Brokerages Set Robinhood Markets, Inc. (NASDAQ:HOOD) Target Price at $118.00

Shares of Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $117.4167.

HOOD has been the topic of several research reports. Sanford C. Bernstein cut their price objective on shares of Robinhood Markets from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Piper Sandler cut their price objective on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. The Goldman Sachs Group lowered their price target on shares of Robinhood Markets from $102.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Jefferies Financial Group lowered their price target on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Loop Capital set a $130.00 price target on shares of Robinhood Markets in a research note on Monday, February 9th.

View Our Latest Research Report on Robinhood Markets

Robinhood Markets Stock Down 0.2%

Shares of NASDAQ HOOD opened at $69.65 on Wednesday. The company’s fifty day moving average is $77.13 and its 200-day moving average is $108.97. The stock has a market cap of $62.71 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 1.63 and a beta of 2.46. Robinhood Markets has a twelve month low of $33.08 and a twelve month high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm’s revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. On average, research analysts anticipate that Robinhood Markets will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $75.49, for a total value of $754,900.00. Following the sale, the insider directly owned 452,849 shares in the company, valued at approximately $34,185,571.01. The trade was a 2.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 52,540 shares of Robinhood Markets stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the completion of the sale, the insider owned 27,564 shares in the company, valued at $2,420,394.84. The trade was a 65.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 78,404 shares of company stock worth $6,869,400. Insiders own 14.47% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors increased its stake in Robinhood Markets by 18.5% in the 4th quarter. World Investment Advisors now owns 15,635 shares of the company’s stock valued at $1,768,000 after buying an additional 2,443 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new position in shares of Robinhood Markets during the 4th quarter worth about $57,000. Corient Private Wealth LLC increased its stake in shares of Robinhood Markets by 94.3% during the 4th quarter. Corient Private Wealth LLC now owns 93,449 shares of the company’s stock worth $10,588,000 after purchasing an additional 45,344 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Robinhood Markets by 9.8% during the 4th quarter. Hsbc Holdings PLC now owns 1,449,346 shares of the company’s stock worth $164,612,000 after purchasing an additional 129,095 shares during the last quarter. Finally, SHP Wealth Management acquired a new position in shares of Robinhood Markets during the 4th quarter worth about $32,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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Robinhood Markets Company Profile

(Get Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

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