Daniel Martin Gallagher, Jr. Sells 12,500 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction on 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 $15,244,560.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Robinhood Markets Stock Performance

Shares of HOOD opened at $17.85 on Thursday. The company has a market cap of $15.61 billion, a price-to-earnings ratio of -29.75 and a beta of 1.74. The stock has a fifty day moving average price of $17.78 and a two-hundred day moving average price of $13.37. Robinhood Markets, Inc. has a 52-week low of $7.91 and a 52-week high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results 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 business had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.19) earnings per share. As a group, research analysts predict that Robinhood Markets, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HOOD has been the topic of a number of recent research reports. KeyCorp lifted their target price on Robinhood Markets from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 14th. Barclays increased their price objective on shares of Robinhood Markets from $11.00 to $16.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Finally, Mizuho lifted their target price on shares of Robinhood Markets from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.96.

Institutional Trading of Robinhood Markets

A number of hedge funds and other institutional investors have recently modified their holdings of HOOD. Angeles Wealth Management LLC lifted its holdings in Robinhood Markets by 5.3% during the 1st quarter. Angeles Wealth Management LLC now owns 12,207 shares of the company’s stock worth $246,000 after buying an additional 610 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Robinhood Markets by 25.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 35,347 shares of the company’s stock valued at $712,000 after acquiring an additional 7,271 shares during the last quarter. Entropy Technologies LP increased its position in Robinhood Markets by 87.2% in the first quarter. Entropy Technologies LP now owns 151,924 shares of the company’s stock worth $3,058,000 after purchasing an additional 70,771 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in Robinhood Markets during the 1st quarter worth about $1,610,000. Finally, SG Americas Securities LLC lifted its position in Robinhood Markets by 62.5% during the 1st quarter. SG Americas Securities LLC now owns 283,684 shares of the company’s stock valued at $5,711,000 after purchasing an additional 109,059 shares during the period. Institutional investors and hedge funds 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.