Robinhood Markets (NASDAQ:HOOD) Price Target Increased to $23.00 by Analysts at KeyCorp

Robinhood Markets (NASDAQ:HOODGet Free Report) had its price objective raised by equities researchers at KeyCorp from $22.00 to $23.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 38.30% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Mizuho lifted their price objective on Robinhood Markets from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Morgan Stanley lifted their price target on Robinhood Markets from $11.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Piper Sandler increased their price objective on shares of Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. The Goldman Sachs Group lifted their target price on shares of Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods started coverage on shares of Robinhood Markets in a report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.88.

View Our Latest Research Report on HOOD

Robinhood Markets Trading Down 2.6 %

HOOD opened at $16.63 on Monday. The company has a market cap of $14.54 billion, a price-to-earnings ratio of -27.72 and a beta of 1.68. The stock has a fifty day simple moving average of $16.93 and a two-hundred day simple moving average of $12.70. Robinhood Markets has a 12-month low of $7.91 and a 12-month high of $20.55.

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

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $10.61, for a total transaction of $2,652,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Robinhood Markets news, CFO Jason Warnick sold 5,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $12.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief financial officer now owns 916,267 shares of the company’s stock, valued at $10,995,204. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $10.61, for a total value of $2,652,500.00. The disclosure for this sale can be found here. Insiders have sold 2,212,150 shares of company stock worth $33,495,819 in the last quarter. Company insiders own 20.81% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOOD. Allspring Global Investments Holdings LLC purchased a new position in Robinhood Markets during the first quarter valued at approximately $34,000. Diversified Trust Co purchased a new position in shares of Robinhood Markets during the 1st quarter valued at $278,000. SteelPeak Wealth LLC boosted its holdings in Robinhood Markets by 92.6% in the 1st quarter. SteelPeak Wealth LLC now owns 21,340 shares of the company’s stock worth $430,000 after buying an additional 10,258 shares during the period. Toth Financial Advisory Corp purchased a new stake in Robinhood Markets in the 1st quarter worth $612,000. Finally, Atlas Capital Advisors LLC raised its holdings in Robinhood Markets by 1,894.6% during the first quarter. Atlas Capital Advisors LLC now owns 28,682 shares of the company’s stock valued at $577,000 after acquiring an additional 27,244 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

About Robinhood Markets

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Robinhood Markets (NASDAQ:HOOD)

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