Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $39.20 Consensus Price Target from Brokerages

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $42.13.

Several brokerages recently weighed in on HOOD. Sanford C. Bernstein lifted their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Citigroup increased their price objective on Robinhood Markets from $25.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday. Keefe, Bruyette & Woods lifted their target price on Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. KeyCorp increased their price target on Robinhood Markets from $30.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, JMP Securities lifted their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 12th.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $40.45, for a total transaction of $4,045,000.00. Following the sale, the insider now owns 731,642 shares in the company, valued at approximately $29,594,918.90. The trade was a 12.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $42.64, for a total transaction of $250,552.64. Following the completion of the transaction, the chief technology officer now owns 5,876 shares of the company’s stock, valued at approximately $250,552.64. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,708,196 shares of company stock worth $138,845,043 in the last ninety days. 19.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds have recently made changes to their positions in the company. HM Payson & Co. raised its stake 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 during the period. Eastern Bank acquired a new position in Robinhood Markets during the third quarter valued at $30,000. True Wealth Design LLC purchased a new stake in Robinhood Markets in the 3rd quarter worth about $30,000. ORG Wealth Partners LLC purchased a new stake in Robinhood Markets in the 3rd quarter worth about $33,000. Finally, Connective Portfolio Management LLC acquired a new stake in Robinhood Markets during the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Down 1.8 %

Shares of NASDAQ HOOD opened at $40.08 on Monday. The stock has a market capitalization of $35.43 billion, a P/E ratio of 67.93, a P/E/G ratio of 0.81 and a beta of 2.07. The firm’s 50-day moving average price is $36.99 and its two-hundred day moving average price is $27.42. Robinhood Markets has a 52-week low of $10.38 and a 52-week high of $43.83.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. 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 company earned ($0.09) earnings per share. As a group, equities research analysts expect that Robinhood Markets will post 0.8 earnings per share for the current 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.