Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report)'s stock price traded up 4% during mid-day trading on Thursday . The stock traded as high as $39.61 and last traded at $39.36. 15,146,450 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 16,761,748 shares. The stock had previously closed at $37.84.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on HOOD shares. KeyCorp lifted their target price on Robinhood Markets from $30.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Citigroup lifted their price objective on shares of Robinhood Markets from $19.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Morgan Stanley raised shares of Robinhood Markets from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $24.00 to $55.00 in a report on Monday, November 25th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $52.00 price target (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.13.
Get Our Latest Stock Analysis on HOOD
Robinhood Markets Price Performance
The company has a market cap of $35.09 billion, a P/E ratio of 64.14, a PEG ratio of 0.93 and a beta of 2.08. The stock has a 50-day moving average of $31.01 and a 200 day moving average of $24.74.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. Robinhood Markets's quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. Sell-side analysts predict that Robinhood Markets, Inc. will post 0.77 EPS for the current year.
Insider Activity
In other Robinhood Markets news, Director Baiju Bhatt sold 98,404 shares of the firm's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $26.40, for a total value of $2,597,865.60. Following the sale, the director now owns 2,521 shares in the company, valued at $66,554.40. This trade represents a 97.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 23,293 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $23.42, for a total transaction of $545,522.06. Following the transaction, the insider now owns 1,070,000 shares of the company's stock, valued at $25,059,400. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,851,175 shares of company stock worth $169,980,708. Insiders own 19.95% of the company's stock.
Institutional Investors Weigh In On Robinhood Markets
Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its position in Robinhood Markets by 31.3% in the third quarter. FMR LLC now owns 14,129,544 shares of the company's stock valued at $330,914,000 after purchasing an additional 3,368,118 shares during the last quarter. State Street Corp raised its holdings in Robinhood Markets by 8.7% in the 3rd quarter. State Street Corp now owns 13,558,321 shares of the company's stock valued at $317,536,000 after buying an additional 1,085,679 shares during the last quarter. Geode Capital Management LLC boosted its position in Robinhood Markets by 19.5% during the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company's stock worth $271,708,000 after buying an additional 1,895,427 shares during the period. Renaissance Technologies LLC grew its holdings in Robinhood Markets by 37.7% during the 2nd quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company's stock worth $173,770,000 after acquiring an additional 2,094,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Robinhood Markets by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,581,465 shares of the company's stock valued at $107,298,000 after acquiring an additional 1,137,677 shares during the period. 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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