Emerald Advisers LLC Invests $144,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

Emerald Advisers LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,867 shares of the company’s stock, valued at approximately $144,000.

A number of other institutional investors have also recently made changes to their positions in HOOD. New Wave Wealth Advisors LLC acquired a new position in shares of Robinhood Markets in the fourth quarter worth $26,000. True Wealth Design LLC purchased a new position in Robinhood Markets in the third quarter valued at $30,000. Creative Financial Designs Inc. ADV boosted its holdings in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares during the period. Silicon Valley Capital Partners acquired a new position in Robinhood Markets during the 4th quarter worth $37,000. Finally, Bogart Wealth LLC purchased a new stake in Robinhood Markets during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Trading Up 1.6 %

HOOD stock opened at $44.36 on Monday. The company has a market capitalization of $39.28 billion, a P/E ratio of 28.25, a PEG ratio of 1.05 and a beta of 2.14. The business has a 50 day simple moving average of $49.04 and a 200-day simple moving average of $37.41. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Needham & Company LLC boosted their price target on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Mizuho increased their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Finally, Raymond James initiated coverage on Robinhood Markets in a report on Wednesday, February 5th. They issued a “market perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.29.

Insider Buying and Selling

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the completion of the sale, the chief technology officer now directly owns 17,559 shares of the company’s stock, valued at $821,936.79. This trade represents a 25.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total transaction of $29,370,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,679,251 shares of company stock valued at $130,979,560 over the last quarter. 19.95% of the stock is currently owned by insiders.

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.