Robinhood Markets (NASDAQ:HOOD) Shares Down 1% - What's Next?

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report)'s stock price fell 1% on Tuesday . The company traded as low as $45.82 and last traded at $47.58. 11,630,811 shares were traded during mid-day trading, a decline of 55% from the average session volume of 25,803,511 shares. The stock had previously closed at $48.05.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. KeyCorp decreased their price objective on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Needham & Company LLC dropped their target price on Robinhood Markets from $62.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Wolfe Research cut Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Finally, Barclays dropped their price target on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets currently has a consensus rating of "Moderate Buy" and an average price target of $53.24.

Robinhood Markets Stock Up 8.5 %

The company has a market cap of $48.04 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 1.05 and a beta of 2.15. The business has a fifty day simple moving average of $43.07 and a 200 day simple moving average of $42.02.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The firm had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. During the same period in the previous year, the business earned $0.18 earnings per share. The business's revenue for the quarter was up 50.0% on a year-over-year basis. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In related news, Director Baiju Bhatt sold 90,866 shares of Robinhood Markets stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44. Following the completion of the transaction, the director now directly owns 5,042 shares in the company, valued at approximately $279,024.28. This trade represents a 94.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Quirk sold 123,272 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $55.80, for a total value of $6,878,577.60. Following the transaction, the insider now owns 298,826 shares in the company, valued at $16,674,490.80. This trade represents a 29.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,334,593 shares of company stock valued at $114,717,271 over the last ninety days. Corporate insiders own 19.95% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Whipplewood Advisors LLC grew its stake in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after purchasing an additional 508 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets in the 4th quarter valued at about $26,000. Wayfinding Financial LLC bought a new stake in shares of Robinhood Markets during the 1st quarter worth about $30,000. CoreCap Advisors LLC boosted its holdings in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after acquiring an additional 550 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the period. Institutional investors 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.