Robinhood Markets (HOOD) to Release Earnings on Thursday

Robinhood Markets (NASDAQ:HOOD – Get Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, April 28th. Analysts expect Robinhood Markets to post earnings of ($0.28) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Robinhood Markets (NASDAQ:HOOD – Get Rating) last issued its quarterly earnings data on Thursday, January 27th. The company reported ($0.49) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.15). Robinhood Markets had a negative return on equity of 112.72% and a negative net margin of 203.09%. The firm had revenue of $362.70 million during the quarter, compared to the consensus estimate of $366.64 million. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, analysts expect Robinhood Markets to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of HOOD opened at $10.71 on Thursday. Robinhood Markets has a one year low of $9.93 and a one year high of $85.00. The business has a fifty day moving average of $12.29 and a 200 day moving average of $20.91.

In other news, CEO Vladimir Tenev sold 113,484 shares of the company’s stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $14.09, for a total transaction of $1,598,989.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott D. Sandell sold 2,082 shares of the company’s stock in a transaction that occurred on Monday, January 31st. The shares were sold at an average price of $14.22, for a total value of $29,606.04. The disclosure for this sale can be found here. Insiders have sold 320,352 shares of company stock worth $4,324,842 over the last three months.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $4,091,000. Parametric Portfolio Associates LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $4,050,000. JPMorgan Chase & Co. grew its stake in Robinhood Markets by 2,500.4% in the fourth quarter. JPMorgan Chase & Co. now owns 181,141 shares of the company’s stock worth $3,217,000 after purchasing an additional 174,175 shares in the last quarter. Deutsche Bank AG bought a new position in Robinhood Markets in the fourth quarter worth approximately $2,805,000. Finally, LPL Financial LLC grew its stake in Robinhood Markets by 36.7% in the fourth quarter. LPL Financial LLC now owns 77,645 shares of the company’s stock worth $1,379,000 after purchasing an additional 20,838 shares in the last quarter. 51.54% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on HOOD. Bank of America cut their price target on Robinhood Markets from $22.00 to $13.00 and set an “underperform” rating for the company in a report on Monday, January 31st. JMP Securities lowered their price objective on Robinhood Markets from $45.00 to $41.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 7th. Rosenblatt Securities lowered their price objective on Robinhood Markets from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, January 28th. KeyCorp lowered their price objective on Robinhood Markets from $50.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, January 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Robinhood Markets from $14.00 to $11.00 in a research report on Thursday, April 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.83.

About Robinhood Markets (Get Rating)

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.

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