Robinhood Markets (NASDAQ:HOOD) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Robinhood Markets (NASDAQ:HOOD) released its quarterly earnings data on Wednesday. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13, Zacks reports. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%.

Robinhood Markets Stock Performance

HOOD opened at $63.80 on Friday. The firm has a 50 day moving average price of $44.98 and a 200 day moving average price of $32.13. The company has a market cap of $56.40 billion, a PE ratio of 108.14, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13. Robinhood Markets has a 1 year low of $12.77 and a 1 year high of $66.91.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HOOD shares. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. KeyCorp boosted their target price on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley boosted their target price on shares of Robinhood Markets from $64.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, Mizuho boosted their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus price target of $58.07.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total value of $1,290,000.00. Following the completion of the transaction, the insider now owns 706,642 shares in the company, valued at $36,462,727.20. This represents a 3.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 90,866 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44. Following the completion of the transaction, the director now owns 5,042 shares of the company’s stock, valued at approximately $279,024.28. This represents a 94.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,948,427 shares of company stock valued at $165,005,244. 19.95% of the stock is currently owned by corporate insiders.

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.