Robinhood Markets, Inc. (NASDAQ:HOOD) Given Consensus Recommendation of “Hold” by Brokerages

Robinhood Markets, Inc. (NASDAQ:HOOD) has been given a consensus rating of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.96.

A number of analysts recently weighed in on HOOD shares. Mizuho raised their target price on shares of Robinhood Markets from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday. JMP Securities lifted their target price on Robinhood Markets from $25.00 to $28.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Robinhood Markets in a report on Monday. Sanford C. Bernstein began coverage on Robinhood Markets in a research report on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Barclays boosted their price objective on Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a report on Monday, April 8th.

Insider Activity

In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $17.83, for a total transaction of $222,875.00. Following the completion of the sale, the insider now directly owns 854,995 shares in the company, valued at $15,244,560.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $17.83, for a total value of $222,875.00. Following the transaction, the insider now owns 854,995 shares in the company, valued at $15,244,560.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Warnick sold 5,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $12.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief financial officer now owns 916,267 shares of the company’s stock, valued at $10,995,204. The disclosure for this sale can be found here. Insiders have sold a total of 2,163,026 shares of company stock worth $34,444,767 in the last ninety days. Corporate insiders own 20.81% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management bought a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $26,000. Peoples Bank KS bought a new position in shares of Robinhood Markets during the 3rd quarter valued at about $29,000. PNC Financial Services Group Inc. increased its holdings in Robinhood Markets by 46.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in Robinhood Markets in the 3rd quarter valued at approximately $30,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Robinhood Markets in the first quarter worth $34,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Stock Performance

HOOD opened at $17.99 on Wednesday. The company has a market capitalization of $15.73 billion, a PE ratio of -29.98 and a beta of 1.74. The stock’s fifty day moving average is $17.75 and its 200-day moving average is $13.31. Robinhood Markets has a one year low of $7.91 and a one year high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The firm had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $454.73 million. During the same period in the previous year, the business earned ($0.19) earnings per share. Robinhood Markets’s revenue for the quarter was up 23.9% compared to the same quarter last year. On average, equities research analysts forecast that Robinhood Markets will post 0.29 EPS for the current fiscal year.

About Robinhood Markets

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.