Shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) were down 0.1% on Friday . The stock traded as low as $52.72 and last traded at $52.97. Approximately 4,174,021 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 20,568,123 shares. The stock had previously closed at $53.00.
Analyst Ratings Changes
Several equities analysts have commented on the company. The Goldman Sachs Group upgraded Robinhood Markets from a "neutral" rating to a "buy" rating and increased their price target for the company from $40.00 to $46.00 in a report on Friday, December 6th. Sanford C. Bernstein increased their price target on Robinhood Markets from $30.00 to $51.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. KeyCorp upped their price objective on Robinhood Markets from $50.00 to $57.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Barclays lifted their price target on shares of Robinhood Markets from $49.00 to $54.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price objective on Robinhood Markets from $24.00 to $38.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average price target of $43.73.
Check Out Our Latest Research Report on Robinhood Markets
Robinhood Markets Stock Performance
The stock has a market capitalization of $47.85 billion, a PE ratio of 91.64, a price-to-earnings-growth ratio of 0.70 and a beta of 2.13. The business's 50-day moving average is $42.49 and its two-hundred day moving average is $30.59.
Insider Activity
In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Meyer Malka sold 105,875 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.00, for a total value of $3,176,250.00. Following the completion of the transaction, the director now owns 28,930,243 shares in the company, valued at approximately $867,907,290. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,938,436 shares of company stock worth $161,862,969 over the last ninety days. 19.95% of the stock is currently owned by insiders.
Institutional Trading of Robinhood Markets
Hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Robinhood Markets by 31.3% in the third quarter. FMR LLC now owns 14,129,544 shares of the company's stock worth $330,914,000 after acquiring an additional 3,368,118 shares during the last quarter. State Street Corp increased its position in Robinhood Markets by 8.7% in the third quarter. State Street Corp now owns 13,558,321 shares of the company's stock worth $317,536,000 after purchasing an additional 1,085,679 shares during the period. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 1,895,427 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Robinhood Markets by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,581,465 shares of the company's stock worth $107,298,000 after acquiring an additional 1,137,677 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Robinhood Markets by 19.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,557,301 shares of the company's stock worth $179,463,000 after purchasing an additional 739,631 shares during the period. Institutional investors own 93.27% of the company's stock.
About Robinhood Markets
(
Get Free Report)
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.
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