Robinhood Markets, Inc. (NASDAQ:HOOD) Given Consensus Rating of “Hold” by Brokerages

Robinhood Markets, Inc. (NASDAQ:HOOD) has received an average rating of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $19.75.

Several analysts have recently commented on HOOD shares. Bank of America upgraded shares of Robinhood Markets from an “underperform” rating to a “buy” rating and increased their target price for the company from $14.00 to $24.00 in a report on Friday, May 17th. Keefe, Bruyette & Woods started coverage on shares of Robinhood Markets in a research report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 target price for the company. TheStreet upgraded shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Robinhood Markets from $12.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. Finally, Morgan Stanley upped their price objective on Robinhood Markets from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th.

Insider Activity

In related news, CEO Vladimir Tenev sold 500,000 shares of Robinhood Markets stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.12, for a total value of $7,560,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Vladimir Tenev sold 500,000 shares of Robinhood Markets stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.12, for a total value of $7,560,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Baiju Bhatt sold 482,667 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $15.10, for a total value of $7,288,271.70. Following the transaction, the insider now owns 36,045 shares of the company’s stock, valued at approximately $544,279.50. The disclosure for this sale can be found here. Insiders sold a total of 2,376,471 shares of company stock worth $39,292,915 over the last 90 days. Corporate insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of Robinhood Markets during the first quarter valued at approximately $34,000. Spire Wealth Management purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $26,000. PNC Financial Services Group Inc. boosted its position in shares of Robinhood Markets by 46.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after buying an additional 722 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of Robinhood Markets during the third quarter valued at approximately $30,000. Finally, SageView Advisory Group LLC bought a new stake in shares of Robinhood Markets during the first quarter valued at approximately $84,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Up 6.6 %

Shares of NASDAQ HOOD opened at $20.51 on Friday. The firm has a market cap of $18.03 billion, a PE ratio of 136.73 and a beta of 1.74. Robinhood Markets has a 12-month low of $7.91 and a 12-month high of $21.21. The company’s fifty day simple moving average is $18.30 and its 200 day simple moving average is $14.20.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.13. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The firm had revenue of $618.00 million for the quarter, compared to the consensus estimate of $552.74 million. During the same quarter in the prior year, the company posted ($0.57) earnings per share. The business’s revenue was up 40.1% on a year-over-year basis. On average, equities analysts predict that Robinhood Markets will post 0.53 earnings per share for the current 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.