Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) gapped down prior to trading on Thursday after an insider sold shares in the company. The stock had previously closed at $42.68, but opened at $37.97. Robinhood Markets shares last traded at $38.42, with a volume of 18,480,877 shares.
Specifically, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on HOOD shares. Compass Point started coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They set a "buy" rating and a $61.00 price target for the company. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a research report on Thursday, March 27th. Raymond James initiated coverage on Robinhood Markets in a research note on Wednesday, February 5th. They set a "market perform" rating on the stock. Needham & Company LLC dropped their price objective on Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, KeyCorp increased their target price on Robinhood Markets from $57.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $60.24.
Read Our Latest Stock Analysis on Robinhood Markets
Robinhood Markets Stock Down 9.8 %
The company's fifty day moving average is $48.49 and its two-hundred day moving average is $38.62. The stock has a market cap of $30.56 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.05 and a beta of 2.14.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.
Institutional Trading of Robinhood Markets
A number of institutional investors have recently bought and sold shares of HOOD. New Wave Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets during the 4th quarter worth about $26,000. CoreCap Advisors LLC lifted its position in Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after acquiring an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after acquiring an additional 750 shares during the last quarter. Colonial Trust Co SC acquired a new position in Robinhood Markets in the fourth quarter valued at $34,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Robinhood Markets by 139.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after purchasing an additional 498 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.
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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