Robinhood Markets (NASDAQ:HOOD) PT Raised to $15.00 at Mizuho

Robinhood Markets (NASDAQ:HOOD – Get Free Report) had its price objective raised by equities research analysts at Mizuho from $14.00 to $15.00 in a note issued to investors on Monday, FlyOnTheWall reports. Mizuho’s price target would indicate a potential upside of 32.98% from the company’s current price.

Other analysts also recently issued reports about the company. Citigroup upped their price objective on Robinhood Markets from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Thursday. Piper Sandler upped their price objective on Robinhood Markets from $11.00 to $11.50 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on Robinhood Markets from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, July 13th. Barclays upped their price objective on Robinhood Markets from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, KeyCorp increased their target price on Robinhood Markets from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.68.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $11.28 on Monday. The firm has a market capitalization of $10.19 billion, a price-to-earnings ratio of -12.13 and a beta of 1.30. Robinhood Markets has a fifty-two week low of $7.57 and a fifty-two week high of $13.23. The stock’s fifty day moving average is $10.79 and its two-hundred day moving average is $9.95.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.05. Robinhood Markets had a negative return on equity of 11.75% and a negative net margin of 49.58%. The company had revenue of $486.00 million for the quarter, compared to analyst estimates of $472.94 million. During the same quarter in the prior year, the company earned ($0.34) earnings per share. Robinhood Markets’s revenue was up 52.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Robinhood Markets will post -0.54 EPS for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $9.11, for a total value of $113,875.00. Following the transaction, the insider now directly owns 544,962 shares in the company, valued at approximately $4,964,603.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $9.11, for a total value of $113,875.00. Following the transaction, the insider now directly owns 544,962 shares in the company, valued at approximately $4,964,603.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason Warnick sold 5,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $12.69, for a total value of $63,450.00. Following the completion of the sale, the chief financial officer now owns 703,325 shares of the company’s stock, valued at approximately $8,925,194.25. The disclosure for this sale can be found here. Insiders have sold a total of 558,475 shares of company stock worth $5,831,232 in the last three months. 20.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Robinhood Markets

A number of large investors have recently modified their holdings of HOOD. Covestor Ltd acquired a new stake in shares of Robinhood Markets in the first quarter valued at about $28,000. Quantbot Technologies LP acquired a new stake in shares of Robinhood Markets in the second quarter valued at about $28,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Robinhood Markets during the 2nd quarter valued at approximately $29,000. HBK Sorce Advisory LLC grew its stake in Robinhood Markets by 99.4% during the 4th quarter. HBK Sorce Advisory LLC now owns 30,000 shares of the company’s stock valued at $32,000 after purchasing an additional 14,956 shares in the last quarter. Finally, Partners Capital Investment Group LLP acquired a new stake in Robinhood Markets during the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 59.78% of the company’s stock.

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 provides various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is an online collection of beginners’ guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron’s, Reuters, and Dow Jones; Snacks, an accessible digest of business news stories for new generation of investors.