Robinhood Markets (NASDAQ:HOOD) Given New $21.00 Price Target at Mizuho

Robinhood Markets (NASDAQ:HOOD) had its price target upped by equities research analysts at Mizuho from $20.00 to $21.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Mizuho’s target price would indicate a potential upside of 16.99% from the stock’s current price.

Several other analysts have also commented on HOOD. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Wednesday, February 14th. Sanford C. Bernstein began coverage on shares of Robinhood Markets in a research report on Thursday, March 14th. They set an “outperform” rating and a $30.00 price objective for the company. Piper Sandler lifted their target price on shares of Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Robinhood Markets from $12.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday, March 19th. Finally, Barclays lifted their price objective on Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Hold” and an average target price of $18.96.

Robinhood Markets Stock Up 1.9 %

Shares of HOOD stock opened at $17.95 on Monday. The stock has a market cap of $15.70 billion, a PE ratio of -29.92 and a beta of 1.74. The business has a 50-day simple moving average of $17.70 and a 200-day simple moving average of $13.24. Robinhood Markets has a 52-week low of $7.91 and a 52-week high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business 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 company’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.19) EPS. Sell-side analysts anticipate that Robinhood Markets will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 25,049 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $17.04, for a total transaction of $426,834.96. Following the completion of the transaction, the chief executive officer now directly owns 32,584 shares in the company, valued at approximately $555,231.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Vladimir Tenev sold 25,049 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $17.04, for a total transaction of $426,834.96. Following the completion of the transaction, the chief executive officer now directly owns 32,584 shares in the company, valued at approximately $555,231.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Baiju Bhatt sold 482,667 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.10, for a total value of $7,288,271.70. Following the transaction, the insider now owns 36,045 shares of the company’s stock, valued at $544,279.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,150,526 shares of company stock worth $34,221,892. 20.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently bought and sold shares of the company. Spire Wealth Management purchased a new position in Robinhood Markets during the 4th quarter valued at about $26,000. Peoples Bank KS acquired a new stake in Robinhood Markets in the 3rd quarter valued at about $29,000. PNC Financial Services Group Inc. raised its position in Robinhood Markets by 46.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in Robinhood Markets in the 3rd quarter valued at about $30,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Robinhood Markets in the 1st quarter valued at about $34,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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.