Ardsley Advisory Partners LP Makes New Investment in Robinhood Markets, Inc. $HOOD

Ardsley Advisory Partners LP bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,000 shares of the company’s stock, valued at approximately $2,436,000.

A number of other institutional investors and hedge funds have also modified their holdings of HOOD. Hantz Financial Services Inc. grew 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 worth $25,000 after acquiring an additional 148 shares during the period. Smithfield Trust Co bought a new position in shares of Robinhood Markets in the 2nd quarter worth $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets during the second quarter worth $34,000. V Square Quantitative Management LLC acquired a new stake in shares of Robinhood Markets during the second quarter worth $36,000. Finally, Colonial Trust Advisors increased its holdings in Robinhood Markets by 125.0% in the first quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Trading Down 0.0%

HOOD opened at $135.66 on Thursday. The stock has a market capitalization of $121.98 billion, a P/E ratio of 56.29, a P/E/G ratio of 3.05 and a beta of 2.43. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The firm’s fifty day simple moving average is $133.07 and its 200 day simple moving average is $111.25.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The company’s revenue for the quarter was up 100.0% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 49,942 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total value of $6,549,893.30. Following the sale, the insider owned 54,496 shares in the company, valued at approximately $7,147,150.40. The trade was a 47.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $132.26, for a total transaction of $775,704.90. Following the transaction, the chief technology officer directly owned 26,725 shares of the company’s stock, valued at $3,534,648.50. This represents a 18.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,686,763 shares of company stock worth $475,858,262 in the last 90 days. 14.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HOOD. JMP Securities raised their target price on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. The Goldman Sachs Group increased their price target on shares of Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Bank of America decreased their price objective on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday. Zacks Research upgraded shares of Robinhood Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, Morgan Stanley lifted their price target on shares of Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.79.

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.