Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report)'s share price dropped 2.4% during mid-day trading on Monday . The stock traded as low as $40.14 and last traded at $40.19. Approximately 8,911,966 shares changed hands during trading, a decline of 77% from the average daily volume of 39,111,359 shares. The stock had previously closed at $41.18.
Analyst Ratings Changes
HOOD has been the subject of several recent research reports. Mizuho raised their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Citigroup lowered their price target on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. Needham & Company LLC lowered 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. Finally, Barclays lowered their price target on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $53.88.
Get Our Latest Stock Report on Robinhood Markets
Robinhood Markets Trading Up 7.2 %
The stock has a market cap of $42.39 billion, a price-to-earnings ratio of 30.52, a P/E/G ratio of 1.05 and a beta of 2.17. The firm's 50 day moving average is $44.05 and its two-hundred day moving average is $40.45.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.54 EPS 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, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.
Insiders Place Their Bets
In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $47.82, for a total transaction of $280,990.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,193,327 shares of company stock valued at $107,903,039 in the last ninety days. Corporate insiders own 19.95% of the company's stock.
Hedge Funds Weigh In On Robinhood Markets
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOOD. Whipplewood Advisors LLC boosted its stake in shares of Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after acquiring an additional 508 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Robinhood Markets during the 4th quarter worth about $26,000. CoreCap Advisors LLC lifted its position in shares of Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Robinhood Markets by 139.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock valued at $36,000 after purchasing an additional 498 shares in the last quarter. 93.27% of the stock is 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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