KeyCorp Increases Robinhood Markets (NASDAQ:HOOD) Price Target to $110.00

Robinhood Markets (NASDAQ:HOOD) had its target price increased by investment analysts at KeyCorp from $60.00 to $110.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 12.27% from the company’s current price.

Other research analysts have also recently issued reports about the company. Citigroup reduced their price target on Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. JMP Securities reissued a “market outperform” rating and issued a $70.00 price objective on shares of Robinhood Markets in a report on Thursday, May 1st. Mizuho boosted their target price on shares of Robinhood Markets from $65.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, June 17th. Compass Point upped their price target on shares of Robinhood Markets from $64.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Finally, Barclays cut their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $69.00.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $97.98 on Tuesday. The stock has a 50-day simple moving average of $67.00 and a 200 day simple moving average of $52.62. Robinhood Markets has a 52-week low of $13.98 and a 52-week high of $100.88. The company has a market cap of $86.76 billion, a PE ratio of 55.67, a PEG ratio of 4.70 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. During the same period last year, the company earned $0.18 EPS. The company’s revenue was up 50.0% compared to the same quarter last year. On average, research analysts predict that Robinhood Markets will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In related news, Director Baiju Bhatt sold 418,338 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $64.46, for a total value of $26,966,067.48. Following the completion of the sale, the director directly owned 7,863 shares in the company, valued at $506,848.98. The trade was a 98.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven M. Quirk sold 104,887 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $70.14, for a total value of $7,356,774.18. Following the completion of the transaction, the insider directly owned 228,621 shares in the company, valued at approximately $16,035,476.94. This represents a 31.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,697,691 shares of company stock valued at $106,750,976 in the last three months. 14.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Robinhood Markets

A number of hedge funds have recently bought and sold shares of HOOD. Whipplewood Advisors LLC increased its position in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock worth $25,000 after purchasing an additional 508 shares during the period. Hemington Wealth Management raised its holdings in shares of Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after buying an additional 218 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Robinhood Markets during the 1st quarter worth $30,000. CoreCap Advisors LLC boosted its stake in Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock valued at $31,000 after buying an additional 550 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after acquiring an additional 750 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

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.