Robinhood Markets, Inc. (NASDAQ:HOOD) Receives Average Rating of “Moderate Buy” from Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $38.13.

Several analysts recently issued reports on the stock. JMP Securities upped their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 12th. Piper Sandler raised their price target on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. boosted their price objective on Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Sanford C. Bernstein raised their target price on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Citigroup upped their price target on Robinhood Markets from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, September 27th.

Insider Buying and Selling

In other Robinhood Markets news, Director Baiju Bhatt sold 186,514 shares of Robinhood Markets stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the completion of the transaction, the director now directly owns 2,521 shares of the company’s stock, valued at approximately $96,125.73. This trade represents a 98.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 23,293 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $23.42, for a total transaction of $545,522.06. Following the completion of the sale, the insider now directly owns 1,070,000 shares in the company, valued at approximately $25,059,400. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,037,689 shares of company stock valued at $177,092,487 over the last quarter. Corporate insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HOOD. HM Payson & Co. increased its holdings in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 410 shares in the last quarter. Commerce Bank increased its stake in shares of Robinhood Markets by 3.3% in the third quarter. Commerce Bank now owns 13,245 shares of the company’s stock valued at $310,000 after buying an additional 423 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Robinhood Markets by 16.5% in the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock valued at $80,000 after buying an additional 487 shares during the last quarter. Castleview Partners LLC raised its holdings in shares of Robinhood Markets by 18.2% in the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after buying an additional 582 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in Robinhood Markets by 3.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company’s stock worth $463,000 after buying an additional 598 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Down 10.9 %

Robinhood Markets stock opened at $37.08 on Thursday. The company has a market capitalization of $32.78 billion, a P/E ratio of 62.85, a P/E/G ratio of 0.76 and a beta of 2.09. Robinhood Markets has a 1-year low of $10.38 and a 1-year high of $43.83. The firm’s fifty day simple moving average is $32.64 and its 200-day simple moving average is $25.42.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. During the same quarter last year, the company posted ($0.09) EPS. The business’s revenue was up 36.4% compared to the same quarter last year. On average, equities research analysts predict that Robinhood Markets will post 0.8 earnings per share for the current year.

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.