Robinhood Markets (NASDAQ:HOOD) Given New $110.00 Price Target at KeyCorp

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its target price raised by equities research analysts at KeyCorp from $60.00 to $110.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. KeyCorp's price objective would indicate a potential upside of 19.14% from the stock's current price.

A number of other equities analysts have also weighed in on HOOD. JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Barclays lowered their price target on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $60.00 price objective on shares of Robinhood Markets in a research note on Thursday, March 27th. Mizuho boosted their price objective on shares of Robinhood Markets from $65.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Finally, Citigroup reduced their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.00.

Robinhood Markets Price Performance

NASDAQ:HOOD traded down $1.30 during mid-day trading on Tuesday, hitting $92.33. The company's stock had a trading volume of 120,772,462 shares, compared to its average volume of 28,770,610. The business's fifty day moving average is $64.93 and its two-hundred day moving average is $52.03. The stock has a market cap of $81.75 billion, a price-to-earnings ratio of 52.46, a PEG ratio of 4.90 and a beta of 2.25. Robinhood Markets has a 1 year low of $13.98 and a 1 year high of $99.09.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $917.12 million. During the same period last year, the firm posted $0.18 earnings per share. Robinhood Markets's revenue was up 50.0% on a year-over-year basis. Analysts anticipate that Robinhood Markets will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $71.64, for a total value of $1,791,000.00. Following the transaction, the insider directly owned 841,887 shares in the company, valued at approximately $60,312,784.68. This represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher D. Payne acquired 26,500 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average cost of $74.19 per share, with a total value of $1,966,035.00. Following the completion of the acquisition, the director owned 26,500 shares of the company's stock, valued at $1,966,035. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 1,722,691 shares of company stock worth $107,708,726. 19.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC boosted its holdings in 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 acquiring an additional 508 shares during the period. Hemington Wealth Management lifted its position in shares of Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after buying an additional 218 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Robinhood Markets in the 1st quarter worth about $30,000. CoreCap Advisors LLC increased 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 buying an additional 550 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Robinhood Markets by 750.0% during 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. Institutional investors and hedge funds own 93.27% of the company's stock.

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.