Robinhood Markets (NASDAQ:HOOD) Given New $21.00 Price Target at Mizuho

Robinhood Markets (NASDAQ:HOOD) had its price objective upped by Mizuho from $20.00 to $21.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Mizuho’s target price points to a potential upside of 16.73% from the stock’s current price.

A number of other research analysts have also recently weighed in on HOOD. KeyCorp boosted their target price on shares of Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. TheStreet raised Robinhood Markets from a “d+” rating to a “c-” rating in a report on Wednesday, February 28th. Piper Sandler boosted their target price on Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. The Goldman Sachs Group increased their price target on Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Finally, Citigroup lowered Robinhood Markets from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $13.00 to $16.00 in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.96.

Robinhood Markets Trading Up 1.2 %

Shares of HOOD opened at $17.99 on Monday. The stock has a 50 day moving average of $17.75 and a 200 day moving average of $13.31. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of -29.98 and a beta of 1.74. Robinhood Markets has a 12 month low of $7.91 and a 12 month high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) EPS. As a group, equities research analysts predict that Robinhood Markets will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $17.83, for a total value of $222,875.00. Following the completion of the transaction, the insider now directly owns 854,995 shares of the company’s stock, valued at approximately $15,244,560.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $17.83, for a total transaction of $222,875.00. Following the completion of the sale, the insider now owns 854,995 shares in the company, valued at approximately $15,244,560.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Baiju Bhatt sold 188,077 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $13.57, for a total transaction of $2,552,204.89. Following the completion of the transaction, the insider now owns 36,045 shares in the company, valued at $489,130.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,163,026 shares of company stock valued at $34,444,767. Company insiders own 20.81% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds have recently added to or reduced their stakes in HOOD. Bank of New York Mellon Corp raised its holdings in shares of Robinhood Markets by 15.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,419,817 shares of the company’s stock valued at $23,738,000 after buying an additional 325,506 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Robinhood Markets by 12.2% in the 3rd quarter. California Public Employees Retirement System now owns 1,009,592 shares of the company’s stock worth $9,904,000 after acquiring an additional 109,652 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Robinhood Markets in the 3rd quarter valued at $131,000. Quantbot Technologies LP grew its holdings in shares of Robinhood Markets by 583.1% during the 3rd quarter. Quantbot Technologies LP now owns 132,612 shares of the company’s stock valued at $1,301,000 after purchasing an additional 113,199 shares during the last quarter. Finally, Gulf International Bank UK Ltd purchased a new position in Robinhood Markets in the 4th quarter worth $764,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.