Robinhood Markets, Inc. (NASDAQ:HOOD) Insider Daniel Martin Gallagher, Jr. Sells 27,181 Shares

Robinhood Markets, Inc. (NASDAQ:HOODGet Rating) insider Daniel Martin Gallagher, Jr. sold 27,181 shares of the stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $9.93, for a total transaction of $269,907.33. Following the transaction, the insider now owns 257,316 shares of the company’s stock, valued at approximately $2,555,147.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ HOOD traded down $0.13 during mid-day trading on Friday, hitting $10.08. The stock had a trading volume of 12,785,368 shares, compared to its average volume of 22,527,223. The company has a 50 day moving average of $11.45 and a two-hundred day moving average of $16.54. Robinhood Markets, Inc. has a twelve month low of $7.71 and a twelve month high of $85.00. The firm has a market cap of $8.79 billion and a PE ratio of -0.91.

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

HOOD has been the subject of several recent research reports. Citigroup dropped their price target on Robinhood Markets from $51.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, January 31st. Piper Sandler cut their target price on Robinhood Markets from $13.00 to $11.00 in a research report on Friday, April 29th. Barclays lowered their price target on Robinhood Markets from $42.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, January 28th. Zacks Investment Research cut shares of Robinhood Markets from a “buy” rating to a “hold” rating in a research report on Saturday, April 2nd. Finally, Mizuho lowered their target price on shares of Robinhood Markets from $19.00 to $14.00 in a report on Monday, May 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.83.

Several institutional investors and hedge funds have recently modified their holdings of HOOD. Advisor Group Holdings Inc. purchased a new position in Robinhood Markets during the third quarter valued at approximately $1,709,000. BlackRock Inc. acquired a new position in shares of Robinhood Markets in the third quarter worth about $109,409,000. Geode Capital Management LLC purchased a new stake in shares of Robinhood Markets during the 3rd quarter worth about $22,169,000. Credit Suisse AG acquired a new stake in shares of Robinhood Markets during the 3rd quarter valued at about $2,605,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Robinhood Markets in the 3rd quarter valued at about $37,507,000. Hedge funds and other institutional investors own 64.46% of the company’s stock.

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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