Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $26.10 Average PT from Analysts

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) have been assigned a consensus recommendation of "Hold" from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $26.10.

A number of brokerages have recently commented on HOOD. Morgan Stanley upped their price objective on shares of Robinhood Markets from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Citigroup lifted their price objective on Robinhood Markets from $19.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, September 27th. Needham & Company LLC restated a "hold" rating on shares of Robinhood Markets in a research note on Thursday, October 31st. KeyCorp raised their target price on Robinhood Markets from $25.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, JMP Securities boosted their price target on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a "market outperform" rating in a report on Tuesday, November 12th.

Robinhood Markets Trading Up 0.3 %

Robinhood Markets stock traded up $0.10 during trading hours on Friday, reaching $32.32. 17,537,523 shares of the company were exchanged, compared to its average volume of 20,644,324. Robinhood Markets has a 12 month low of $7.91 and a 12 month high of $34.32. The firm has a market cap of $28.57 billion, a price-to-earnings ratio of 54.78, a PEG ratio of 0.77 and a beta of 1.84. The stock has a 50-day moving average of $25.47 and a 200 day moving average of $22.37.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $637.00 million during 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 business's revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.09) EPS. As a group, research analysts forecast that Robinhood Markets will post 0.72 EPS for the current year.

Insider Transactions at Robinhood Markets

In other news, CFO Jason Warnick sold 25,000 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $20.96, for a total transaction of $524,000.00. Following the completion of the sale, the chief financial officer now owns 1,077,162 shares in the company, valued at $22,577,315.52. The trade was a 2.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vladimir Tenev sold 250,000 shares of the firm's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $19.26, for a total value of $4,815,000.00. The disclosure for this sale can be found here. Insiders have sold 4,710,549 shares of company stock valued at $115,477,194 in the last three months. 19.95% of the stock is owned by corporate insiders.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently bought and sold shares of HOOD. Geode Capital Management LLC grew its position in shares of Robinhood Markets by 19.5% during the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company's stock worth $271,708,000 after buying an additional 1,895,427 shares during the period. Public Employees Retirement System of Ohio increased its stake in Robinhood Markets by 15.5% in the third quarter. Public Employees Retirement System of Ohio now owns 303,629 shares of the company's stock valued at $7,111,000 after purchasing an additional 40,647 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Robinhood Markets by 12.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 154,100 shares of the company's stock worth $3,609,000 after purchasing an additional 17,200 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Robinhood Markets during the third quarter worth $1,965,000. Finally, MML Investors Services LLC grew its holdings in shares of Robinhood Markets by 58.0% in the 3rd quarter. MML Investors Services LLC now owns 51,839 shares of the company's stock valued at $1,214,000 after buying an additional 19,027 shares during the period. 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.