Robinhood Markets (NASDAQ:HOOD) Shares Down 0% - Should You Sell?

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) dropped 0% during trading on Friday . The company traded as low as $40.08 and last traded at $40.51. Approximately 15,458,340 shares traded hands during trading, a decline of 34% from the average daily volume of 23,596,731 shares. The stock had previously closed at $40.51.

Analyst Upgrades and Downgrades

HOOD has been the subject of several recent research reports. Raymond James initiated coverage on Robinhood Markets in a report on Wednesday, February 5th. They issued a "market perform" rating for the company. Piper Sandler raised their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on Robinhood Markets from $39.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Needham & Company LLC dropped their price objective on Robinhood Markets from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, JMP Securities decreased their price target on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $55.06.

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Robinhood Markets Price Performance

The firm's 50 day simple moving average is $46.25 and its two-hundred day simple moving average is $39.76. The firm has a market capitalization of $39.03 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, CEO Vladimir Tenev sold 500,000 shares of Robinhood Markets stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total transaction of $25,385,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $51.60, for a total transaction of $1,290,000.00. Following the completion of the transaction, the insider now directly owns 706,642 shares of the company's stock, valued at approximately $36,462,727.20. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,651,987 shares of company stock worth $132,806,233. 19.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. MetLife Investment Management LLC lifted its position in Robinhood Markets by 1.5% during the fourth quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after buying an additional 171 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in Robinhood Markets by 2.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock valued at $368,000 after acquiring an additional 233 shares during the period. Farther Finance Advisors LLC lifted its position in Robinhood Markets by 4.0% during the 1st quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock valued at $290,000 after acquiring an additional 265 shares during the period. First Horizon Advisors Inc. boosted its stake in Robinhood Markets by 7.8% during the fourth quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock worth $142,000 after acquiring an additional 277 shares in the last quarter. Finally, City State Bank grew its holdings in Robinhood Markets by 94.0% in the first quarter. City State Bank now owns 970 shares of the company's stock worth $40,000 after purchasing an additional 470 shares during the period. Hedge funds and other institutional investors 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.