Robinhood Markets, Inc. (NASDAQ:HOOD) Given Consensus Rating of “Moderate Buy” by Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.73.

Several research analysts have issued reports on the company. KeyCorp raised their target price on Robinhood Markets from $50.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. JMP Securities upped their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. Finally, Sanford C. Bernstein lifted their target price on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th.

Insider Transactions at Robinhood Markets

In related news, Director Meyer Malka sold 105,875 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the sale, the director now owns 28,930,243 shares of the company’s stock, valued at $867,907,290. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Baiju Bhatt sold 186,514 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the transaction, the director now owns 2,521 shares of the company’s stock, valued at $96,125.73. This trade represents a 98.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,938,436 shares of company stock valued at $161,862,969. 19.95% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors have recently modified their holdings of the stock. New Wave Wealth Advisors LLC purchased a new stake in Robinhood Markets in the 4th quarter worth about $26,000. Silicon Valley Capital Partners bought a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $37,000. Bogart Wealth LLC purchased a new position in Robinhood Markets during the 4th quarter valued at $37,000. Spire Wealth Management grew its position in Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after acquiring an additional 549 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Robinhood Markets by 130.7% in the fourth quarter. Allworth Financial LP now owns 1,135 shares of the company’s stock worth $42,000 after purchasing an additional 643 shares during the period. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $52.58 on Friday. Robinhood Markets has a 1-year low of $10.51 and a 1-year high of $53.51. The stock has a market capitalization of $46.48 billion, a price-to-earnings ratio of 89.12, a PEG ratio of 0.70 and a beta of 2.13. The business’s fifty day moving average price is $42.49 and its 200-day moving average price is $30.59.

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.