Robinhood Markets (NASDAQ:HOOD – Get Rating) had its price objective hoisted by equities research analysts at Barclays from $10.00 to $11.00 in a report issued on Monday, The Fly reports. Barclays’s price target points to a potential upside of 1.85% from the company’s current price.
HOOD has been the topic of a number of other research reports. Atlantic Securities increased their price target on shares of Robinhood Markets from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, August 12th. The Goldman Sachs Group raised shares of Robinhood Markets from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $11.50 to $9.50 in a research note on Monday, June 27th. JMP Securities decreased their price objective on shares of Robinhood Markets from $36.00 to $28.00 and set a “market outperform” rating for the company in a report on Tuesday, July 12th. Finally, Piper Sandler decreased their price target on shares of Robinhood Markets from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Hold” and a consensus target price of $12.82.
Robinhood Markets Stock Down 3.3 %
NASDAQ HOOD opened at $10.80 on Monday. The stock has a market capitalization of $9.51 billion, a P/E ratio of -1.18 and a beta of 0.76. Robinhood Markets has a 52-week low of $6.81 and a 52-week high of $43.36. The firm has a 50-day moving average price of $10.07 and a 200 day moving average price of $9.87.
Robinhood Markets (NASDAQ:HOOD – Get Rating) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.02. The company had revenue of $318.00 million for the quarter, compared to analyst estimates of $351.65 million. Robinhood Markets had a negative net margin of 221.99% and a negative return on equity of 27.59%. On average, equities research analysts expect that Robinhood Markets will post -1.34 earnings per share for the current fiscal year.
Insider Activity at Robinhood Markets
In related news, CFO Jason Warnick sold 20,000 shares of Robinhood Markets stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $10.67, for a total value of $213,400.00. Following the sale, the chief financial officer now directly owns 415,084 shares in the company, valued at approximately $4,428,946.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Robinhood Markets news, CEO Vladimir Tenev sold 118,142 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $9.10, for a total transaction of $1,075,092.20. Following the sale, the chief executive officer now directly owns 1,383,006 shares in the company, valued at approximately $12,585,354.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Warnick sold 20,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $10.67, for a total transaction of $213,400.00. Following the sale, the chief financial officer now owns 415,084 shares in the company, valued at $4,428,946.28. The disclosure for this sale can be found here. Insiders have sold a total of 393,457 shares of company stock worth $3,818,612 in the last ninety days. 15.31% of the stock is owned by insiders.
Institutional Trading of Robinhood Markets
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Robinhood Markets by 7,430.5% in the 1st quarter. Vanguard Group Inc. now owns 40,217,187 shares of the company’s stock worth $543,334,000 after purchasing an additional 39,683,128 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $192,352,000. Bullfrog Capital GP Ltd. bought a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $105,743,000. Nikko Asset Management Americas Inc. raised its holdings in shares of Robinhood Markets by 58.0% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 22,925,406 shares of the company’s stock worth $313,203,000 after purchasing an additional 8,412,905 shares in the last quarter. Finally, ARK Investment Management LLC raised its holdings in shares of Robinhood Markets by 27.3% in the 1st quarter. ARK Investment Management LLC now owns 30,353,313 shares of the company’s stock worth $410,073,000 after purchasing an additional 6,505,389 shares in the last quarter. 57.95% of the stock is currently 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), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron’s, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.