Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $45.00 at Citigroup

Robinhood Markets (NASDAQ:HOOD - Free Report) had its price objective lifted by Citigroup from $25.00 to $45.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

HOOD has been the topic of several other reports. Keefe, Bruyette & Woods lifted their target price on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Sanford C. Bernstein upped their target price on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. JMP Securities upped their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a "market outperform" rating in a research report on Tuesday, November 12th. Finally, Piper Sandler upped their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock an "overweight" rating in a research report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Robinhood Markets currently has an average rating of "Moderate Buy" and a consensus price target of $42.13.

Robinhood Markets Trading Down 1.8 %

HOOD stock traded down $0.73 on Friday, hitting $40.08. 13,951,677 shares of the company's stock traded hands, compared to its average volume of 17,801,498. Robinhood Markets has a 1-year low of $10.38 and a 1-year high of $43.83. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 67.93, a P/E/G ratio of 0.81 and a beta of 2.07. The stock has a fifty day moving average of $36.99 and a 200-day moving average of $27.42.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm's quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.09) EPS. On average, equities research analysts anticipate that Robinhood Markets will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $42.64, for a total value of $250,552.64. Following the completion of the transaction, the chief technology officer now directly owns 5,876 shares in the company, valued at approximately $250,552.64. This represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 98,404 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $26.40, for a total value of $2,597,865.60. Following the completion of the transaction, the director now owns 2,521 shares of the company's stock, valued at $66,554.40. The trade was a 97.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,708,196 shares of company stock valued at $138,845,043 over the last 90 days. 19.95% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HOOD. FMR LLC raised its position in shares of Robinhood Markets by 31.3% in the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company's stock worth $330,914,000 after acquiring an additional 3,368,118 shares in the last quarter. State Street Corp grew its stake in shares of Robinhood Markets by 8.7% in the 3rd quarter. State Street Corp now owns 13,558,321 shares of the company's stock valued at $317,536,000 after buying an additional 1,085,679 shares during the period. Geode Capital Management LLC grew its stake in shares of Robinhood Markets by 19.5% in the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company's stock valued at $271,708,000 after buying an additional 1,895,427 shares during the period. Renaissance Technologies LLC grew its stake in shares of Robinhood Markets by 37.7% in the 2nd quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company's stock valued at $173,770,000 after buying an additional 2,094,800 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Robinhood Markets by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,581,465 shares of the company's stock valued at $107,298,000 after buying an additional 1,137,677 shares during the period. 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.