Robinhood Markets (NASDAQ:HOOD) Stock Price Expected to Rise, Mizuho Analyst Says

Robinhood Markets (NASDAQ:HOOD) had its price objective lifted by equities research analysts at Mizuho from $105.00 to $115.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price target indicates a potential upside of 26.72% from the company’s previous close.

HOOD has been the subject of a number of other reports. Keefe, Bruyette & Woods initiated coverage on shares of Robinhood Markets in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective for the company. Loop Capital set a $130.00 price objective on shares of Robinhood Markets in a research report on Monday, February 9th. Citizens Jmp reduced their price objective on shares of Robinhood Markets from $180.00 to $155.00 and set a “market outperform” rating for the company in a research report on Friday, April 10th. Argus initiated coverage on shares of Robinhood Markets in a research report on Friday, January 9th. They set a “buy” rating and a $145.00 price objective for the company. Finally, Zacks Research cut shares of Robinhood Markets from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and an average price target of $109.63.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $90.75 on Monday. The company’s fifty day moving average price is $75.32 and its 200 day moving average price is $106.05. Robinhood Markets has a 1 year low of $39.21 and a 1 year high of $153.86. The company has a market capitalization of $81.70 billion, a PE ratio of 44.05, a price-to-earnings-growth ratio of 2.64 and a beta of 2.46.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. On average, equities analysts expect that Robinhood Markets will post 1.35 EPS for the current year.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $69.85, for a total transaction of $698,500.00. Following the completion of the transaction, the insider owned 442,849 shares of the company’s stock, valued at $30,933,002.65. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 5,436 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $85.86, for a total transaction of $466,734.96. Following the transaction, the chief financial officer directly owned 52,747 shares of the company’s stock, valued at approximately $4,528,857.42. This trade represents a 9.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 483,215 shares of company stock valued at $35,353,762 in the last quarter. Insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HOOD. Vanguard Group Inc. boosted its stake in Robinhood Markets by 24.9% during the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock worth $13,521,497,000 after buying an additional 18,824,923 shares during the period. State Street Corp boosted its stake in Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after buying an additional 16,375,734 shares during the period. Norges Bank purchased a new position in Robinhood Markets during the fourth quarter worth about $1,202,160,000. Corient Private Wealth LLC boosted its stake in Robinhood Markets by 5,221.4% during the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock worth $289,519,000 after buying an additional 2,511,743 shares during the period. Finally, Jennison Associates LLC purchased a new position in Robinhood Markets during the third quarter worth about $322,823,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.