Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $171.00

Robinhood Markets (NASDAQ:HOOD) had its price objective upped by Barclays from $168.00 to $171.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also commented on HOOD. Bank of America reduced their price target on Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a research note on Wednesday, November 12th. Mizuho upped their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Citizens Jmp increased their price target on shares of Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, November 7th. Finally, JMP Securities upped their price objective on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.32.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $119.50 on Friday. The firm has a market capitalization of $107.45 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 2.40 and a beta of 2.43. Robinhood Markets has a one year low of $29.66 and a one year high of $153.86. The company’s 50 day moving average price is $132.04 and its 200 day moving average price is $112.37.

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

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 49,942 shares of the company’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 transaction of $6,549,893.30. Following the completion of the sale, the insider owned 54,496 shares of the company’s stock, valued at $7,147,150.40. This represents a 47.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,686,763 shares of company stock valued at $475,858,262. Corporate insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

Several large investors have recently made changes to their positions in the business. North Star Investment Management Corp. lifted its position in Robinhood Markets by 44.9% during the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the period. First Command Advisory Services Inc. grew its stake in Robinhood Markets by 33.8% in the third quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 81 shares during the period. CogentBlue Wealth Advisors LLC increased its stake in Robinhood Markets by 3.8% during the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC raised its holdings in shares of Robinhood Markets by 5.5% during the third quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock worth $269,000 after acquiring an additional 97 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. 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.