Robinhood Markets (NASDAQ:HOOD) Given Market Perform Rating at Keefe, Bruyette & Woods

Robinhood Markets (NASDAQ:HOOD)‘s stock had its “market perform” rating reissued by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Thursday,Benzinga reports. They currently have a $60.00 price objective on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 47.57% from the company’s current price.

Other analysts have also issued reports about the company. Piper Sandler boosted their price objective on Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft decreased their price target on Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. raised their price objective on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Barclays upped their target price on shares of Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Wolfe Research downgraded shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.82.

Robinhood Markets Price Performance

Shares of HOOD traded down $3.33 during trading hours on Thursday, hitting $40.66. The company’s stock had a trading volume of 12,185,403 shares, compared to its average volume of 21,506,137. The business has a 50 day simple moving average of $49.29 and a two-hundred day simple moving average of $37.91. Robinhood Markets has a 52-week low of $13.98 and a 52-week high of $66.91. The company has a market cap of $36.00 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Research analysts predict that Robinhood Markets will post 1.35 earnings per share for the current year.

Insider Activity at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total transaction of $273,978.93. Following the sale, the chief technology officer now owns 17,559 shares of the company’s stock, valued at $821,936.79. The trade was a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The disclosure for this sale can be found here. Insiders have sold 2,955,655 shares of company stock worth $143,072,448 over the last ninety days. 19.95% of the stock is owned by corporate insiders.

Institutional Trading of Robinhood Markets

A number of hedge funds have recently made changes to their positions in HOOD. Wellington Management Group LLP purchased a new position in Robinhood Markets during the fourth quarter valued at $588,000. Kilter Group LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at $240,000. Siemens Fonds Invest GmbH purchased a new position in shares of Robinhood Markets in the 4th quarter worth about $217,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Robinhood Markets in the 4th quarter worth about $4,886,000. Finally, Employees Retirement System of Texas purchased a new position in Robinhood Markets in the fourth quarter worth about $1,609,000. 93.27% of the stock is owned by institutional investors.

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.