Robinhood Markets (HOOD) Scheduled to Post Earnings on Wednesday

Robinhood Markets (NASDAQ:HOOD - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The business had revenue of $682.00 million during the quarter, compared to analyst estimates of $640.39 million. During the same period last year, the company earned $0.03 earnings per share. Robinhood Markets's quarterly revenue was up 40.3% compared to the same quarter last year. On average, analysts expect Robinhood Markets to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Robinhood Markets Trading Down 0.3 %

NASDAQ HOOD traded down $0.09 on Wednesday, reaching $27.32. The stock had a trading volume of 2,476,849 shares, compared to its average volume of 15,388,201. Robinhood Markets has a 1 year low of $7.91 and a 1 year high of $27.60. The business has a 50 day moving average price of $22.20 and a 200 day moving average price of $20.91. The company has a market capitalization of $24.01 billion, a price-to-earnings ratio of 182.73 and a beta of 1.84.

Analyst Ratings Changes

A number of equities analysts recently commented on HOOD shares. Bank of America increased their price objective on Robinhood Markets from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Wolfe Research upgraded shares of Robinhood Markets from a "peer perform" rating to an "outperform" rating and set a $29.00 price objective for the company in a report on Wednesday, June 26th. Morgan Stanley raised their target price on shares of Robinhood Markets from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Barclays lifted their target price on Robinhood Markets from $20.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Robinhood Markets in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Robinhood Markets has an average rating of "Hold" and an average target price of $24.97.

Insiders Place Their Bets

In other news, Director Baiju Bhatt sold 98,404 shares of the firm's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $26.40, for a total value of $2,597,865.60. Following the transaction, the director now directly owns 2,521 shares in the company, valued at $66,554.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Meyer Malka sold 3,225,806 shares of the business's stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $25.07, for a total transaction of $80,870,956.42. Following the completion of the transaction, the director now owns 29,357,336 shares in the company, valued at approximately $735,988,413.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Baiju Bhatt sold 98,404 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $26.40, for a total transaction of $2,597,865.60. Following the completion of the sale, the director now owns 2,521 shares in the company, valued at approximately $66,554.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,639,654 shares of company stock valued at $110,241,632. Company insiders own 19.95% 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), 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.