Barclays Has Lowered Expectations for Robinhood Markets (NASDAQ:HOOD) Stock Price

Robinhood Markets (NASDAQ:HOOD - Free Report) had its target price reduced by Barclays from $76.00 to $45.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also issued reports on HOOD. Citigroup lowered their target price on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Compass Point assumed coverage on Robinhood Markets in a research report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price objective for the company. JMP Securities lifted their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a "market outperform" rating in a research note on Thursday, February 13th. KeyCorp raised their price target on shares of Robinhood Markets from $57.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, Raymond James began coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They set a "market perform" rating on the stock. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $55.06.

Robinhood Markets Price Performance

HOOD stock traded up $2.37 during trading on Monday, reaching $42.88. 30,864,041 shares of the company were exchanged, compared to its average volume of 23,662,387. Robinhood Markets has a twelve month low of $13.98 and a twelve month high of $66.91. The company has a market capitalization of $37.97 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 1.05 and a beta of 2.17. The company has a 50-day moving average of $46.63 and a two-hundred day moving average of $39.35.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. On average, analysts forecast that Robinhood Markets will post 1.35 EPS for the current year.

Insider Activity

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $38.31, for a total value of $957,750.00. Following the completion of the transaction, the insider now directly owns 822,825 shares in the company, valued at approximately $31,522,425.75. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $34.51, for a total value of $201,987.03. Following the sale, the chief technology officer now owns 5,853 shares in the company, valued at $201,987.03. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,651,987 shares of company stock worth $132,806,233 in the last three months. Corporate insiders own 19.95% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Whipplewood Advisors LLC lifted its stake in shares of Robinhood Markets by 564.4% in the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after acquiring an additional 508 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets in the fourth quarter worth approximately $26,000. CoreCap Advisors LLC raised its holdings in Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after buying an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after purchasing an additional 750 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Robinhood Markets by 139.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock valued at $36,000 after purchasing an additional 498 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

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.