Robinhood Markets, Inc. (NASDAQ:HOOD) Given Consensus Rating of “Moderate Buy” by Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has received an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $100.3125.

Several equities analysts recently weighed in on HOOD shares. Barclays raised their target price on shares of Robinhood Markets from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Redburn Atlantic reaffirmed a “sell” rating and set a $48.00 target price (up from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Robinhood Markets from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, June 9th. JPMorgan Chase & Co. raised their target price on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Finally, KeyCorp raised their target price on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st.

Insider Transactions at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $104.23, for a total value of $2,605,750.00. Following the completion of the sale, the insider owned 566,887 shares in the company, valued at approximately $59,086,632.01. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven M. Quirk sold 40,131 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $104.71, for a total transaction of $4,202,117.01. Following the completion of the sale, the insider owned 120,408 shares of the company’s stock, valued at $12,607,921.68. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,644,685 shares of company stock worth $448,881,884. 19.95% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors have recently made changes to their positions in HOOD. Whipplewood Advisors LLC lifted its holdings in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock valued at $25,000 after buying an additional 508 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Robinhood Markets by 120.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after buying an additional 148 shares in the last quarter. Hemington Wealth Management lifted its holdings in Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock valued at $26,000 after buying an additional 218 shares in the last quarter. Smithfield Trust Co bought a new stake in Robinhood Markets during the 2nd quarter valued at about $29,000. Finally, Wayfinding Financial LLC bought a new stake in Robinhood Markets during the 1st quarter valued at about $30,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $115.02 on Tuesday. The firm has a fifty day moving average price of $96.19 and a 200-day moving average price of $66.79. The stock has a market cap of $102.21 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 4.35 and a beta of 2.36. Robinhood Markets has a 1 year low of $18.71 and a 1 year high of $117.70.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. The firm had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The company’s revenue for the quarter was up 45.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. On average, research analysts expect that Robinhood Markets will post 1.35 EPS for the current year.

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.