Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $38.13 Average PT from Analysts

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have been assigned an average rating of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. One investment 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 twelve-month target price among analysts that have issued ratings on the stock in the last year is $38.13.

A number of equities research analysts have weighed in on the company. Piper Sandler raised their target price on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. KeyCorp increased their target price on shares of Robinhood Markets from $30.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Barclays raised shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $26.00 to $49.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Robinhood Markets from $17.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, October 17th.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $22.88, for a total value of $5,720,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 23,293 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $23.42, for a total value of $545,522.06. Following the transaction, the insider now owns 1,070,000 shares in the company, valued at $25,059,400. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,037,689 shares of company stock worth $177,092,487. Company insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Diversified Trust Co raised its holdings in shares of Robinhood Markets by 180.3% during the second quarter. Diversified Trust Co now owns 38,744 shares of the company’s stock valued at $880,000 after purchasing an additional 24,923 shares during the period. ORG Partners LLC acquired a new stake in Robinhood Markets in the second quarter valued at approximately $33,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Robinhood Markets during the second quarter valued at approximately $292,000. Swedbank AB acquired a new position in shares of Robinhood Markets during the second quarter worth approximately $5,172,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Robinhood Markets by 3,335.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 627,951 shares of the company’s stock worth $14,261,000 after purchasing an additional 609,671 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Stock Up 7.5 %

HOOD stock opened at $43.20 on Thursday. Robinhood Markets has a 52 week low of $10.38 and a 52 week high of $43.83. The business has a 50-day simple moving average of $32.10 and a 200 day simple moving average of $25.19. The company has a market cap of $38.19 billion, a PE ratio of 73.22, a price-to-earnings-growth ratio of 0.76 and a beta of 2.09.

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

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.