Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $21.70 Average PT from Brokerages

Robinhood Markets, Inc. (NASDAQ:HOOD) has been assigned an average rating of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $22.30.

Several equities analysts recently weighed in on the company. KeyCorp raised their price objective on Robinhood Markets from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Wolfe Research raised Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Wednesday, June 26th. Keefe, Bruyette & Woods decreased their price objective on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a report on Thursday, August 8th. Finally, Mizuho upped their price target on shares of Robinhood Markets from $20.00 to $21.00 and gave the company a “buy” rating in a report on Monday, May 6th.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $22.80, for a total value of $285,000.00. Following the sale, the insider now directly owns 956,247 shares of the company’s stock, valued at approximately $21,802,431.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $16.05, for a total transaction of $4,012,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $22.80, for a total value of $285,000.00. Following the sale, the insider now directly owns 956,247 shares of the company’s stock, valued at approximately $21,802,431.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,231,246 shares of company stock worth $25,375,917. 19.95% of the stock is currently owned by insiders.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently modified their holdings of HOOD. Raymond James Financial Services Advisors Inc. lifted its position in Robinhood Markets by 23.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 20,587 shares of the company’s stock valued at $262,000 after buying an additional 3,940 shares in the last quarter. Arizona State Retirement System increased its holdings in Robinhood Markets by 1.9% in the 4th quarter. Arizona State Retirement System now owns 118,538 shares of the company’s stock valued at $1,510,000 after purchasing an additional 2,172 shares in the last quarter. International Assets Investment Management LLC raised its position in Robinhood Markets by 1,174.1% in the fourth quarter. International Assets Investment Management LLC now owns 7,326 shares of the company’s stock valued at $93,000 after purchasing an additional 6,751 shares during the period. DekaBank Deutsche Girozentrale raised its position in Robinhood Markets by 4.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 23,642 shares of the company’s stock valued at $310,000 after purchasing an additional 1,060 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Robinhood Markets by 33.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 177,159 shares of the company’s stock worth $2,257,000 after purchasing an additional 44,755 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $18.41 on Friday. Robinhood Markets has a 1-year low of $7.91 and a 1-year high of $24.88. The company has a market cap of $16.18 billion, a PE ratio of 122.73 and a beta of 1.83. The stock’s 50 day moving average price is $21.63 and its 200 day moving average price is $18.58.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The firm had revenue of $682.00 million for the quarter, compared to the consensus estimate of $640.39 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The firm’s revenue was up 40.3% on a year-over-year basis. On average, equities research analysts anticipate that Robinhood Markets will post 0.57 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.