Robinhood Markets, Inc. (NASDAQ:HOOD) Receives Consensus Rating of “Hold” from Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $26.10.

HOOD has been the subject of several analyst reports. Citigroup raised their target price on shares of Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Robinhood Markets from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC reissued a “hold” rating on shares of Robinhood Markets in a research report on Thursday, October 31st. The Goldman Sachs Group dropped their price objective on Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods decreased their target price on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total transaction of $241,625.00. Following the transaction, the insider now owns 1,045,068 shares in the company, valued at $20,201,164.44. This trade represents a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $19.26, for a total value of $4,815,000.00. The disclosure for this sale can be found here. Insiders sold 4,710,549 shares of company stock worth $115,477,194 in the last quarter. 19.95% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Robinhood Markets by 1.8% in the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock valued at $1,143,960,000 after acquiring an additional 1,003,535 shares during the last quarter. Baker Avenue Asset Management LP increased its stake in shares of Robinhood Markets by 77.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock valued at $10,874,000 after purchasing an additional 203,354 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Robinhood Markets by 87.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock worth $117,000 after buying an additional 2,700 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Robinhood Markets during the 3rd quarter worth $770,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Robinhood Markets by 146.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,161,240 shares of the company’s stock valued at $27,196,000 after buying an additional 690,467 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $32.32 on Friday. The company’s 50-day moving average price is $25.47 and its two-hundred day moving average price is $22.33. Robinhood Markets has a one year low of $7.91 and a one year high of $34.32. The stock has a market capitalization of $28.57 billion, a PE ratio of 54.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business’s revenue was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) EPS. On average, analysts anticipate that Robinhood Markets will post 0.72 earnings per share for the current fiscal year.

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.