Robinhood Markets (HOOD) Projected to Post Earnings on Wednesday

Robinhood Markets (NASDAQ:HOOD - Get Free Report) will likely be issuing its Q4 2024 quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $930.22 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. 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 Up 14.1 %

HOOD traded up $7.89 on Thursday, hitting $63.80. 77,872,737 shares of the company's stock were exchanged, compared to its average volume of 23,810,203. Robinhood Markets has a fifty-two week low of $12.77 and a fifty-two week high of $66.91. The firm has a 50-day moving average price of $44.98 and a 200-day moving average price of $32.13. The stock has a market cap of $56.40 billion, a price-to-earnings ratio of 108.14, a P/E/G ratio of 0.73 and a beta of 2.13.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HOOD shares. Barclays boosted their price target on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday. KeyCorp boosted their price target on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday. Mizuho boosted their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Morgan Stanley boosted their price target on shares of Robinhood Markets from $64.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Needham & Company LLC boosted their price target on shares of Robinhood Markets from $52.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.07.

Insider Buying and Selling

In other news, Director Baiju Bhatt sold 90,866 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44. Following the completion of the sale, the director now directly owns 5,042 shares of the company's stock, valued at approximately $279,024.28. This represents a 94.74 % 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 this hyperlink. Also, Director Meyer Malka sold 1,535,681 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total value of $61,596,164.91. Following the completion of the sale, the director now directly owns 4,974,238 shares of the company's stock, valued at $199,516,686.18. The trade was a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,948,427 shares of company stock worth $165,005,244. Company 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.