Robinhood Markets (NASDAQ:HOOD) Trading Down 0.8% – What’s Next?

Robinhood Markets, Inc. (NASDAQ:HOOD) traded down 0.8% during trading on Monday . The stock traded as low as $48.08 and last traded at $51.51. 9,409,476 shares were traded during mid-day trading, a decline of 54% from the average session volume of 20,477,293 shares. The stock had previously closed at $51.95.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays lifted their target price on shares of Robinhood Markets from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 5th. KeyCorp lifted their price target on shares of Robinhood Markets from $50.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, Citigroup boosted their target price on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $43.73.

Robinhood Markets Stock Performance

The stock has a market cap of $45.88 billion, a PE ratio of 87.97, a price-to-earnings-growth ratio of 0.70 and a beta of 2.13. The company’s 50-day moving average price is $41.88 and its 200 day moving average price is $30.18.

Insider Activity

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Baiju Bhatt sold 108,964 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total value of $2,715,382.88. Following the completion of the transaction, the director now owns 2,521 shares of the company’s stock, valued at $62,823.32. The trade was a 97.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,047,400 shares of company stock valued at $164,578,352 in the last quarter. 19.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HOOD. New Wave Wealth Advisors LLC purchased a new stake in Robinhood Markets during the 4th quarter valued at $26,000. HM Payson & Co. increased its stake in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares during the period. Eastern Bank purchased a new stake in Robinhood Markets in the third quarter worth $30,000. True Wealth Design LLC purchased a new position in shares of Robinhood Markets during the third quarter valued at $30,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Robinhood Markets during the third quarter valued at $33,000. 93.27% of the stock is currently owned by institutional investors.

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.