Clarius Group LLC Makes New Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Clarius Group LLC purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, Holdings Channel.com reports. The fund purchased 8,094 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds also recently modified their holdings of the business. Udine Wealth Management Inc. raised its position in Robinhood Markets by 70.2% during the 4th quarter. Udine Wealth Management Inc. now owns 78,447 shares of the company’s stock worth $2,923,000 after purchasing an additional 32,357 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Robinhood Markets during the fourth quarter worth about $668,000. Grant GrossMendelsohn LLC acquired a new position in shares of Robinhood Markets in the fourth quarter worth approximately $400,000. Avanza Fonder AB bought a new stake in Robinhood Markets in the fourth quarter valued at approximately $2,606,000. Finally, Hennessy Advisors Inc. acquired a new stake in Robinhood Markets during the 4th quarter valued at approximately $1,304,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Trading Up 4.5 %

HOOD opened at $48.15 on Monday. Robinhood Markets, Inc. has a 1-year low of $10.38 and a 1-year high of $49.27. The company has a market cap of $42.56 billion, a price-to-earnings ratio of 81.61, a PEG ratio of 0.58 and a beta of 2.07. The company’s fifty day moving average price is $38.63 and its two-hundred day moving average price is $28.25.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same quarter in the prior year, the company earned ($0.09) EPS. The company’s revenue was up 36.4% on a year-over-year basis. As a group, equities analysts forecast that Robinhood Markets, Inc. will post 0.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HOOD shares. JMP Securities boosted their price target on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 12th. Citigroup boosted their target price on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Piper Sandler increased their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Keefe, Bruyette & Woods boosted their price objective on Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. raised Robinhood Markets from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $43.00 in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.07.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 90,866 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $45.27, for a total value of $4,113,503.82. Following the transaction, the director now owns 5,042 shares in the company, valued at $228,251.34. The trade was a 94.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $24.21, for a total transaction of $6,052,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,700,658 shares of company stock valued at $140,360,682. 19.95% of the stock is owned by insiders.

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.