Robinhood Markets (NASDAQ:HOOD – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 2nd. Analysts expect the company to announce earnings of ($0.28) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Robinhood Markets (NASDAQ:HOOD – Get Rating) last released its quarterly earnings data 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. Robinhood Markets had a negative net margin of 221.99% and a negative return on equity of 27.59%. The business had revenue of $318.00 million for the quarter, compared to analyst estimates of $351.65 million. On average, analysts expect Robinhood Markets to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Robinhood Markets Price Performance
Robinhood Markets stock opened at $10.83 on Wednesday. The company’s 50 day simple moving average is $10.06 and its 200 day simple moving average is $9.63. Robinhood Markets has a fifty-two week low of $6.81 and a fifty-two week high of $40.25. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of -1.18 and a beta of 0.76.
Insiders Place Their Bets
In other news, insider Baiju Bhatt sold 118,134 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $9.10, for a total value of $1,075,019.40. Following the completion of the transaction, the insider now owns 370,766 shares of the company’s stock, valued at $3,373,970.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Vladimir Tenev sold 118,142 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $9.10, for a total value of $1,075,092.20. Following the transaction, the chief executive officer now directly owns 1,383,006 shares in the company, valued at approximately $12,585,354.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Baiju Bhatt sold 118,134 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $9.10, for a total value of $1,075,019.40. Following the completion of the transaction, the insider now owns 370,766 shares in the company, valued at $3,373,970.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 393,457 shares of company stock valued at $3,818,612. 15.31% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Robinhood Markets
Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Robinhood Markets by 7,430.5% during the 1st quarter. Vanguard Group Inc. now owns 40,217,187 shares of the company’s stock valued at $543,334,000 after acquiring an additional 39,683,128 shares during the last quarter. State Street Corp increased its stake in shares of Robinhood Markets by 266.9% during the second quarter. State Street Corp now owns 5,574,481 shares of the company’s stock valued at $45,822,000 after buying an additional 4,055,065 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Robinhood Markets during the first quarter valued at approximately $52,986,000. Spring Creek Capital LLC boosted its position in shares of Robinhood Markets by 130.7% during the first quarter. Spring Creek Capital LLC now owns 3,411,841 shares of the company’s stock valued at $46,094,000 after purchasing an additional 1,932,667 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Robinhood Markets by 207.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 829,556 shares of the company’s stock valued at $6,819,000 after purchasing an additional 559,694 shares in the last quarter. 57.95% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. JMP Securities cut their price target on shares of Robinhood Markets from $36.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 12th. KeyCorp lowered their price objective on shares of Robinhood Markets from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 1st. Mizuho lowered their price objective on shares of Robinhood Markets from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Barclays lifted their price objective on shares of Robinhood Markets from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Monday, October 10th. Finally, Atlantic Securities lifted their price objective on shares of Robinhood Markets from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Wednesday, August 31st. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.89.
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.