Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report)'s stock price traded up 8.7% during mid-day trading on Wednesday . The company traded as high as $47.22 and last traded at $45.75. 24,070,444 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 24,454,655 shares. The stock had previously closed at $42.09.
Wall Street Analyst Weigh In
HOOD has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $60.00 target price on shares of Robinhood Markets in a research note on Thursday, March 27th. Compass Point began coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They set a "buy" rating and a $61.00 target price on the stock. KeyCorp decreased their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Robinhood Markets from $39.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.88.
Read Our Latest Analysis on Robinhood Markets
Robinhood Markets Price Performance
The firm has a market cap of $43.52 billion, a PE ratio of 31.36, a P/E/G ratio of 1.05 and a beta of 2.17. The business's fifty day moving average is $43.71 and its 200-day moving average is $40.62.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) 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%. Analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.
Insider Buying and Selling at Robinhood Markets
In related news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $47.82, for a total transaction of $280,990.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 90,866 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $55.34, for a total transaction of $5,028,524.44. Following the completion of the transaction, the director now directly owns 5,042 shares of the company's stock, valued at approximately $279,024.28. This trade represents a 94.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,193,327 shares of company stock worth $107,903,039 over the last ninety days. 19.95% of the stock is currently owned by company insiders.
Institutional Trading of Robinhood Markets
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased 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 valued at $1,499,248,000 after buying an additional 26,107,934 shares during the period. Norges Bank bought a new stake in Robinhood Markets during the 4th quarter worth approximately $329,598,000. GQG Partners LLC purchased a new stake in Robinhood Markets in the 4th quarter worth approximately $302,325,000. Artisan Partners Limited Partnership purchased a new stake in Robinhood Markets in the 4th quarter worth approximately $152,949,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $193,202,000 after purchasing an additional 3,994,745 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.
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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