Shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) shot up 0.9% during trading on Monday . The company traded as high as $63.14 and last traded at $62.29. 13,101,065 shares were traded during trading, a decline of 50% from the average session volume of 26,242,244 shares. The stock had previously closed at $61.76.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Barclays decreased their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. raised their price objective on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Compass Point initiated coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They set a "buy" rating and a $61.00 price objective on the stock. JMP Securities reissued a "market outperform" rating and set a $70.00 target price on shares of Robinhood Markets in a research note on Thursday, May 1st. Finally, Morgan Stanley raised their target price on Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus target price of $55.41.
View Our Latest Research Report on HOOD
Robinhood Markets Stock Performance
The company has a market capitalization of $55.93 billion, a PE ratio of 40.24, a P/E/G ratio of 1.05 and a beta of 2.15. The stock has a 50 day moving average price of $47.30 and a two-hundred day moving average price of $44.63.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The company's quarterly revenue was up 50.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. Sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.
Insider Activity
In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $64.46, for a total transaction of $26,966,067.48. Following the transaction, the director now directly owns 7,863 shares of the company's stock, valued at $506,848.98. This represents a 98.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,192,688 shares of company stock worth $107,043,646. 14.47% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Robinhood Markets
A number of large investors have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC lifted its stake in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after buying an additional 508 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets in the 4th quarter worth $26,000. Hemington Wealth Management raised its holdings in Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after acquiring an additional 218 shares during the period. Wayfinding Financial LLC acquired a new position in Robinhood Markets during the 1st quarter worth $30,000. Finally, CoreCap Advisors LLC boosted its holdings in Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after acquiring an additional 550 shares during the period. Institutional investors own 93.27% of the company's stock.
Robinhood Markets Company Profile
(
Get Free Report)
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.
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