Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $18.88 Average PT from Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.88.

Several research firms have weighed in on HOOD. Morgan Stanley upped their target price on Robinhood Markets from $11.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. KeyCorp increased their target price on Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. The Goldman Sachs Group raised their price objective on Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Barclays upped their price objective on shares of Robinhood Markets from $11.00 to $16.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Finally, Piper Sandler increased their price target on shares of Robinhood Markets from $12.50 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th.

Insiders Place Their Bets

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $10.61, for a total transaction of $132,625.00. Following the completion of the transaction, the insider now owns 738,291 shares in the company, valued at $7,833,267.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 738,291 shares of the company’s stock, valued at $7,833,267.51. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vladimir Tenev sold 25,049 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $17.04, for a total value of $426,834.96. Following the completion of the sale, the chief executive officer now owns 32,584 shares of the company’s stock, valued at approximately $555,231.36. The disclosure for this sale can be found here. Insiders have sold 2,413,026 shares of company stock valued at $37,007,017 over the last quarter. Insiders own 20.81% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently modified their holdings of the stock. RIA Advisory Group LLC acquired a new position in Robinhood Markets in the 1st quarter worth approximately $511,000. GSA Capital Partners LLP lifted its holdings in shares of Robinhood Markets by 19.1% during the 1st quarter. GSA Capital Partners LLP now owns 40,856 shares of the company’s stock valued at $822,000 after buying an additional 6,548 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Robinhood Markets in the first quarter worth approximately $569,000. Whittier Trust Co. raised its position in Robinhood Markets by 25.8% during the first quarter. Whittier Trust Co. now owns 5,828 shares of the company’s stock valued at $117,000 after acquiring an additional 1,194 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Robinhood Markets by 18.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 41,535 shares of the company’s stock valued at $836,000 after acquiring an additional 6,575 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $17.95 on Wednesday. The firm’s fifty day moving average is $17.63 and its two-hundred day moving average is $13.13. The firm has a market cap of $15.70 billion, a PE ratio of -29.92 and a beta of 1.74. Robinhood Markets has a one year low of $7.91 and a one year high of $20.55.

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

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.