Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) traded up 2.3% during trading on Monday . The company traded as high as $66.08 and last traded at $65.28. 39,248,779 shares traded hands during trading, an increase of 97% from the average session volume of 19,924,428 shares. The stock had previously closed at $63.80.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. 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. The Goldman Sachs Group upgraded Robinhood Markets from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Piper Sandler raised their target price on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Needham & Company LLC raised their target price on Robinhood Markets from $52.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $59.53.
Check Out Our Latest Research Report on Robinhood Markets
Robinhood Markets Stock Performance
The firm has a market cap of $49.56 billion, a PE ratio of 35.71, a PEG ratio of 1.13 and a beta of 2.13. The stock's 50 day simple moving average is $47.19 and its 200 day simple moving average is $33.56.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.96%. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.
Insider Activity
In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $37.92, for a total value 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 represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were 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 90 days, insiders sold 4,520,607 shares of company stock valued at $200,784,430. Corporate insiders own 19.95% of the company's stock.
Institutional Investors Weigh In On Robinhood Markets
Several institutional investors have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new stake in Robinhood Markets during the 4th quarter valued at $2,944,000. Gordian Capital Singapore Pte Ltd bought a new position in Robinhood Markets in the 4th quarter worth $182,000. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in Robinhood Markets in the 4th quarter worth $1,751,000. Castleark Management LLC bought a new position in Robinhood Markets in the 4th quarter worth $839,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in Robinhood Markets in the 4th quarter worth $287,000. Hedge funds and other institutional investors own 93.27% of the company's stock.
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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