KeyCorp Cuts Robinhood Markets (NASDAQ:HOOD) Price Target to $55.00

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its price objective reduced by stock analysts at KeyCorp from $75.00 to $55.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's target price points to a potential upside of 11.91% from the stock's current price.

HOOD has been the subject of several other research reports. Wolfe Research downgraded shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Cantor Fitzgerald began coverage on shares of Robinhood Markets in a research note on Thursday, March 6th. They issued an "overweight" rating and a $69.00 target price for the company. Morgan Stanley lowered Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price target on the stock. in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Finally, Needham & Company LLC cut their price objective on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.88.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD traded up $1.00 on Wednesday, hitting $49.15. The company's stock had a trading volume of 12,564,794 shares, compared to its average volume of 24,715,581. The stock has a 50 day moving average of $43.71 and a 200-day moving average of $40.62. The company has a market capitalization of $43.52 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. Robinhood Markets has a 12-month low of $13.98 and a 12-month high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Sell-side analysts expect 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 25,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $51.60, for a total value of $1,290,000.00. Following the transaction, the insider now owns 706,642 shares in the company, valued at approximately $36,462,727.20. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's 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 sale, the chief technology officer now owns 17,559 shares of the company's stock, valued at approximately $821,936.79. This trade represents a 25.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,193,327 shares of company stock valued at $107,903,039 over the last 90 days. 19.95% of the stock is owned by corporate insiders.

Institutional Trading of Robinhood Markets

A number of hedge funds have recently made changes to their positions in the stock. Whipplewood Advisors LLC boosted its stake in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after acquiring an additional 508 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Robinhood Markets during the fourth quarter valued at approximately $26,000. CoreCap Advisors LLC grew its position in shares of Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Robinhood Markets by 750.0% in the 4th 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 last quarter. Finally, Colonial Trust Co SC acquired a new stake in shares of Robinhood Markets during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.27% 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.