Robinhood Markets, Inc. (NASDAQ:HOOD) Receives Consensus Rating of "Moderate Buy" from Brokerages

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $85.29.

A number of research firms recently issued reports on HOOD. The Goldman Sachs Group lifted their target price on Robinhood Markets from $91.00 to $104.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Redburn Atlantic reaffirmed a "sell" rating and set a $48.00 target price (up from $40.00) on shares of Robinhood Markets in a report on Monday, June 9th. KeyCorp lifted their target price on Robinhood Markets from $60.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Barclays lifted their target price on Robinhood Markets from $57.00 to $102.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Piper Sandler lifted their target price on Robinhood Markets from $70.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD traded up $2.92 during midday trading on Friday, reaching $104.85. 35,546,767 shares of the company traded hands, compared to its average volume of 55,217,080. Robinhood Markets has a 52 week low of $13.98 and a 52 week high of $113.44. The stock has a 50-day moving average price of $82.95 and a 200 day moving average price of $59.71. The company has a market cap of $92.84 billion, a price-to-earnings ratio of 59.57, a PEG ratio of 5.20 and a beta of 2.36.

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

Insider Transactions at Robinhood Markets

In related news, Director Christopher D. Payne bought 26,500 shares of Robinhood Markets stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average cost of $74.19 per share, for a total transaction of $1,966,035.00. Following the acquisition, the director owned 26,500 shares in the company, valued at $1,966,035. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $93.88, for a total value of $2,347,000.00. Following the completion of the sale, the insider owned 816,887 shares of the company's stock, valued at approximately $76,689,351.56. This trade represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,696,644 shares of company stock worth $218,696,575. 14.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Robinhood Markets by 184.8% in the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after buying an additional 26,107,934 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Robinhood Markets in the 2nd quarter worth approximately $951,479,000. Norges Bank bought a new position in Robinhood Markets in the 4th quarter worth approximately $329,598,000. Vanguard Group Inc. increased its position in Robinhood Markets by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock worth $3,089,914,000 after buying an additional 5,874,701 shares during the period. Finally, AGF Management Ltd. increased its position in Robinhood Markets by 286.0% in the 1st quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock worth $239,053,000 after buying 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 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.