Robinhood Markets (HOOD) Set to Announce Quarterly Earnings on Wednesday

Robinhood Markets (NASDAQ:HOODGet Rating) is set to post its quarterly earnings results after the market closes on Wednesday, August 3rd. Analysts expect Robinhood Markets to post earnings of ($0.30) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Robinhood Markets (NASDAQ:HOODGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.31) by $0.52. Robinhood Markets had a negative net margin of 203.12% and a negative return on equity of 39.39%. The firm had revenue of $299.00 million during the quarter, compared to the consensus estimate of $357.21 million. The business’s revenue for the quarter was down 42.7% on a year-over-year basis. On average, analysts expect Robinhood Markets to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Robinhood Markets Price Performance

HOOD stock opened at $8.43 on Wednesday. The company has a fifty day moving average price of $8.67 and a 200 day moving average price of $11.02. Robinhood Markets has a 12 month low of $6.81 and a 12 month high of $85.00. The company has a market cap of $7.35 billion and a price-to-earnings ratio of -0.77.

Insider Transactions at Robinhood Markets

In other news, CFO Jason Warnick sold 20,000 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $9.00, for a total transaction of $180,000.00. Following the transaction, the chief financial officer now directly owns 426,730 shares of the company’s stock, valued at approximately $3,840,570. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Vladimir Tenev sold 115,026 shares of the stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $10.14, for a total value of $1,166,363.64. Following the sale, the chief executive officer now directly owns 1,262,013 shares of the company’s stock, valued at approximately $12,796,811.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jason Warnick sold 20,000 shares of the stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $9.00, for a total transaction of $180,000.00. Following the completion of the sale, the chief financial officer now directly owns 426,730 shares in the company, valued at $3,840,570. The disclosure for this sale can be found here. Insiders have sold a total of 327,975 shares of company stock valued at $3,240,792 in the last ninety days.

Institutional Trading of Robinhood Markets

A number of hedge funds have recently made changes to their positions in HOOD. Hsbc Holdings PLC lifted its stake in Robinhood Markets by 48.1% during the first quarter. Hsbc Holdings PLC now owns 27,709 shares of the company’s stock worth $375,000 after purchasing an additional 8,996 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Robinhood Markets during the first quarter valued at about $316,000. Interchange Capital Partners LLC raised its stake in shares of Robinhood Markets by 114.1% during the first quarter. Interchange Capital Partners LLC now owns 22,632 shares of the company’s stock valued at $305,000 after purchasing an additional 12,062 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Robinhood Markets by 69.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,760 shares of the company’s stock valued at $294,000 after purchasing an additional 8,882 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Robinhood Markets during the first quarter valued at about $274,000. Institutional investors and hedge funds own 64.46% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the subject of several research reports. Atlantic Securities downgraded shares of Robinhood Markets from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $15.00 to $5.00 in a research report on Wednesday, June 15th. The Goldman Sachs Group raised shares of Robinhood Markets from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $11.50 to $9.50 in a research note on Monday, June 27th. Piper Sandler dropped their price objective on shares of Robinhood Markets from $13.00 to $11.00 in a research note on Friday, April 29th. Wolfe Research dropped their price objective on shares of Robinhood Markets from $15.00 to $10.00 in a research note on Friday, April 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Robinhood Markets from $11.00 to $7.00 in a research note on Tuesday, June 14th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.19.

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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