Robinhood Markets, Inc. (NASDAQ:HOOD) Given Average Rating of “Hold” by Analysts

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have been assigned an average rating of “Hold” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $23.63.

HOOD has been the topic of a number of recent analyst reports. Bank of America boosted their target price on shares of Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Wolfe Research upgraded shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Robinhood Markets from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Monday. Citigroup boosted their target price on shares of Robinhood Markets from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Robinhood Markets from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $22.63 on Friday. The company has a market capitalization of $19.89 billion, a P/E ratio of 150.87 and a beta of 1.82. The company’s 50 day moving average price is $20.50 and its two-hundred day moving average price is $20.30. Robinhood Markets has a 52 week low of $7.91 and a 52 week high of $24.88.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. Robinhood Markets had a net margin of 12.96% and a return on equity of 4.25%. The business had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $640.39 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The firm’s revenue was up 40.3% on a year-over-year basis. Analysts forecast that Robinhood Markets will post 0.76 earnings per share for the current year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $22.50, for a total transaction of $5,625,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction on Friday, July 5th. The stock was sold at an average price of $22.50, for a total transaction of $5,625,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Warnick sold 25,000 shares of Robinhood Markets stock in a transaction on Monday, August 26th. The stock was sold at an average price of $20.96, for a total value of $524,000.00. Following the sale, the chief financial officer now owns 1,077,162 shares in the company, valued at $22,577,315.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,214,889 shares of company stock worth $23,864,315. Corporate insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in Robinhood Markets by 46.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after buying an additional 722 shares in the last quarter. ORG Partners LLC purchased a new position in Robinhood Markets during the 2nd quarter valued at about $33,000. Allspring Global Investments Holdings LLC purchased a new position in Robinhood Markets during the 1st quarter valued at about $34,000. International Assets Investment Management LLC purchased a new position in Robinhood Markets during the 2nd quarter valued at about $40,000. Finally, Opal Wealth Advisors LLC purchased a new position in Robinhood Markets during the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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.