Robinhood Markets (NASDAQ:HOOD) PT Lowered to $10.00 at Deutsche Bank Aktiengesellschaft

Robinhood Markets (NASDAQ:HOODGet Rating) had its price target cut by equities researchers at Deutsche Bank Aktiengesellschaft from $11.00 to $10.00 in a report issued on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential downside of 0.89% from the company’s previous close.

A number of other analysts also recently issued reports on HOOD. JMP Securities decreased their price objective on shares of Robinhood Markets from $45.00 to $41.00 and set a “market outperform” rating for the company in a report on Thursday, April 7th. The Goldman Sachs Group lowered shares of Robinhood Markets from a “neutral” rating to a “sell” rating and cut their price objective for the company from $15.00 to $13.00 in a research report on Friday, April 8th. Zacks Investment Research lowered shares of Robinhood Markets from a “buy” rating to a “hold” rating in a research report on Saturday, April 2nd. KeyCorp dropped their target price on shares of Robinhood Markets from $50.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, January 14th. Finally, Morgan Stanley began coverage on shares of Robinhood Markets in a research report on Wednesday, March 30th. They set an “equal weight” rating and a $15.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.46.

NASDAQ HOOD opened at $10.09 on Friday. Robinhood Markets has a 52-week low of $9.26 and a 52-week high of $85.00. The company has a 50-day simple moving average of $11.95 and a 200 day simple moving average of $19.59.

Robinhood Markets (NASDAQ:HOODGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.17). Robinhood Markets had a negative return on equity of 112.72% and a negative net margin of 203.09%. The company had revenue of $299.00 million for the quarter, compared to analysts’ expectations of $357.21 million. The business’s revenue was down 42.7% compared to the same quarter last year. On average, equities research analysts anticipate that Robinhood Markets will post -0.94 EPS for the current year.

In other Robinhood Markets news, insider Baiju Bhatt sold 113,479 shares of the firm’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $14.09, for a total transaction of $1,598,919.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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. Over the last quarter, insiders sold 320,352 shares of company stock valued at $4,324,842.

A number of hedge funds have recently added to or reduced their stakes in HOOD. NEA Management Company LLC bought a new position in Robinhood Markets in the 3rd quarter valued at approximately $3,148,358,000. Ribbit Capital GP II Ltd. purchased a new stake in Robinhood Markets during the 4th quarter valued at $470,317,000. Thrive Capital Management LLC purchased a new stake in Robinhood Markets during the 3rd quarter valued at $858,893,000. ARK Investment Management LLC raised its stake in Robinhood Markets by 141.5% during the 4th quarter. ARK Investment Management LLC now owns 23,847,924 shares of the company’s stock valued at $423,539,000 after buying an additional 13,971,123 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Robinhood Markets by 227.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,982,340 shares of the company’s stock valued at $266,086,000 after buying an additional 10,405,975 shares during the last quarter. 51.54% of the stock is currently owned by institutional investors and hedge funds.

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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