Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $107.88 Average Target Price from Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has received a consensus rating of “Moderate Buy” from the twenty-five research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $107.8750.

Several research analysts recently weighed in on the stock. Argus dropped their price objective on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Barclays dropped their price objective on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Citizens Jmp restated a “market outperform” rating and issued a $155.00 price objective on shares of Robinhood Markets in a research report on Wednesday, April 29th. Needham & Company LLC dropped their price objective on shares of Robinhood Markets from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Mizuho boosted their price objective on shares of Robinhood Markets from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th.

Insider Transactions at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $69.85, for a total value of $407,574.75. Following the completion of the transaction, the chief technology officer owned 18,006 shares in the company, valued at $1,257,719.10. The trade was a 24.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 8,540 shares of Robinhood Markets stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $84.93, for a total transaction of $725,302.20. Following the sale, the insider directly owned 53,183 shares of the company’s stock, valued at $4,516,832.19. This represents a 13.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 560,765 shares of company stock worth $40,946,840 over the last ninety days. 14.47% of the stock is currently owned by insiders.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently bought and sold shares of HOOD. Empowered Funds LLC grew its holdings in Robinhood Markets by 46.7% during the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after acquiring an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Robinhood Markets during the 2nd quarter worth $5,105,000. Federated Hermes Inc. grew its holdings in Robinhood Markets by 106.2% during the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock worth $5,988,000 after acquiring an additional 32,933 shares during the period. NewEdge Advisors LLC grew its holdings in Robinhood Markets by 19.1% during the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock worth $8,396,000 after acquiring an additional 14,356 shares during the period. Finally, Nebula Research & Development LLC acquired a new stake in Robinhood Markets during the 2nd quarter worth $1,316,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $73.64 on Thursday. Robinhood Markets has a 1 year low of $62.63 and a 1 year high of $153.86. The firm has a 50 day moving average of $76.06 and a 200-day moving average of $95.67. The stock has a market capitalization of $66.31 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.39 and a beta of 2.29.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm earned $0.37 EPS. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, analysts forecast that Robinhood Markets will post 1.95 EPS for the current fiscal year.

About Robinhood Markets

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.