Capital Impact Advisors LLC Invests $112,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

Capital Impact Advisors LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,843 shares of the company’s stock, valued at approximately $112,000.

Other large investors have also recently modified their holdings of the company. Covestor Ltd bought a new position in Robinhood Markets in the 1st quarter valued at $28,000. Quantbot Technologies LP bought a new position in Robinhood Markets in the 2nd quarter valued at $28,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Robinhood Markets during the 2nd quarter worth $29,000. CWM LLC grew its position in shares of Robinhood Markets by 22.8% during the 3rd quarter. CWM LLC now owns 4,879 shares of the company’s stock worth $49,000 after buying an additional 906 shares in the last quarter. Finally, Seeyond bought a new position in shares of Robinhood Markets during the 2nd quarter worth $43,000. Institutional investors own 58.81% of the company’s stock.

Analyst Ratings Changes

HOOD has been the topic of a number of recent research reports. Barclays dropped their price target on Robinhood Markets from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, December 19th. Morgan Stanley decreased their price objective on Robinhood Markets from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 11th. JMP Securities reissued a “market outperform” rating and set a $25.00 target price on shares of Robinhood Markets in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Robinhood Markets from $9.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, February 9th. Finally, The Goldman Sachs Group decreased their target price on shares of Robinhood Markets from $12.50 to $9.00 and set a “neutral” rating for the company in a research note on Monday, January 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets currently has an average rating of “Hold” and a consensus price target of $11.67.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $9.31 on Friday. The stock has a market capitalization of $8.34 billion, a PE ratio of -1.33 and a beta of 1.13. Robinhood Markets, Inc. has a 52 week low of $6.81 and a 52 week high of $16.49. The stock has a 50 day moving average price of $9.75 and a 200 day moving average price of $9.75.

Robinhood Markets (NASDAQ:HOOD – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.06). Robinhood Markets had a negative net margin of 131.63% and a negative return on equity of 8.40%. The firm had revenue of $380.00 million during the quarter, compared to analyst estimates of $395.16 million. During the same period in the prior year, the company earned ($0.49) EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts forecast that Robinhood Markets, Inc. will post -0.72 EPS for the current year.

Insiders Place Their Bets

In related news, insider Baiju Bhatt sold 106,061 shares of the firm’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $8.53, for a total value of $904,700.33. Following the transaction, the insider now directly owns 1,185,047 shares of the company’s stock, valued at approximately $10,108,450.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Robinhood Markets news, CEO Vladimir Tenev sold 83,334 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $9.84, for a total transaction of $820,006.56. Following the transaction, the chief executive officer now directly owns 1,115,646 shares of the company’s stock, valued at $10,977,956.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Baiju Bhatt sold 106,061 shares of the firm’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $8.53, for a total value of $904,700.33. Following the transaction, the insider now owns 1,185,047 shares of the company’s stock, valued at $10,108,450.91. The disclosure for this sale can be found here. Insiders have sold a total of 600,399 shares of company stock valued at $5,671,712 in the last quarter. Insiders own 15.31% of the company’s stock.

About Robinhood Markets

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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.