Robinhood Markets Target of Unusually High Options Trading (NASDAQ:HOOD)

Robinhood Markets, Inc. (NASDAQ:HOOD) was the target of unusually large options trading activity on Monday. Traders bought 205,071 call options on the stock. This represents an increase of 47% compared to the typical daily volume of 139,242 call options.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, November 1st. JMP Securities raised their price target on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 12th. Barclays upped their price objective on Robinhood Markets from $23.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Morgan Stanley raised their target price on Robinhood Markets from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC raised Robinhood Markets from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $27.34.

Insider Buying and Selling

In related news, Director Meyer Malka sold 105,875 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.00, for a total value of $3,176,250.00. Following the transaction, the director now owns 28,930,243 shares in the company, valued at $867,907,290. The trade was a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction that occurred 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 have sold a total of 4,710,549 shares of company stock worth $115,477,194 in the last ninety days. Company insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

Institutional investors have recently made changes to their positions in the stock. HM Payson & Co. grew its holdings in shares of Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 410 shares during the period. Commerce Bank lifted its holdings in Robinhood Markets by 3.3% in the third quarter. Commerce Bank now owns 13,245 shares of the company’s stock valued at $310,000 after acquiring an additional 423 shares during the period. Signaturefd LLC boosted its position in Robinhood Markets by 16.5% in the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock worth $80,000 after purchasing an additional 487 shares during the last quarter. Castleview Partners LLC grew its stake in shares of Robinhood Markets by 18.2% during the 3rd quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after purchasing an additional 582 shares during the period. Finally, Axxcess Wealth Management LLC increased its position in shares of Robinhood Markets by 3.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company’s stock valued at $463,000 after purchasing an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Up 8.3 %

HOOD stock opened at $35.00 on Tuesday. The business has a 50 day moving average of $25.77 and a 200 day moving average of $22.49. The firm has a market cap of $30.94 billion, a PE ratio of 59.32, a price-to-earnings-growth ratio of 0.77 and a beta of 1.84. Robinhood Markets has a twelve month low of $7.96 and a twelve month high of $35.62.

Robinhood Markets (NASDAQ:HOOD) last issued 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). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. During the same period last year, the firm posted ($0.09) earnings per share. The firm’s quarterly revenue was up 36.4% on a year-over-year basis. On average, research analysts expect 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.