Robinhood Markets, Inc. (NASDAQ:HOOD) Director Scott D. Sandell Sells 8,792 Shares

Robinhood Markets, Inc. (NASDAQ:HOODGet Rating) Director Scott D. Sandell sold 8,792 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $8.41, for a total value of $73,940.72. The transaction was disclosed in a document filed with the SEC, which is available through this link.

NASDAQ:HOOD opened at $10.11 on Tuesday. Robinhood Markets, Inc. has a 1 year low of $7.71 and a 1 year high of $85.00. The stock has a market cap of $8.78 billion and a price-to-earnings ratio of -0.92. The business has a fifty day moving average of $11.56 and a 200-day moving average of $16.81.

Robinhood Markets (NASDAQ:HOODGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.17). Robinhood Markets had a negative return on equity of 33.63% and a negative net margin of 203.12%. The business had revenue of $299.00 million during the quarter, compared to the consensus estimate of $357.21 million. Robinhood Markets’s revenue for the quarter was down 42.7% compared to the same quarter last year. Equities analysts expect that Robinhood Markets, Inc. will post -1.33 EPS for the current fiscal year.

Several research firms recently issued reports on HOOD. Piper Sandler dropped their price target on Robinhood Markets from $13.00 to $11.00 in a research report on Friday, April 29th. Morgan Stanley began coverage on Robinhood Markets in a research report on Wednesday, March 30th. They set an “equal weight” rating and a $15.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Robinhood Markets from $11.00 to $10.00 in a research report on Friday, April 29th. Citigroup dropped their price target on Robinhood Markets from $51.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, January 31st. Finally, Wolfe Research dropped their target price on Robinhood Markets from $15.00 to $10.00 in a research report on Friday, April 29th. Three investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.83.

Large investors have recently added to or reduced their stakes in the company. NEA Management Company LLC bought a new position in Robinhood Markets during the third quarter valued at about $3,148,358,000. Vanguard Group Inc. grew its holdings in Robinhood Markets by 7,430.5% during the first quarter. Vanguard Group Inc. now owns 40,217,187 shares of the company’s stock worth $543,334,000 after acquiring an additional 39,683,128 shares during the period. ARK Investment Management LLC boosted its position in shares of Robinhood Markets by 27.3% during the 1st quarter. ARK Investment Management LLC now owns 30,353,313 shares of the company’s stock valued at $410,073,000 after purchasing an additional 6,505,389 shares in the last quarter. Ribbit Capital GP II Ltd. acquired a new position in shares of Robinhood Markets in the 4th quarter worth approximately $470,317,000. Finally, Nikko Asset Management Americas Inc. grew its stake in shares of Robinhood Markets by 58.0% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 22,925,406 shares of the company’s stock worth $313,203,000 after purchasing an additional 8,412,905 shares during the last quarter. 64.46% of the stock is owned by institutional investors.

Robinhood Markets Company Profile (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.

Further Reading

Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

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