Robinhood Markets (NASDAQ:HOOD) PT Raised to $20.00 at Deutsche Bank Aktiengesellschaft

Robinhood Markets (NASDAQ:HOODFree Report) had its price target raised by Deutsche Bank Aktiengesellschaft from $19.00 to $20.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a hold rating on the stock.

Several other analysts also recently weighed in on the company. Mizuho increased their target price on Robinhood Markets from $20.00 to $21.00 and gave the company a buy rating in a research note on Monday, May 6th. TheStreet raised Robinhood Markets from a d+ rating to a c- rating in a research report on Wednesday, February 28th. Barclays raised their price objective on shares of Robinhood Markets from $16.00 to $18.00 and gave the stock an underweight rating in a research note on Thursday, May 9th. Sanford C. Bernstein started coverage on shares of Robinhood Markets in a research note on Thursday, March 14th. They set an outperform rating and a $30.00 target price for the company. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Robinhood Markets in a research report on Wednesday, April 3rd. They issued a market perform rating and a $20.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $20.18.

Check Out Our Latest Stock Analysis on HOOD

Robinhood Markets Stock Performance

Shares of HOOD opened at $22.29 on Thursday. The company has a market capitalization of $19.59 billion, a PE ratio of 148.60 and a beta of 1.83. Robinhood Markets has a 52 week low of $7.91 and a 52 week high of $24.28. The company’s 50 day moving average price is $19.56 and its 200 day moving average price is $16.12.

Robinhood Markets (NASDAQ:HOODGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.13. The firm had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $552.74 million. Robinhood Markets had a return on equity of 1.86% and a net margin of 6.22%. The company’s revenue was up 40.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.57) earnings per share. On average, equities analysts forecast that Robinhood Markets will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, Director Baiju Bhatt sold 116,669 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $22.02, for a total transaction of $2,569,051.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Robinhood Markets news, Director Baiju Bhatt sold 116,669 shares of Robinhood Markets stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $22.02, for a total value of $2,569,051.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Warnick sold 5,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $19.59, for a total transaction of $97,950.00. Following the sale, the chief financial officer now directly owns 1,002,407 shares in the company, valued at $19,637,153.13. The disclosure for this sale can be found here. Insiders sold 1,365,507 shares of company stock worth $25,995,973 in the last 90 days. 19.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Robinhood Markets

Several large investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Robinhood Markets during the 4th quarter valued at about $84,165,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Robinhood Markets by 9.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock valued at $372,081,000 after purchasing an additional 2,517,012 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its stake in Robinhood Markets by 9.6% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company’s stock worth $360,514,000 after purchasing an additional 2,486,986 shares during the last quarter. Vanguard Group Inc. boosted its position in Robinhood Markets by 4.5% in the third quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock valued at $561,732,000 after buying an additional 2,459,702 shares in the last quarter. Finally, ARK Investment Management LLC grew its holdings in Robinhood Markets by 6.4% during the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock worth $445,087,000 after acquiring an additional 2,101,325 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Company Profile

(Get Free Report)

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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