Robinhood Markets, Inc. (NASDAQ:HOOD) Director Sells $2,622,118.38 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 121,226 shares of Robinhood Markets stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $21.63, for a total value of $2,622,118.38. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Baiju Bhatt also recently made the following trade(s):

• On Thursday, May 30th, Baiju Bhatt sold 116,669 shares of Robinhood Markets stock. The stock was sold at an average price of $22.02, for a total value of $2,569,051.38.
• On Wednesday, May 15th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $18.27, for a total value of $304,506.09.
• On Friday, May 10th, Baiju Bhatt sold 153,180 shares of Robinhood Markets stock. The stock was sold at an average price of $16.63, for a total value of $2,547,383.40.
• On Tuesday, April 23rd, Baiju Bhatt sold 154,160 shares of Robinhood Markets stock. The stock was sold at an average price of $17.61, for a total value of $2,714,757.60.
• On Thursday, April 18th, Baiju Bhatt sold 16,667 shares of Robinhood Markets stock. The stock was sold at an average price of $17.16, for a total value of $286,005.72.

Robinhood Markets Trading Up 0.8 %

Shares of HOOD opened at $22.31 on Thursday. The company has a market capitalization of $19.61 billion, a PE ratio of 148.73 and a beta of 1.83. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $24.28. The stock’s 50-day moving average price is $19.84 and its two-hundred day moving average price is $16.30.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.05 by $0.13. The firm had revenue of $618.00 million for the quarter, compared to the consensus estimate of $552.74 million. Robinhood Markets had a return on equity of 1.86% and a net margin of 6.22%. The business’s quarterly revenue was up 40.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.57) EPS. Equities research analysts predict that Robinhood Markets, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of recent research reports. Bank of America upgraded Robinhood Markets from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $24.00 in a research note on Friday, May 17th. Barclays lifted their price target on Robinhood Markets from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Thursday, May 9th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price target on shares of Robinhood Markets in a research note on Friday, June 7th. Piper Sandler lifted their price target on Robinhood Markets from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Finally, Citigroup lifted their price target on Robinhood Markets from $16.00 to $18.00 and gave the company a “sell” rating in a research note on Thursday, June 13th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Hold” and a consensus price target of $20.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Robinhood Markets in the 1st quarter valued at about $34,000. Spire Wealth Management acquired a new position in shares of Robinhood Markets in the 4th quarter valued at about $26,000. PNC Financial Services Group Inc. lifted its stake in shares of Robinhood Markets by 46.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares during the period. SageView Advisory Group LLC acquired a new position in shares of Robinhood Markets in the 1st quarter valued at about $84,000. Finally, Whittier Trust Co. lifted its stake in shares of Robinhood Markets by 100.0% in the 4th quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock valued at $59,000 after purchasing an additional 2,317 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Company Profile

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.