Robinhood Markets, Inc. (NASDAQ:HOOD) Given Average Recommendation of “Moderate Buy” by Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has been given an average recommendation of “Moderate Buy” by the nineteen research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $85.29.

Several equities analysts have commented on HOOD shares. JPMorgan Chase & Co. increased their target price on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. JMP Securities increased their price target on shares of Robinhood Markets from $70.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Monday, July 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $71.00 price objective on shares of Robinhood Markets in a report on Tuesday, May 27th. Citigroup raised their price target on shares of Robinhood Markets from $50.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, July 7th. Finally, Mizuho raised their price objective on shares of Robinhood Markets from $80.00 to $99.00 and gave the company an “outperform” rating in a research note on Tuesday, July 1st.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction on Friday, July 25th. The shares were sold at an average price of $104.73, for a total value of $614,136.72. Following the sale, the chief technology officer directly owned 3,044 shares in the company, valued at approximately $318,798.12. The trade was a 65.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $93.88, for a total transaction of $2,347,000.00. Following the transaction, the insider owned 816,887 shares in the company, valued at $76,689,351.56. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,026,690 shares of company stock valued at $257,160,102 over the last quarter. 19.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Robinhood Markets by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company’s stock worth $3,089,914,000 after acquiring an additional 5,874,701 shares during the period. FMR LLC grew its holdings in Robinhood Markets by 184.8% in the fourth quarter. FMR LLC now owns 40,237,478 shares of the company’s stock worth $1,499,248,000 after purchasing an additional 26,107,934 shares during the period. Newlands Management Operations LLC grew its holdings in Robinhood Markets by 1.1% in the fourth quarter. Newlands Management Operations LLC now owns 24,158,860 shares of the company’s stock worth $900,159,000 after purchasing an additional 273,860 shares during the period. Geode Capital Management LLC grew its holdings in shares of Robinhood Markets by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company’s stock valued at $455,464,000 after buying an additional 555,299 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Robinhood Markets by 34.4% during the fourth quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company’s stock valued at $450,031,000 after buying an additional 3,091,514 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Down 3.2%

Shares of NASDAQ:HOOD opened at $103.32 on Friday. The company’s fifty day moving average is $84.57 and its two-hundred day moving average is $60.74. Robinhood Markets has a 12-month low of $13.98 and a 12-month high of $113.44. The company has a market cap of $91.49 billion, a P/E ratio of 58.70, a price-to-earnings-growth ratio of 5.44 and a beta of 2.36.

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

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.