Baiju Bhatt Sells 16,667 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 16,667 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $17.16, for a total value of $286,005.72. Following the transaction, the director now owns 36,045 shares of the company’s stock, valued at $618,532.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Baiju Bhatt also recently made the following trade(s):

• On Tuesday, March 19th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.17, for a total transaction of $286,172.39.
• On Tuesday, March 12th, Baiju Bhatt sold 157,177 shares of Robinhood Markets stock. The shares were sold at an average price of $16.41, for a total transaction of $2,579,274.57.
• On Thursday, February 29th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $16.17, for a total transaction of $269,505.39.
• On Monday, February 26th, Baiju Bhatt sold 482,667 shares of Robinhood Markets stock. The stock was sold at an average price of $15.10, for a total transaction of $7,288,271.70.
• On Wednesday, February 21st, Baiju Bhatt sold 188,077 shares of Robinhood Markets stock. The shares were sold at an average price of $13.57, for a total value of $2,552,204.89.

Robinhood Markets Stock Up 2.5 %

Shares of HOOD stock opened at $17.62 on Wednesday. The stock has a market cap of $15.41 billion, a P/E ratio of -29.37 and a beta of 1.68. Robinhood Markets, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $20.55. The business has a fifty day simple moving average of $17.15 and a 200-day simple moving average of $12.81.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The firm had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. During the same period last year, the firm posted ($0.19) EPS. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently modified their holdings of HOOD. Shikiar Asset Management Inc. purchased a new stake in Robinhood Markets in the 1st quarter valued at about $3,192,000. Allspring Global Investments Holdings LLC acquired a new stake in Robinhood Markets during the 1st quarter valued at $34,000. Diversified Trust Co purchased a new stake in Robinhood Markets during the 1st quarter worth $278,000. SteelPeak Wealth LLC boosted its position in Robinhood Markets by 92.6% in the 1st quarter. SteelPeak Wealth LLC now owns 21,340 shares of the company’s stock valued at $430,000 after buying an additional 10,258 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Robinhood Markets during the first quarter valued at about $612,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on HOOD shares. Piper Sandler raised their target price on shares of Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Morgan Stanley raised their price objective on shares of Robinhood Markets from $11.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods assumed coverage on shares of Robinhood Markets in a research note on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 target price for the company. JMP Securities raised their price target on Robinhood Markets from $25.00 to $28.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Finally, KeyCorp lifted their price target on Robinhood Markets from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.88.

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.