Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) saw some unusual options trading on Friday. Investors acquired 307,175 call options on the stock. This represents an increase of 46% compared to the average volume of 210,001 call options.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on HOOD shares. Needham & Company LLC lifted their price target on Robinhood Markets from $52.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. KeyCorp lifted their price target on Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Citigroup lifted their price objective on Robinhood Markets from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on Robinhood Markets from $36.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Wolfe Research cut Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Robinhood Markets currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.13.
Check Out Our Latest Stock Report on Robinhood Markets
Robinhood Markets Stock Performance
Robinhood Markets stock traded down $0.42 during trading on Friday, hitting $44.42. The company's stock had a trading volume of 53,241,546 shares, compared to its average volume of 30,663,816. The stock has a market capitalization of $39.33 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 1.05 and a beta of 2.14. The stock's fifty day moving average is $49.03 and its 200 day moving average is $35.92. Robinhood Markets has a 1-year low of $13.98 and a 1-year high of $66.91.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. On average, research analysts anticipate that Robinhood Markets will post 1.35 EPS for the current fiscal year.
Insider Buying and Selling at Robinhood Markets
In related news, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $37.51, for a total value of $11,253,000.00. Following the sale, the insider now directly owns 806,955 shares in the company, valued at $30,268,882.05. The trade was a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total value of $273,978.93. Following the completion of the sale, the chief technology officer now owns 17,559 shares in the company, valued at approximately $821,936.79. This trade represents a 25.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,171,641 shares of company stock worth $149,567,157. 19.95% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Robinhood Markets
Institutional investors have recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC acquired a new position in Robinhood Markets in the fourth quarter valued at $26,000. True Wealth Design LLC purchased a new stake in Robinhood Markets during the third quarter valued at about $30,000. CoreCap Advisors LLC grew its position in Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after acquiring an additional 550 shares during the period. Creative Financial Designs Inc. ADV grew its position in Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after acquiring an additional 750 shares during the period. Finally, Colonial Trust Co SC purchased a new stake in Robinhood Markets during the fourth quarter valued at about $34,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
Robinhood Markets Company Profile
(
Get Free Report)
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.
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