GSA Capital Partners LLP Buys 51,959 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

GSA Capital Partners LLP lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 182.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,419 shares of the company's stock after buying an additional 51,959 shares during the quarter. GSA Capital Partners LLP's holdings in Robinhood Markets were worth $1,883,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HOOD. HM Payson & Co. boosted its holdings in Robinhood Markets by 53.5% in the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company's stock valued at $28,000 after purchasing an additional 410 shares during the period. Signaturefd LLC lifted its position in shares of Robinhood Markets by 16.5% during the 3rd quarter. Signaturefd LLC now owns 3,437 shares of the company's stock valued at $80,000 after acquiring an additional 487 shares during the period. Castleview Partners LLC increased its position in shares of Robinhood Markets by 18.2% in the third quarter. Castleview Partners LLC now owns 3,788 shares of the company's stock worth $89,000 after purchasing an additional 582 shares during the period. Axxcess Wealth Management LLC raised its stake in Robinhood Markets by 3.1% in the third quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company's stock valued at $463,000 after purchasing an additional 598 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its position in Robinhood Markets by 5.3% during the first quarter. Angeles Wealth Management LLC now owns 12,207 shares of the company's stock worth $246,000 after purchasing an additional 610 shares during the period. Institutional investors own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HOOD shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Robinhood Markets from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Monday. JPMorgan Chase & Co. raised their target price on Robinhood Markets from $17.00 to $21.00 and gave the company an "underweight" rating in a report on Thursday, October 17th. Barclays upped their price objective on Robinhood Markets from $23.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Needham & Company LLC reissued a "hold" rating on shares of Robinhood Markets in a research note on Thursday, October 31st. Finally, Citigroup raised their price target on shares of Robinhood Markets from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.10.

Robinhood Markets Stock Performance

Shares of HOOD traded down $1.09 during trading hours on Wednesday, hitting $31.91. 23,012,295 shares of the stock were exchanged, compared to its average volume of 15,994,505. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $34.32. The company has a market cap of $28.21 billion, a price-to-earnings ratio of 56.31, a price-to-earnings-growth ratio of 0.79 and a beta of 1.84. The stock's 50-day moving average price is $24.69 and its two-hundred day moving average price is $22.05.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to analysts' expectations of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. Robinhood Markets's quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. On average, research analysts expect that Robinhood Markets, Inc. will post 0.72 earnings per share for the current year.

Insider Activity

In other Robinhood Markets news, CFO Jason Warnick sold 25,000 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $20.96, for a total value of $524,000.00. Following the completion of the sale, the chief financial officer now owns 1,077,162 shares of the company's stock, valued at approximately $22,577,315.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jason Warnick sold 25,000 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $20.96, for a total value of $524,000.00. Following the completion of the transaction, the chief financial officer now owns 1,077,162 shares of the company's stock, valued at approximately $22,577,315.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $19.33, for a total transaction of $241,625.00. Following the completion of the transaction, the insider now owns 1,045,068 shares in the company, valued at approximately $20,201,164.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,710,549 shares of company stock valued at $115,477,194 over the last quarter. Corporate insiders own 19.95% of the company's stock.

About Robinhood Markets

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.