Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 30,050,000 shares, a drop of 6.7% from the March 15th total of 32,200,000 shares. Based on an average daily volume of 15,420,000 shares, the short-interest ratio is presently 1.9 days. Currently, 6.9% of the company’s stock are short sold.
Analysts Set New Price Targets
A number of equities analysts have commented on HOOD shares. TheStreet upgraded shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research report on Wednesday, February 28th. Sanford C. Bernstein initiated coverage on shares of Robinhood Markets in a research report on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price objective for the company. Piper Sandler boosted their target price on Robinhood Markets from $12.50 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. JMP Securities upped their price objective on Robinhood Markets from $25.00 to $28.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. raised their target price on Robinhood Markets from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.81.
View Our Latest Report on Robinhood Markets
Insider Buying and Selling at Robinhood Markets
Institutional Trading of Robinhood Markets
Hedge funds have recently bought and sold shares of the company. Spire Wealth Management purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at $26,000. Covestor Ltd purchased a new stake in Robinhood Markets in the 1st quarter valued at about $28,000. Quantbot Technologies LP acquired a new position in shares of Robinhood Markets during the 2nd quarter valued at about $28,000. Peoples Bank KS purchased a new position in shares of Robinhood Markets during the 3rd quarter worth about $29,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Robinhood Markets by 46.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after acquiring an additional 722 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
Robinhood Markets Stock Performance
HOOD stock opened at $17.08 on Thursday. The stock’s 50 day moving average price is $16.72 and its 200 day moving average price is $12.58. The firm has a market cap of $14.94 billion, a P/E ratio of -28.47 and a beta of 1.69. Robinhood Markets has a 1 year low of $7.91 and a 1 year high of $20.55.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.19) EPS. On average, research analysts predict that Robinhood Markets will post 0.29 earnings per share for the current year.
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.
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