58,921 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by Strs Ohio

Strs Ohio purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 58,921 shares of the company’s stock, valued at approximately $750,000.

Several other hedge funds have also made changes to their positions in HOOD. Peoples Bank KS bought a new stake in Robinhood Markets during the 3rd quarter valued at $29,000. UniSuper Management Pty Ltd bought a new stake in Robinhood Markets during the 3rd quarter valued at $30,000. Whittier Trust Co. raised its stake in Robinhood Markets by 100.0% during the 4th quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock valued at $59,000 after acquiring an additional 2,317 shares in the last quarter. CWM LLC raised its stake in Robinhood Markets by 61.1% during the 3rd quarter. CWM LLC now owns 8,488 shares of the company’s stock valued at $83,000 after acquiring an additional 3,219 shares in the last quarter. Finally, Financial Connections Group Inc. bought a new stake in Robinhood Markets during the 4th quarter valued at $89,000. Institutional investors own 93.27% of the company’s stock.

Insider Activity

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction on Monday, February 5th. The stock was sold at an average price of $10.61, for a total transaction of $132,625.00. Following the transaction, the insider now owns 738,291 shares in the company, valued at $7,833,267.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Robinhood Markets news, CEO Vladimir Tenev sold 500,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.12, for a total value of $7,560,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $132,625.00. Following the transaction, the insider now owns 738,291 shares in the company, valued at $7,833,267.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,382,977 shares of company stock worth $36,496,582. 20.81% of the stock is owned by corporate insiders.

Robinhood Markets Stock Down 1.1 %

Shares of NASDAQ HOOD opened at $17.12 on Friday. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of -28.53 and a beta of 1.69. The stock’s fifty day simple moving average is $17.31 and its 200 day simple moving average is $12.87. Robinhood Markets, Inc. has a 52-week low of $7.91 and a 52-week high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The business had revenue of $471.00 million for the quarter, compared to the consensus estimate of $454.73 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. Robinhood Markets’s revenue for the quarter was up 23.9% compared to the same quarter last year. As a group, analysts anticipate that Robinhood Markets, Inc. will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

HOOD has been the topic of several recent analyst reports. Piper Sandler lifted their target price on Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. JMP Securities boosted their price objective on Robinhood Markets from $25.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Mizuho boosted their price objective on Robinhood Markets from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Barclays boosted their price objective on Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Finally, The Goldman Sachs Group boosted their price objective on Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Robinhood Markets currently has an average rating of “Hold” and a consensus target price of $18.88.

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.