Wexford Capital LP Purchases Shares of 6,061 Robinhood Markets, Inc. (NASDAQ:HOOD)

Wexford Capital LP purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,061 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc boosted its position in Robinhood Markets by 601.1% during the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company’s stock valued at $164,000 after acquiring an additional 3,769 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Robinhood Markets by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company’s stock valued at $175,857,000 after purchasing an additional 138,267 shares during the period. Atomi Financial Group Inc. raised its holdings in shares of Robinhood Markets by 20.7% during the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock valued at $20,154,000 after purchasing an additional 92,613 shares during the period. Requisite Capital Management LLC acquired a new position in shares of Robinhood Markets during the fourth quarter valued at about $266,000. Finally, Aigen Investment Management LP raised its holdings in shares of Robinhood Markets by 161.2% during the fourth quarter. Aigen Investment Management LP now owns 85,868 shares of the company’s stock valued at $3,199,000 after purchasing an additional 52,988 shares during the period. Institutional investors own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HOOD shares. Needham & Company LLC upped their price objective on shares of Robinhood Markets from $58.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Cantor Fitzgerald lowered their target price on shares of Robinhood Markets from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Citigroup decreased their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Wolfe Research lowered shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $70.00 price objective on shares of Robinhood Markets in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.41.

Robinhood Markets Stock Up 4.1%

Shares of HOOD stock opened at $64.27 on Tuesday. The company has a 50 day moving average of $45.78 and a 200-day moving average of $44.07. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The firm has a market cap of $56.91 billion, a P/E ratio of 40.94, a PEG ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The company had revenue of $927.00 million for the quarter, compared to analysts’ expectations of $917.12 million. During the same quarter in the previous year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 50.0% on a year-over-year basis. As a group, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling

In related news, insider Steven M. Quirk sold 123,272 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $55.80, for a total value of $6,878,577.60. Following the completion of the transaction, the insider now directly owns 298,826 shares of the company’s stock, valued at approximately $16,674,490.80. This trade represents a 29.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03. Following the completion of the transaction, the chief technology officer now directly owns 5,853 shares of the company’s stock, valued at approximately $201,987.03. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,897,622 shares of company stock valued at $86,956,156. Company insiders own 14.47% of the company’s stock.

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.