Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) shares traded up 2% during trading on Monday . The stock traded as high as $45.09 and last traded at $44.56. 17,772,574 shares changed hands during trading, a decline of 25% from the average session volume of 23,813,825 shares. The stock had previously closed at $43.68.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on HOOD shares. Needham & Company LLC reduced their price target on Robinhood Markets from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Compass Point initiated coverage on shares of Robinhood Markets in a report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Barclays reduced their price objective on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.06.
Check Out Our Latest Analysis on Robinhood Markets
Robinhood Markets Price Performance
The company has a 50-day moving average of $45.22 and a two-hundred day moving average of $40.17. The stock has a market capitalization of $36.46 billion, a PE ratio of 26.23, a P/E/G ratio of 1.05 and a beta of 2.17.
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, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.
Insider Buying and Selling at Robinhood Markets
In related news, CEO Vladimir Tenev sold 500,000 shares of Robinhood Markets stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $50.77, for a total value of $25,385,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 522,180 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $62.70, for a total value of $32,740,686.00. Following the sale, the director now directly owns 5,042 shares of the company's stock, valued at approximately $316,133.40. This trade represents a 99.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,784,193 shares of company stock worth $137,892,219 in the last quarter. 19.95% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC raised its stake in shares of Robinhood Markets by 1.5% in the 4th 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 period. Dorsey & Whitney Trust CO LLC raised its position in Robinhood Markets by 2.4% in the fourth 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. Farther Finance Advisors LLC lifted its stake in shares of Robinhood Markets by 4.0% during the first quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock worth $290,000 after purchasing an additional 265 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Robinhood Markets by 7.8% during the fourth quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock worth $142,000 after purchasing an additional 277 shares in the last quarter. Finally, City State Bank boosted its position in shares of Robinhood Markets by 94.0% in the first quarter. City State Bank now owns 970 shares of the company's stock worth $40,000 after buying an additional 470 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.
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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