Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka Sells 64,951 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Meyer Malka sold 64,951 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $49.64, for a total transaction of $3,224,167.64. Following the transaction, the director now owns 3,235,585 shares in the company, valued at $160,614,439.40. The trade was a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Meyer Malka also recently made the following trade(s):

• On Wednesday, December 4th, Meyer Malka sold 1,535,681 shares of Robinhood Markets stock. The shares were sold at an average price of $40.11, for a total transaction of $61,596,164.91.

Robinhood Markets Stock Down 6.4 %

Shares of Robinhood Markets stock opened at $46.89 on Tuesday. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The business’s fifty day moving average is $48.53 and its two-hundred day moving average is $35.30. The firm has a market cap of $41.52 billion, a PE ratio of 29.87, a P/E/G ratio of 1.05 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently modified their holdings of HOOD. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Robinhood Markets during the fourth quarter worth approximately $4,886,000. Employees Retirement System of Texas purchased a new stake in shares of Robinhood Markets during the 4th quarter valued at $1,609,000. Windmill Hill Asset Management Ltd acquired a new stake in shares of Robinhood Markets during the 4th quarter worth $493,000. Ameriflex Group Inc. purchased a new position in shares of Robinhood Markets in the 4th quarter worth $48,000. Finally, GF Fund Management CO. LTD. acquired a new position in Robinhood Markets in the fourth quarter valued at $2,944,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HOOD. Mizuho raised their price objective on Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Raymond James started coverage on Robinhood Markets in a research report on Wednesday, February 5th. They issued a “market perform” rating for the company. Piper Sandler boosted their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Sanford C. Bernstein raised their target price on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, JMP Securities lifted their target price on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.53.

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.