Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) has been assigned an average rating of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.30.
A number of research analysts recently commented on HOOD shares. Wolfe Research upgraded shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research note on Wednesday, June 26th. Bank of America lifted their price target on Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of Robinhood Markets in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft increased their price objective on Robinhood Markets from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, June 20th. Finally, Citigroup raised shares of Robinhood Markets from a “sell” rating to a “neutral” rating and set a $18.00 price objective for the company in a report on Monday, August 5th.
Read Our Latest Analysis on Robinhood Markets
Insider Buying and Selling at Robinhood Markets
Hedge Funds Weigh In On Robinhood Markets
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Angeles Wealth Management LLC increased its holdings in Robinhood Markets by 5.3% in the first quarter. Angeles Wealth Management LLC now owns 12,207 shares of the company’s stock valued at $246,000 after purchasing an additional 610 shares during the period. GAMMA Investing LLC lifted its stake in shares of Robinhood Markets by 44.9% in the second quarter. GAMMA Investing LLC now owns 2,290 shares of the company’s stock worth $52,000 after acquiring an additional 710 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Robinhood Markets by 46.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after acquiring an additional 722 shares during the period. Commerce Bank boosted its holdings in Robinhood Markets by 7.9% in the fourth quarter. Commerce Bank now owns 12,459 shares of the company’s stock valued at $159,000 after acquiring an additional 917 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Robinhood Markets by 4.7% during the 4th 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. 93.27% of the stock is currently owned by institutional investors and hedge funds.
Robinhood Markets Trading Down 0.7 %
Shares of NASDAQ HOOD opened at $18.41 on Friday. The company has a market capitalization of $16.18 billion, a P/E ratio of 122.73 and a beta of 1.83. Robinhood Markets has a 12 month low of $7.91 and a 12 month high of $24.88. The stock has a 50 day moving average of $21.63 and a 200-day moving average of $18.58.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $682.00 million during the quarter, compared to the consensus estimate of $640.39 million. Robinhood Markets had a return on equity of 1.86% and a net margin of 6.22%. The company’s quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. Analysts predict that Robinhood Markets will post 0.57 EPS for the current fiscal year.
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.
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