Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report)'s stock price rose 4.6% on Monday . The company traded as high as $75.61 and last traded at $75.96. Approximately 10,347,541 shares were traded during trading, a decline of 62% from the average daily volume of 27,330,413 shares. The stock had previously closed at $72.60.
Analyst Ratings Changes
HOOD has been the subject of a number of analyst reports. JMP Securities restated a "market outperform" rating and set a $70.00 price objective on shares of Robinhood Markets in a research note on Thursday, May 1st. The Goldman Sachs Group raised their price objective on shares of Robinhood Markets from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Morgan Stanley raised their price objective on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Finally, Needham & Company LLC restated a "buy" rating and set a $71.00 price objective on shares of Robinhood Markets in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $58.00.
Check Out Our Latest Report on HOOD
Robinhood Markets Stock Up 4.5%
The company has a market cap of $69.38 billion, a PE ratio of 44.52, a P/E/G ratio of 4.62 and a beta of 2.25. The business's fifty day moving average is $59.21 and its 200-day moving average is $49.74.
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 (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a net margin of 48.77% and a return on equity of 15.42%. The company's quarterly revenue was up 50.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. Analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.
Insider Activity
In other news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Baiju Bhatt sold 47,023 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $46.37, for a total transaction of $2,180,456.51. Following the completion of the sale, the director now owns 5,042 shares in the company, valued at $233,797.54. This represents a 90.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,645,121 shares of company stock worth $142,723,337 over the last quarter. Insiders own 14.47% of the company's stock.
Institutional Investors Weigh In On Robinhood Markets
Large investors have recently bought and sold shares of the business. Whipplewood Advisors LLC increased its position in 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 during the last quarter. Hemington Wealth Management increased its position in Robinhood Markets by 52.2% in the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Robinhood Markets in the first quarter worth $30,000. Pandora Wealth Inc. bought a new stake in Robinhood Markets in the first quarter worth $33,000. Finally, CoreCap Advisors LLC increased its position in Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 93.27% of the company's stock.
About Robinhood Markets
(
Get Free Report)
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.
See Also
Before you consider Robinhood Markets, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robinhood Markets wasn't on the list.
While Robinhood Markets currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
