Jeffrey Tsvi Pinner Sells 5,876 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CTO Jeffrey Tsvi Pinner sold 5,876 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92. Following the sale, the chief technology officer now owns 11,752 shares in the company, valued at approximately $445,635.84. This trade represents a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Robinhood Markets Stock Down 2.2 %

Shares of HOOD stock traded down $0.83 during mid-day trading on Monday, reaching $37.50. The company’s stock had a trading volume of 16,622,625 shares, compared to its average volume of 17,097,232. The firm has a market capitalization of $33.15 billion, a PE ratio of 63.56, a price-to-earnings-growth ratio of 0.76 and a beta of 2.09. The company’s 50 day simple moving average is $33.11 and its 200-day simple moving average is $25.68. Robinhood Markets, Inc. has a 12-month low of $10.38 and a 12-month high of $43.83.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period last year, the business earned ($0.09) earnings per share. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HM Payson & Co. grew its position in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares in the last quarter. Eastern Bank purchased a new stake in Robinhood Markets during the 3rd quarter worth $30,000. True Wealth Design LLC purchased a new position in Robinhood Markets in the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new position in Robinhood Markets in the 3rd quarter valued at about $33,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Robinhood Markets during the second quarter valued at about $40,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HOOD. Keefe, Bruyette & Woods raised their price objective on Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft raised their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. KeyCorp lifted their price target on Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Citigroup raised their target price on shares of Robinhood Markets from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Finally, JMP Securities boosted their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and a consensus target price of $39.20.

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.