Robinhood Markets (NASDAQ:HOOD) Given New $65.00 Price Target at Mizuho

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its target price upped by stock analysts at Mizuho from $60.00 to $65.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price target points to a potential upside of 15.48% from the company's previous close.

Several other equities research analysts have also recently commented on HOOD. KeyCorp boosted their price target on shares of Robinhood Markets from $50.00 to $57.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. JMP Securities increased their price target on Robinhood Markets from $33.00 to $40.00 and gave the company a "market outperform" rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. The Goldman Sachs Group raised Robinhood Markets from a "neutral" rating to a "buy" rating and increased their price objective for the company from $40.00 to $46.00 in a report on Friday, December 6th. Finally, Barclays boosted their target price on shares of Robinhood Markets from $49.00 to $54.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and a consensus target price of $46.67.

Robinhood Markets Stock Up 0.8 %

Shares of HOOD stock traded up $0.43 during trading on Friday, reaching $56.29. The company's stock had a trading volume of 20,332,973 shares, compared to its average volume of 20,595,279. Robinhood Markets has a one year low of $11.43 and a one year high of $57.27. The business has a fifty day moving average price of $43.49 and a 200-day moving average price of $31.26. The company has a market cap of $49.75 billion, a price-to-earnings ratio of 95.40, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13.

Insiders Place Their Bets

In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction on Friday, December 20th. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92. Following the completion of the sale, the chief technology officer now owns 11,752 shares of the company's stock, valued at approximately $445,635.84. This trade represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Quirk sold 19,861 shares of the company's stock in a transaction dated Sunday, December 1st. The shares were sold at an average price of $37.54, for a total transaction of $745,581.94. Following the completion of the transaction, the insider now owns 395,166 shares in the company, valued at $14,834,531.64. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,857,561 shares of company stock worth $159,976,719 over the last three months. Insiders own 19.95% of the company's stock.

Institutional Investors Weigh In On Robinhood Markets

A number of large investors have recently added to or reduced their stakes in HOOD. Creative Financial Designs Inc. ADV raised its holdings in Robinhood Markets by 750.0% in the 4th 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 in the last quarter. Harbour Investments Inc. raised its stake in Robinhood Markets by 81.9% in the fourth quarter. Harbour Investments Inc. now owns 2,676 shares of the company's stock valued at $100,000 after purchasing an additional 1,205 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Robinhood Markets during the fourth quarter worth about $314,000. Natixis Advisors LLC grew its stake in Robinhood Markets by 9.7% during the fourth quarter. Natixis Advisors LLC now owns 37,261 shares of the company's stock worth $1,388,000 after buying an additional 3,281 shares in the last quarter. Finally, Poinciana Advisors Group LLC bought a new position in Robinhood Markets in the 4th quarter valued at about $212,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Company Profile

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.