Robinhood Markets (HOOD) to Release Earnings on Wednesday

Robinhood Markets (NASDAQ:HOOD) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Robinhood Markets to post earnings of $0.20 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The firm had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $640.39 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue for the quarter was up 40.3% on a year-over-year basis. On average, analysts expect Robinhood Markets to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Robinhood Markets Stock Up 1.6 %

NASDAQ HOOD opened at $27.41 on Wednesday. The business’s fifty day simple moving average is $22.20 and its 200-day simple moving average is $20.91. Robinhood Markets has a 52 week low of $7.91 and a 52 week high of $27.60. The firm has a market cap of $24.09 billion, a PE ratio of 182.73 and a beta of 1.84.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 98,404 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $26.40, for a total transaction of $2,597,865.60. Following the sale, the director now owns 2,521 shares of the company’s stock, valued at approximately $66,554.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Robinhood Markets news, Director Baiju Bhatt sold 98,404 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $26.40, for a total value of $2,597,865.60. Following the completion of the sale, the director now owns 2,521 shares in the company, valued at approximately $66,554.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $16.05, for a total transaction of $4,012,500.00. The disclosure for this sale can be found here. Insiders have sold 4,639,654 shares of company stock valued at $110,241,632 over the last quarter. 19.95% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler lifted their price target on shares of Robinhood Markets from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday. KeyCorp lifted their target price on Robinhood Markets from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods lowered their price target on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Morgan Stanley upped their target price on shares of Robinhood Markets from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Robinhood Markets in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.97.

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.