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

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have been assigned an average rating of “Moderate Buy” from the twenty-six analysts that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $120.5217.

A number of equities analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Mizuho boosted their target price on shares of Robinhood Markets from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. BTIG Research reissued a “buy” rating and set a $125.00 price target on shares of Robinhood Markets in a research report on Thursday, July 30th. Loop Capital set a $105.00 price objective on shares of Robinhood Markets in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $94.52 on Tuesday. The firm has a market capitalization of $84.98 billion, a price-to-earnings ratio of 41.64, a PEG ratio of 1.83 and a beta of 2.35. The business has a 50 day simple moving average of $99.25 and a 200-day simple moving average of $86.58. Robinhood Markets has a 1 year low of $63.51 and a 1 year high of $153.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.18. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. Equities analysts forecast that Robinhood Markets will post 2.02 EPS for the current year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $90.42, for a total value of $904,200.00. Following the sale, the insider owned 461,396 shares in the company, valued at approximately $41,719,426.32. This represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Johnson Treseder sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $117.50, for a total value of $440,625.00. Following the completion of the sale, the director directly owned 72,442 shares in the company, valued at approximately $8,511,935. The trade was a 4.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have bought 680,000 shares of company stock worth $55,306,560 and have sold 631,263 shares worth $66,929,157. 13.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC raised its stake in shares of Robinhood Markets by 152.6% in the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after acquiring an additional 145 shares during the period. CYBER HORNET ETFs LLC raised its holdings in shares of Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the period. Elyxium Wealth LLC acquired a new position in Robinhood Markets during the 4th quarter worth about $27,000. MV Capital Management Inc. acquired a new position in Robinhood Markets in the 4th quarter valued at about $27,000. Finally, Swiss RE Ltd. acquired a new position in Robinhood Markets in the 4th quarter valued at about $27,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.