51.66. Robinhood Markets has a 1-year low of $13.98 and a 1-year high of $85.55.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a net margin of 48.77% and a return on equity of 15.42%. The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. During the same quarter in the previous year, the company earned $0.18 EPS. The company's quarterly revenue was up 50.0% compared to the same quarter last year. As a group, sell-side analysts expect that Robinhood Markets will post 1.35 earnings per share for the current fiscal year.

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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