Robinhood Markets, Inc. (NASDAQ:HOOD) Given Average Rating of "Moderate Buy" by Analysts
Robinhood Markets, Inc. (NASDAQ:HOOD) has received an average rating of "Moderate Buy" from eighteen research firms. Six analysts rated it as hold, while twelve assigned buy ratings. The average 12-month price target is $53.24. Recent reports include JMP Securities setting a target of $70.00, Cantor Fitzgerald lowering it to $60.00, and JPMorgan raising it to $47.00. The stock opened at $54.65, with a 12-month range of $13.98 to $66.91. The company reported $0.37 EPS, missing estimates, but revenue increased by 50% year-over-year.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $53.24.
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HOOD has been the subject of a number of research reports. JMP Securities reaffirmed a "market outperform" rating and set a $70.00 price target on shares of Robinhood Markets in a research note on Thursday, May 1st. Cantor Fitzgerald cut their target price on shares of Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. KeyCorp cut their price objective on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th.
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Robinhood Markets Price Performance
- Markets Think Robinhood Earnings Could Send the Stock Up
Robinhood Markets stock opened at $54.65 on Friday. Robinhood Markets has a 12-month low of $13.98 and a 12-month high of $66.91. The company has a market capitalization of $48.39 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The firm's fifty day moving average price is $43.38 and its 200 day moving average price is $42.50.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same quarter last year, the business posted $0.18 earnings per share. The firm's revenue for the quarter was up 50.0% on a year-over-year basis. Analysts forecast that Robinhood Markets will post 1.35 earnings per share for the current fiscal year.
Insiders Place Their Bets
- Robinhood Strategies Could Be a Game-Changer for Young Investors
In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $38.31, for a total value of $957,750.00. Following the transaction, the insider now directly owns 822,825 shares of the company's stock, valued at approximately $31,522,425.75. The trade was a 2.95 % 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, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03. Following the transaction, the chief technology officer now directly owns 5,853 shares in the company, valued at $201,987.03. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,243,727 shares of company stock valued at $109,688,747. 14.47% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Robinhood Markets
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Robinhood Markets by 184.8% in the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after purchasing an additional 26,107,934 shares during the period. Norges Bank bought a new position in shares of Robinhood Markets in the fourth quarter worth approximately $329,598,000. GQG Partners LLC purchased a new stake in Robinhood Markets during the 4th quarter valued at $302,325,000. Vanguard Group Inc. grew its holdings in Robinhood Markets by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock worth $3,089,914,000 after acquiring an additional 5,874,701 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in Robinhood Markets during the 4th quarter valued at approximately $152,949,000. Institutional investors own 93.27% of the company's stock.
About Robinhood Markets
(Get Free ReportRobinhood 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.
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