Robinhood Markets (NASDAQ:HOOD) Trading Down 5.6% – Should You Sell?

Robinhood Markets, Inc. (NASDAQ:HOOD)’s share price was down 5.6% during mid-day trading on Monday . The stock traded as low as $48.25 and last traded at $48.73. Approximately 16,540,505 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 25,212,328 shares. The stock had previously closed at $51.60.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Needham & Company LLC raised their target price on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Citigroup raised their price objective on Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Sanford C. Bernstein upped their target price on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. JMP Securities raised their price target on Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley lifted their price objective on Robinhood Markets from $64.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.53.

Robinhood Markets Stock Down 2.0 %

The company’s 50 day simple moving average is $47.42 and its two-hundred day simple moving average is $34.03. The company has a market capitalization of $44.72 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 1.05 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Transactions at Robinhood Markets

In other news, Director Meyer Malka sold 1,535,681 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total value of $61,596,164.91. Following the completion of the transaction, the director now directly owns 4,974,238 shares in the company, valued at $199,516,686.18. This trade represents a 23.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Baiju Bhatt sold 186,514 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $38.13, for a total value of $7,111,778.82. Following the completion of the sale, the director now owns 2,521 shares in the company, valued at approximately $96,125.73. This represents a 98.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,520,607 shares of company stock worth $200,784,430. Insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

Institutional investors and hedge funds have recently bought and sold shares of the business. New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets during the fourth quarter worth $26,000. HM Payson & Co. grew its position in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares during the period. Eastern Bank purchased a new position in shares of Robinhood Markets during the 3rd quarter valued at about $30,000. True Wealth Design LLC acquired a new position in shares of Robinhood Markets in the 3rd quarter valued at about $30,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the last quarter. 93.27% of the stock is currently 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.