Robinhood Markets' (HOOD) "Sell" Rating Reaffirmed at Redburn Atlantic

Redburn Atlantic reaffirmed their sell rating on shares of Robinhood Markets (NASDAQ:HOOD - Free Report) in a research note published on Monday, MarketBeat.com reports. Redburn Atlantic currently has a $48.00 price target on the stock, up from their prior price target of $40.00.

Other analysts have also recently issued research reports about the company. Morgan Stanley upped their price objective on Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group increased their price objective on shares of Robinhood Markets from $56.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Wolfe Research lowered shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Barclays dropped their price objective on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets presently has an average rating of "Moderate Buy" and an average target price of $57.17.

Robinhood Markets Stock Down 1.4%

HOOD traded down $1.04 during midday trading on Monday, hitting $73.84. 22,509,122 shares of the company traded hands, compared to its average volume of 27,250,980. The company's 50-day moving average is $54.68 and its 200 day moving average is $48.16. Robinhood Markets has a 52 week low of $13.98 and a 52 week high of $77.80. The firm has a market capitalization of $65.38 billion, a PE ratio of 47.03, a price-to-earnings-growth ratio of 1.05 and a beta of 2.25.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results 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 return on equity of 13.53% and a net margin of 47.81%. The company had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. The company's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. On average, sell-side analysts predict that Robinhood Markets will post 1.35 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 418,338 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $64.46, for a total transaction of $26,966,067.48. Following the completion of the transaction, the director now directly owns 7,863 shares of the company's stock, valued at approximately $506,848.98. This represents a 98.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,232,636 shares of company stock valued at $111,898,793 in the last quarter. 14.47% of the stock is currently owned by corporate insiders.

Institutional Trading of Robinhood Markets

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Robinhood Markets by 8.6% in the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock worth $3,089,914,000 after purchasing an additional 5,874,701 shares during the last quarter. 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 worth $1,499,248,000 after buying an additional 26,107,934 shares during the last quarter. Newlands Management Operations LLC lifted its stake in Robinhood Markets by 1.1% during the 4th quarter. Newlands Management Operations LLC now owns 24,158,860 shares of the company's stock valued at $900,159,000 after acquiring an additional 273,860 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Robinhood Markets by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company's stock valued at $455,464,000 after acquiring an additional 555,299 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Robinhood Markets by 34.4% in the fourth quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company's stock worth $450,031,000 after acquiring an additional 3,091,514 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

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.