Robinhood Markets, Inc. (NASDAQ:HOOD) Short Interest Update

Robinhood Markets, Inc. (NASDAQ:HOOD) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 30,860,000 shares, an increase of 23.2% from the March 31st total of 25,050,000 shares. Based on an average daily volume of 42,930,000 shares, the short-interest ratio is presently 0.7 days. Currently, 4.2% of the shares of the stock are sold short.

Insider Buying and Selling

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the transaction, the chief technology officer now owns 5,853 shares of the company’s stock, valued at approximately $201,987.03. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total value of $1,290,000.00. Following the sale, the insider now directly owns 706,642 shares in the company, valued at $36,462,727.20. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,334,593 shares of company stock valued at $114,815,021 over the last quarter. Corporate insiders own 19.95% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors and hedge funds have recently bought and sold shares of HOOD. Whipplewood Advisors LLC increased its holdings in shares of Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock worth $25,000 after purchasing an additional 508 shares during the period. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets during the fourth quarter valued at about $26,000. Wayfinding Financial LLC acquired a new position in Robinhood Markets in the 1st quarter valued at approximately $30,000. CoreCap Advisors LLC lifted its position in shares of Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after acquiring an additional 550 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $48.59 on Friday. The firm has a market cap of $43.02 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 1.05 and a beta of 2.17. The firm has a fifty day moving average price of $43.08 and a two-hundred day moving average price of $41.66. Robinhood Markets has a fifty-two week low of $13.98 and a fifty-two week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Robinhood Markets’s revenue for the quarter was up 50.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 EPS. As a group, sell-side analysts expect that Robinhood Markets will post 1.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HOOD shares. Barclays cut their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 target price on shares of Robinhood Markets in a research note on Thursday, March 27th. Morgan Stanley cut Robinhood Markets from an “overweight” rating to an “equal weight” rating and set a $40.00 target price for the company. in a research report on Tuesday, April 8th. Cantor Fitzgerald dropped their price target on Robinhood Markets from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.24.

About Robinhood Markets

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.