Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) shot up 8.4% during mid-day trading on Monday . The stock traded as high as $48.99 and last traded at $48.08. 23,215,045 shares changed hands during trading, an increase of 10% from the average session volume of 21,111,482 shares. The stock had previously closed at $44.36.
Analysts Set New Price Targets
HOOD has been the subject of a number of research analyst reports. Wolfe Research downgraded shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. KeyCorp upped their price target on Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Piper Sandler upped their target price on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Finally, Raymond James began coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a "market perform" rating for the company. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.29.
Check Out Our Latest Stock Report on HOOD
Robinhood Markets Trading Down 1.0 %
The company has a fifty day moving average price of $49.33 and a two-hundred day moving average price of $37.87. The firm has a market cap of $39.21 billion, a P/E ratio of 28.20, a PEG ratio of 1.05 and a beta of 2.14.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.
Insider Buying and Selling
In related news, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $40.45, for a total value of $4,045,000.00. Following the sale, the insider now owns 731,642 shares in the company, valued at approximately $29,594,918.90. This represents a 12.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction dated 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 ninety days, insiders sold 2,955,655 shares of company stock valued at $143,072,448. Company insiders own 19.95% of the company's stock.
Institutional Trading of Robinhood Markets
A number of institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank lifted its position in Robinhood Markets by 31.1% during the third quarter. Toronto Dominion Bank now owns 68,408 shares of the company's stock worth $1,602,000 after purchasing an additional 16,219 shares during the period. IFP Advisors Inc increased its stake in Robinhood Markets by 601.1% in the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock valued at $164,000 after acquiring an additional 3,769 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at $634,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Robinhood Markets by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock worth $175,857,000 after acquiring an additional 138,267 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its position in Robinhood Markets by 20.7% during the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock worth $20,154,000 after purchasing an additional 92,613 shares in the last quarter. 93.27% of the stock is currently owned by 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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