Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $21.00 at Mizuho

Robinhood Markets (NASDAQ:HOOD) had its price target hoisted by Mizuho from $20.00 to $21.00 in a research report released on Monday, Benzinga reports. Mizuho currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. KeyCorp increased their target price on shares of Robinhood Markets from $22.00 to $23.00 and gave the stock an overweight rating in a report on Monday, April 22nd. Sanford C. Bernstein started coverage on shares of Robinhood Markets in a research report on Thursday, March 14th. They set an outperform rating and a $30.00 price objective on the stock. Citigroup downgraded shares of Robinhood Markets from a neutral rating to a sell rating and upped their target price for the stock from $13.00 to $16.00 in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price target on Robinhood Markets from $12.00 to $16.00 and gave the company a hold rating in a report on Tuesday, March 19th. Finally, TheStreet raised Robinhood Markets from a d+ rating to a c- rating in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $18.96.

Robinhood Markets Trading Down 0.8 %

Shares of HOOD stock opened at $17.85 on Monday. The company has a 50 day simple moving average of $17.82 and a two-hundred day simple moving average of $13.40. The stock has a market cap of $15.61 billion, a P/E ratio of -29.75 and a beta of 1.74. Robinhood Markets has a 12 month low of $7.91 and a 12 month high of $20.55.

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

Insider Activity

In other news, CEO Vladimir Tenev sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $15.12, for a total transaction of $7,560,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Vladimir Tenev sold 500,000 shares of Robinhood Markets stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.12, for a total transaction of $7,560,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Baiju Bhatt sold 188,077 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $13.57, for a total transaction of $2,552,204.89. Following the completion of the sale, the insider now directly owns 36,045 shares in the company, valued at $489,130.65. The disclosure for this sale can be found here. Insiders sold 2,413,026 shares of company stock valued at $38,927,267 in the last ninety days. Insiders own 20.81% of the company’s stock.

Institutional Trading of Robinhood Markets

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in Robinhood Markets by 15.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,419,817 shares of the company’s stock valued at $23,738,000 after buying an additional 325,506 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Robinhood Markets by 12.2% in the third quarter. California Public Employees Retirement System now owns 1,009,592 shares of the company’s stock valued at $9,904,000 after purchasing an additional 109,652 shares during the period. Seven Eight Capital LP bought a new position in Robinhood Markets in the third quarter worth approximately $131,000. Quantbot Technologies LP increased its holdings in Robinhood Markets by 583.1% during the 3rd quarter. Quantbot Technologies LP now owns 132,612 shares of the company’s stock worth $1,301,000 after purchasing an additional 113,199 shares during the period. Finally, Gulf International Bank UK Ltd bought a new stake in Robinhood Markets during the 4th quarter valued at $764,000. 93.27% of the stock is currently owned by institutional investors.

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.