Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $137.25 Consensus PT from Analysts

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have been assigned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $137.30.

A number of analysts have recently commented on the company. Citizens Jmp lifted their target price on Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, November 7th. Zacks Research raised Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Mizuho boosted their price objective on Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective on shares of Robinhood Markets in a report on Friday, December 5th. Finally, CICC Research initiated coverage on shares of Robinhood Markets in a research report on Monday, October 27th. They set an “outperform” rating and a $155.00 target price on the stock.

Insider Buying and Selling at Robinhood Markets

In related news, insider Steven M. Quirk sold 49,942 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total value of $6,549,893.30. Following the transaction, the insider owned 54,496 shares in the company, valued at $7,147,150.40. The trade was a 47.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Baiju Bhatt sold 1,330,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $128.47, for a total value of $170,865,100.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,686,763 shares of company stock valued at $475,848,059. Company insiders own 14.47% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HOOD. Valley National Advisers Inc. boosted its holdings in Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after buying an additional 99 shares during the period. Vision Financial Markets LLC boosted its stake in shares of Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after buying an additional 100 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Robinhood Markets in the third quarter valued at approximately $29,000. Finally, Guerra Advisors Inc acquired a new position in Robinhood Markets during the third quarter worth $30,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Trading Down 1.9%

Shares of Robinhood Markets stock opened at $118.13 on Monday. The company has a fifty day simple moving average of $127.79 and a 200-day simple moving average of $115.76. The stock has a market cap of $106.22 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 2.16 and a beta of 2.43. Robinhood Markets has a 12-month low of $29.66 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned $0.17 EPS. Robinhood Markets’s revenue for the quarter was up 100.0% compared to the same quarter last year. On average, analysts forecast that Robinhood Markets will post 1.35 earnings per share for the current fiscal year.

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.