Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $100.31 Average Price Target from Analysts

Key Points

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Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eighteen analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $100.3125.

Several analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Robinhood Markets from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Barclays boosted their target price on shares of Robinhood Markets from $102.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Mizuho boosted their target price on shares of Robinhood Markets from $99.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Cantor Fitzgerald lifted their price target on shares of Robinhood Markets from $100.00 to $118.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 1,568,421 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $99.98, for a total value of $156,810,731.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $99.97, for a total transaction of $22,493,250.00. Following the completion of the transaction, the insider directly owned 591,887 shares in the company, valued at $59,170,943.39. This trade represents a 27.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,644,685 shares of company stock worth $448,881,884 over the last ninety days. 19.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Robinhood Markets

Several large investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. increased its position in Robinhood Markets by 2,520.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 6,550 shares of the company's stock worth $613,000 after purchasing an additional 6,300 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Robinhood Markets by 54.4% during the 2nd quarter. Advisory Services Network LLC now owns 25,111 shares of the company's stock worth $2,588,000 after purchasing an additional 8,851 shares during the period. Delos Wealth Advisors LLC purchased a new position in shares of Robinhood Markets during the 2nd quarter worth about $56,000. Liontrust Investment Partners LLP purchased a new position in shares of Robinhood Markets during the 2nd quarter worth about $3,864,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Robinhood Markets by 135.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 18,537 shares of the company's stock worth $1,736,000 after purchasing an additional 10,677 shares during the period. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Performance

Shares of HOOD traded down $7.52 during mid-day trading on Tuesday, hitting $107.50. 49,164,673 shares of the company traded hands, compared to its average volume of 40,082,160. The stock has a 50-day moving average price of $96.89 and a two-hundred day moving average price of $67.07. Robinhood Markets has a 1 year low of $18.71 and a 1 year high of $117.70. The stock has a market cap of $95.53 billion, a price-to-earnings ratio of 54.57, a P/E/G ratio of 4.39 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The firm had revenue of $989.00 million during the quarter, compared to analysts' expectations of $893.93 million. During the same period in the previous year, the company earned $0.21 earnings per share. The firm's quarterly revenue was up 45.0% on a year-over-year basis. On average, analysts forecast that Robinhood Markets will post 1.35 EPS for the current 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.