Robinhood Markets (NASDAQ:HOOD - Free Report) had its target price upped by Piper Sandler from $54.00 to $75.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.
Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. raised Robinhood Markets from an "underweight" rating to a "neutral" rating and raised their price target for the company from $20.00 to $43.00 in a report on Tuesday, January 7th. Morgan Stanley boosted their price objective on Robinhood Markets from $64.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday. Raymond James began coverage on Robinhood Markets in a research note on Wednesday, February 5th. They set a "market perform" rating on the stock. Mizuho boosted their price target on Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Robinhood Markets from $36.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Robinhood Markets has a consensus rating of "Moderate Buy" and a consensus target price of $58.07.
Get Our Latest Stock Analysis on Robinhood Markets
Robinhood Markets Trading Up 2.3 %
Shares of Robinhood Markets stock traded up $1.48 during trading on Thursday, reaching $65.28. The stock had a trading volume of 39,248,779 shares, compared to its average volume of 19,924,428. The company has a market capitalization of $57.71 billion, a price-to-earnings ratio of 110.65, a P/E/G ratio of 0.73 and a beta of 2.13. The stock has a fifty day moving average price of $45.45 and a two-hundred day moving average price of $32.52. Robinhood Markets has a 52 week low of $13.04 and a 52 week high of $66.91.
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 the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. On average, equities analysts forecast that Robinhood Markets will post 0.97 EPS for the current fiscal year.
Insider Buying and Selling at Robinhood Markets
In related news, Director Meyer Malka sold 1,535,681 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total transaction of $61,596,164.91. Following the sale, the director now directly owns 4,974,238 shares of the company's stock, valued at approximately $199,516,686.18. This represents a 23.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the firm'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 transaction of $29,370,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,948,427 shares of company stock valued at $165,005,244. 19.95% of the stock is currently owned by corporate insiders.
Institutional Trading of Robinhood Markets
A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Robinhood Markets by 184.8% during the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after acquiring an additional 26,107,934 shares during the last quarter. Norges Bank purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $329,598,000. GQG Partners LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter valued at $302,325,000. Artisan Partners Limited Partnership purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $152,949,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Robinhood Markets by 335.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock worth $193,202,000 after acquiring an additional 3,994,745 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.
Robinhood Markets Company Profile
(
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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