Robinhood Markets, Inc. (NASDAQ:HOOD – Get Rating) CEO Vladimir Tenev sold 118,142 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $9.10, for a total value of $1,075,092.20. Following the completion of the transaction, the chief executive officer now owns 1,383,006 shares in the company, valued at approximately $12,585,354.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Robinhood Markets Stock Performance
NASDAQ HOOD opened at $10.40 on Friday. Robinhood Markets, Inc. has a twelve month low of $6.81 and a twelve month high of $60.88. The stock has a market capitalization of $9.07 billion and a PE ratio of -1.19. The stock has a 50-day simple moving average of $8.64 and a 200 day simple moving average of $10.75.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Mizuho lowered their target price on Robinhood Markets from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on Robinhood Markets from $11.00 to $7.00 in a research note on Tuesday, June 14th. JMP Securities lowered their target price on Robinhood Markets from $36.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 12th. Morgan Stanley reduced their price target on Robinhood Markets from $14.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Robinhood Markets from $8.00 to $9.00 in a research report on Thursday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.19.
Hedge Funds Weigh In On Robinhood Markets
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), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.
- Get a free copy of the StockNews.com research report on Robinhood Markets (HOOD)
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