Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $113.00 at Deutsche Bank Aktiengesellschaft

Robinhood Markets (NASDAQ:HOODGet Free Report) had its price target raised by equities researchers at Deutsche Bank Aktiengesellschaft from $105.00 to $113.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 12.59% from the company’s previous close.

HOOD has been the subject of several other research reports. Keefe, Bruyette & Woods decreased their price objective on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. BTIG Research started coverage on Robinhood Markets in a research report on Friday. They issued a “buy” rating and a $125.00 price objective for the company. KeyCorp reaffirmed an “overweight” rating and issued a $100.00 price objective on shares of Robinhood Markets in a report on Monday, June 1st. The Goldman Sachs Group raised their target price on shares of Robinhood Markets from $108.00 to $121.00 and gave the company a “buy” rating in a research note on Monday. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $155.00 target price on shares of Robinhood Markets in a research report on Thursday, May 28th. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.35.

Read Our Latest Report on Robinhood Markets

Robinhood Markets Price Performance

NASDAQ HOOD traded down $1.47 during midday trading on Tuesday, hitting $100.36. 10,609,818 shares of the company traded hands, compared to its average volume of 30,381,904. Robinhood Markets has a 52 week low of $63.51 and a 52 week high of $153.86. The company has a market cap of $90.38 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 2.32 and a beta of 2.35. The company’s 50-day simple moving average is $86.15 and its 200-day simple moving average is $89.85.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. On average, research analysts predict that Robinhood Markets will post 1.81 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Steven M. Quirk sold 10,837 shares of Robinhood Markets stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $85.91, for a total transaction of $931,006.67. Following the completion of the sale, the insider owned 81,989 shares in the company, valued at approximately $7,043,674.99. This trade represents a 11.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $83.68, for a total transaction of $836,800.00. Following the completion of the transaction, the insider owned 481,396 shares in the company, valued at approximately $40,283,217.28. This represents a 2.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 633,484 shares valued at $47,542,923. Corporate insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CYBER HORNET ETFs LLC increased its stake in shares of Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the period. MV Capital Management Inc. purchased a new position in Robinhood Markets during the fourth quarter worth about $27,000. Swiss RE Ltd. purchased a new position in Robinhood Markets during the fourth quarter worth about $27,000. Elyxium Wealth LLC acquired a new position in Robinhood Markets in the 4th quarter valued at about $27,000. Finally, Sound Income Strategies LLC grew its stake in shares of Robinhood Markets by 152.6% in the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after buying an additional 145 shares during the period. Institutional investors own 93.27% of the company’s stock.

Trending Headlines about Robinhood Markets

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About Robinhood Markets

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Robinhood Markets (NASDAQ:HOOD)

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