Robinhood Markets (NASDAQ:HOOD) Stock Price Expected to Rise, Barclays Analyst Says

Robinhood Markets (NASDAQ:HOOD) had its price target increased by equities research analysts at Barclays from $23.00 to $26.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 8.47% from the stock’s current price.

Several other research firms have also recently issued reports on HOOD. Piper Sandler raised their target price on shares of Robinhood Markets from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Robinhood Markets from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. raised their target price on shares of Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Needham & Company LLC reissued a “hold” rating on shares of Robinhood Markets in a research report on Thursday. Finally, The Goldman Sachs Group lifted their price target on shares of Robinhood Markets from $22.50 to $25.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of “Hold” and a consensus price target of $25.17.

Robinhood Markets Trading Up 2.0 %

NASDAQ:HOOD opened at $23.97 on Thursday. The company has a market capitalization of $21.21 billion, a P/E ratio of 40.63 and a beta of 1.84. Robinhood Markets has a twelve month low of $7.91 and a twelve month high of $28.58. The firm has a 50-day moving average price of $23.44 and a two-hundred day moving average price of $21.40.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a return on equity of 7.61% and a net margin of 21.80%. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, equities research analysts predict that Robinhood Markets will post 0.74 earnings per share for the current year.

Insider Transactions at Robinhood Markets

In related news, Director Baiju Bhatt sold 98,404 shares of Robinhood Markets stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $26.40, for a total value of $2,597,865.60. Following the completion of the sale, the director now owns 2,521 shares in the company, valued at approximately $66,554.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Baiju Bhatt sold 98,404 shares of Robinhood Markets stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $26.40, for a total value of $2,597,865.60. Following the completion of the sale, the director now owns 2,521 shares in the company, valued at approximately $66,554.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Quirk sold 208,291 shares of Robinhood Markets stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $24.98, for a total transaction of $5,203,109.18. Following the completion of the sale, the insider now owns 346,020 shares of the company’s stock, valued at approximately $8,643,579.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,639,654 shares of company stock valued at $110,241,632. Corporate insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

Institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. grew its position in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 410 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Robinhood Markets by 46.5% during 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 last quarter. Eastern Bank bought a new position in shares of Robinhood Markets during the third quarter worth about $30,000. ORG Partners LLC bought a new position in shares of Robinhood Markets during the second quarter worth about $33,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Robinhood Markets during the third quarter worth about $33,000. Institutional investors own 93.27% of the company’s stock.

About Robinhood Markets

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.