Insider Selling: Robinhood Markets, Inc. (NASDAQ:HOOD) Insider Sells 12,500 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $17.83, for a total value of $222,875.00. Following the completion of the sale, the insider now owns 854,995 shares of the company’s stock, valued at $15,244,560.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $17.85 on Thursday. The business has a 50-day simple moving average of $17.78 and a 200 day simple moving average of $13.37. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $20.55. The firm has a market capitalization of $15.61 billion, a price-to-earnings ratio of -29.75 and a beta of 1.74.

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

Hedge Funds Weigh In On Robinhood Markets

A number of large investors have recently added to or reduced their stakes in the business. Spire Wealth Management purchased a new stake in Robinhood Markets during the fourth quarter valued at about $26,000. Peoples Bank KS purchased a new stake in Robinhood Markets during the 3rd quarter valued at about $29,000. PNC Financial Services Group Inc. boosted its holdings in Robinhood Markets by 46.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after acquiring an additional 722 shares during the period. UniSuper Management Pty Ltd bought a new position in Robinhood Markets during the 3rd quarter worth approximately $30,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Robinhood Markets in the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HOOD. Sanford C. Bernstein began coverage on Robinhood Markets in a research note on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price target for the company. Mizuho increased their target price on shares of Robinhood Markets from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Robinhood Markets from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 14th. KeyCorp increased their price objective on shares of Robinhood Markets from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Finally, TheStreet upgraded shares of Robinhood Markets from a “d+” rating to a “c-” rating in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Robinhood Markets has a consensus rating of “Hold” and an average price target of $18.96.

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.