Robinhood Markets (NASDAQ:HOOD) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its target price boosted by analysts at Deutsche Bank Aktiengesellschaft from $54.00 to $64.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 4.25% from the company's current price.

HOOD has been the subject of a number of other research reports. Citigroup lowered their target price on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. The Goldman Sachs Group raised their target price on Robinhood Markets from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday. Cantor Fitzgerald reduced their target price on Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Needham & Company LLC increased their price target on Robinhood Markets from $58.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $55.41.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD traded down $1.18 during trading hours on Wednesday, hitting $61.39. 27,751,132 shares of the company's stock traded hands, compared to its average volume of 26,300,402. The business has a fifty day moving average price of $43.92 and a 200-day moving average price of $42.96. The firm has a market capitalization of $54.36 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. Robinhood Markets has a 1 year low of $13.98 and a 1 year high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced 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). The firm had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The firm's revenue for the quarter was up 50.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. As a group, equities analysts predict that Robinhood Markets will post 1.35 earnings per share for the current year.

Insider Activity

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total value of $273,978.93. Following the transaction, the chief technology officer now directly owns 17,559 shares in the company, valued at approximately $821,936.79. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Baiju Bhatt sold 522,180 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $62.70, for a total value of $32,740,686.00. Following the completion of the transaction, the director now owns 5,042 shares in the company, valued at $316,133.40. This represents a 99.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,362,194 shares of company stock valued at $116,234,743. 14.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC lifted its holdings in Robinhood Markets by 564.4% in 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 last quarter. Hemington Wealth Management raised its position in Robinhood Markets by 52.2% in the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 218 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $26,000. Wayfinding Financial LLC purchased a new stake in Robinhood Markets in the first quarter valued at approximately $30,000. Finally, Pandora Wealth Inc. purchased a new stake in Robinhood Markets in the first quarter valued at approximately $33,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

About Robinhood Markets

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.

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