Robinhood Markets (HOOD) to Release Earnings on Wednesday

Robinhood Markets (NASDAQ:HOOD) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Robinhood Markets (NASDAQ:HOOD) last announced its 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. The business had revenue of $471.00 million during the quarter, compared to analyst estimates of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.19) EPS. On average, analysts expect Robinhood Markets to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Robinhood Markets Price Performance

HOOD stock opened at $17.78 on Tuesday. Robinhood Markets has a 1 year low of $7.91 and a 1 year high of $20.55. The company has a market cap of $15.55 billion, a P/E ratio of -29.63 and a beta of 1.74. The stock’s fifty day moving average price is $17.70 and its 200-day moving average price is $13.24.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $15.12, for a total value of $7,560,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Vladimir Tenev sold 500,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.12, for a total transaction of $7,560,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Warnick sold 5,000 shares of Robinhood Markets stock in a transaction on Monday, April 1st. The shares were sold at an average price of $19.59, for a total transaction of $97,950.00. Following the completion of the sale, the chief financial officer now owns 1,002,407 shares in the company, valued at $19,637,153.13. The disclosure for this sale can be found here. Insiders have sold a total of 2,150,526 shares of company stock valued at $34,221,892 over the last ninety days. 20.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Sanford C. Bernstein initiated coverage on Robinhood Markets in a research report on Thursday, March 14th. They issued an “outperform” rating and a $30.00 target price on the stock. Piper Sandler raised their price objective on shares of Robinhood Markets from $12.50 to $17.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Robinhood Markets from $12.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, March 19th. Needham & Company LLC reiterated a “hold” rating on shares of Robinhood Markets in a research note on Monday. Finally, TheStreet upgraded Robinhood Markets from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.96.

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.