Robinhood Markets (NASDAQ:HOOD) Stock Price Down 2.7% - Time to Sell?

Key Points

• Robinhood shares fell 2.7% to about $105.78 on Tuesday, trading below its 50- and 200-day moving averages (~$120) with a market cap near $95.1 billion and a P/E of 43.9.
• Analysts are mostly bullish — MarketBeat shows a "Moderate Buy" consensus with an average target of $136.62 and several firms raising targets as high as $180.
• Fundamentals: Robinhood beat quarterly expectations (EPS $0.61 vs. $0.41) and revenue doubled year-over-year to $1.27B, but insiders sold roughly 2.88 million shares (~$358M) in the last quarter.

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) shares fell 2.7% during trading on Tuesday . The company traded as low as $104.45 and last traded at $105.78. 23,320,453 shares changed hands during trading, an increase of 3% from the average session volume of 22,611,756 shares. The stock had previously closed at $108.74.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HOOD. Citizens Jmp increased their target price on Robinhood Markets from $170.00 to $180.00 and gave the stock a "market outperform" rating in a report on Friday, November 7th. Mizuho boosted their target price on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an "outperform" rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Robinhood Markets in a research report on Monday, December 22nd. Loop Capital set a $152.00 price objective on shares of Robinhood Markets in a research note on Thursday, December 11th. Finally, KeyCorp boosted their target price on Robinhood Markets from $135.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $136.62.

Robinhood Markets Stock Down 2.7%

The business's fifty day moving average is $120.63 and its two-hundred day moving average is $119.51. The firm has a market cap of $95.12 billion, a price-to-earnings ratio of 43.89, a price-to-earnings-growth ratio of 1.73 and a beta of 2.44.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $0.17 EPS. The business's quarterly revenue was up 100.0% compared to the same quarter last year. Research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, insider Steven M. Quirk sold 49,942 shares of the business's stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the transaction, the insider directly owned 54,496 shares in the company, valued at $7,147,150.40. The trade was a 47.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of Robinhood Markets stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total value of $15,855,600.00. Following the sale, the insider directly owned 430,012 shares of the company's stock, valued at $56,817,485.56. This represents a 21.82% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,878,425 shares of company stock valued at $358,332,025. Corporate insiders own 19.95% of the company's stock.

Institutional Investors Weigh In On Robinhood Markets

A number of hedge funds have recently made changes to their positions in the stock. Valley National Advisers Inc. lifted its stake in shares of Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company's stock valued at $27,000 after buying an additional 99 shares during the last quarter. Vision Financial Markets LLC grew its holdings in Robinhood Markets by 100.0% during the 3rd quarter. Vision Financial Markets LLC now owns 200 shares of the company's stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Robinhood Markets in the 3rd quarter valued at approximately $29,000. Finally, Guerra Advisors Inc acquired a new position in shares of Robinhood Markets during the third quarter worth $30,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

About Robinhood Markets

Robinhood Markets, Inc NASDAQ: HOOD is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to "democratize finance for all." Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood's core products and services include a mobile app and web platform for trading U.S.

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