Robinhood Markets (NASDAQ:HOOD) Trading Down 10.3% - What's Next?

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) were down 10.3% on Tuesday . The stock traded as low as $44.02 and last traded at $44.79. Approximately 26,528,060 shares traded hands during trading, an increase of 2% from the average daily volume of 25,932,127 shares. The stock had previously closed at $49.93.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wolfe Research downgraded Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Piper Sandler increased their target price on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. JMP Securities upped their price target on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a "market outperform" rating in a report on Thursday, February 13th. Finally, Needham & Company LLC raised their price objective on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $59.53.

Robinhood Markets Trading Up 2.7 %

The firm has a market capitalization of $44.29 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 1.05 and a beta of 2.13. The company's 50 day moving average is $48.34 and its 200-day moving average is $34.88.

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

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 522,180 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00. Following the transaction, the director now owns 5,042 shares in the company, valued at $316,133.40. This trade represents a 99.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total value of $29,370,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,643,879 shares of company stock valued at $207,663,007 in the last ninety days. 19.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Robinhood Markets

A number of large investors have recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Robinhood Markets in the 4th quarter valued at approximately $26,000. HM Payson & Co. raised its position in Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company's stock valued at $28,000 after purchasing an additional 410 shares in the last quarter. True Wealth Design LLC bought a new stake in Robinhood Markets during the third quarter worth $30,000. CoreCap Advisors LLC boosted its holdings in shares of Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Robinhood Markets by 750.0% in 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 last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.