Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $44.36, but opened at $46.40. Robinhood Markets shares last traded at $47.82, with a volume of 8,663,628 shares traded.
Analyst Upgrades and Downgrades
HOOD has been the topic of a number of analyst reports. Barclays boosted their price objective on Robinhood Markets from $54.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods upped their price target on Robinhood Markets from $38.00 to $60.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. KeyCorp raised their price objective on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on shares of Robinhood Markets from $39.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, Needham & Company LLC increased their target price on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.29.
View Our Latest Analysis on Robinhood Markets
Robinhood Markets Stock Down 1.7 %
The stock has a 50-day simple moving average of $49.29 and a two-hundred day simple moving average of $37.91. The firm has a market cap of $38.95 billion, a PE ratio of 28.02, a P/E/G 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 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.
Insiders Place Their Bets
In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 47,023 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $46.37, for a total transaction of $2,180,456.51. Following the completion of the transaction, the director now owns 5,042 shares in the company, valued at $233,797.54. This represents a 90.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,955,655 shares of company stock valued at $143,072,448. 19.95% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Robinhood Markets
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC raised its stake in shares of 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 acquiring an additional 171 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings 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 purchasing an additional 233 shares during the period. First Horizon Advisors Inc. raised its position in Robinhood Markets by 7.8% during the 4th quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock valued at $142,000 after purchasing an additional 277 shares during the last quarter. Commerce Bank lifted its holdings in Robinhood Markets by 3.3% in the 3rd quarter. Commerce Bank now owns 13,245 shares of the company's stock worth $310,000 after buying an additional 423 shares during the period. Finally, Spire Wealth Management grew its position in shares of Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock worth $40,000 after buying an additional 549 shares during the last quarter. 93.27% of the stock is currently owned by 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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