Robinhood Markets, Inc. (NASDAQ:HOOD) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) have received a consensus rating of "Moderate Buy" from the fifteen ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $38.13.

A number of research firms have weighed in on HOOD. Deutsche Bank Aktiengesellschaft upped their target price on Robinhood Markets from $36.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Citigroup upped their price objective on Robinhood Markets from $19.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, September 27th. Morgan Stanley raised Robinhood Markets from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $24.00 to $55.00 in a report on Monday, November 25th. KeyCorp upped their price target on shares of Robinhood Markets from $30.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Robinhood Markets from $17.00 to $21.00 and gave the stock an "underweight" rating in a report on Thursday, October 17th.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD traded up $1.49 during midday trading on Thursday, reaching $39.33. 26,207,698 shares of the company traded hands, compared to its average volume of 16,810,338. The company has a market cap of $34.77 billion, a price-to-earnings ratio of 66.66, a PEG ratio of 0.93 and a beta of 2.08. The stock has a 50-day moving average price of $31.35 and a 200 day moving average price of $24.85. Robinhood Markets has a 52 week low of $10.38 and a 52 week high of $42.76.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm's quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) earnings per share. As a group, analysts expect that Robinhood Markets will post 0.77 EPS for the current year.

Insider Activity

In related news, insider Daniel Martin Gallagher, Jr. sold 23,293 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $23.42, for a total transaction of $545,522.06. Following the transaction, the insider now directly owns 1,070,000 shares of the company's stock, valued at approximately $25,059,400. The trade was a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Meyer Malka sold 3,225,806 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $25.07, for a total transaction of $80,870,956.42. Following the completion of the sale, the director now owns 29,357,336 shares of the company's stock, valued at approximately $735,988,413.52. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,851,175 shares of company stock worth $169,980,708. 19.95% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HOOD. Diversified Trust Co lifted its stake in Robinhood Markets by 180.3% in the second quarter. Diversified Trust Co now owns 38,744 shares of the company's stock valued at $880,000 after acquiring an additional 24,923 shares during the last quarter. ORG Partners LLC bought a new stake in Robinhood Markets in the second quarter worth $33,000. Baader Bank Aktiengesellschaft acquired a new position in Robinhood Markets during the second quarter worth $292,000. Swedbank AB bought a new position in Robinhood Markets during the second quarter valued at about $5,172,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Robinhood Markets by 3,335.2% in the second quarter. Assenagon Asset Management S.A. now owns 627,951 shares of the company's stock worth $14,261,000 after buying an additional 609,671 shares during the last quarter. Hedge funds and other institutional investors own 93.27% 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.