Robinhood Markets (NASDAQ:HOOD) Given New $180.00 Price Target at Citizens Jmp

Robinhood Markets (NASDAQ:HOOD) had its price target boosted by Citizens Jmp from $170.00 to $180.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Other research analysts have also issued reports about the company. Loop Capital set a $161.00 price target on Robinhood Markets in a research note on Monday, October 27th. Mizuho increased their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup lifted their target price on shares of Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. The Goldman Sachs Group upped their price target on shares of Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Finally, Cantor Fitzgerald increased their price target on shares of Robinhood Markets from $130.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and an average target price of $132.65.

Robinhood Markets Stock Up 2.6%

Shares of HOOD stock traded up $3.28 during trading on Friday, reaching $130.36. The company’s stock had a trading volume of 44,725,860 shares, compared to its average volume of 26,853,568. Robinhood Markets has a one year low of $29.21 and a one year high of $153.86. The business has a fifty day moving average price of $130.11 and a 200-day moving average price of $99.54. The company has a market cap of $115.85 billion, a price-to-earnings ratio of 54.09, a price-to-earnings-growth ratio of 3.22 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.41 by $0.20. Robinhood Markets had a return on equity of 22.13% and a net margin of 52.19%.The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. The business’s quarterly revenue was up 100.0% compared to the same quarter last year. Research analysts anticipate that Robinhood Markets will post 1.35 EPS for the current year.

Insider Buying and Selling

In other Robinhood Markets news, Director Meyer Malka sold 1,093,288 shares of Robinhood Markets stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $103.87, for a total value of $113,559,824.56. Following the transaction, the director owned 3,976,234 shares in the company, valued at $413,011,425.58. The trade was a 21.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven M. Quirk sold 60,113 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the transaction, the insider owned 94,454 shares of the company’s stock, valued at approximately $9,531,353.14. This represents a 38.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,385,742 shares of company stock worth $403,923,453. 14.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HOOD. Principal Financial Group Inc. raised its position in shares of Robinhood Markets by 124.0% in the 1st quarter. Principal Financial Group Inc. now owns 261,457 shares of the company’s stock worth $10,882,000 after acquiring an additional 144,725 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Robinhood Markets during the 1st quarter valued at about $408,000. Envestnet Asset Management Inc. grew its stake in Robinhood Markets by 30.0% during the first quarter. Envestnet Asset Management Inc. now owns 328,511 shares of the company’s stock worth $13,673,000 after purchasing an additional 75,745 shares during the period. TD Private Client Wealth LLC increased its holdings in Robinhood Markets by 184.4% in the first quarter. TD Private Client Wealth LLC now owns 1,829 shares of the company’s stock worth $76,000 after purchasing an additional 1,186 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in Robinhood Markets by 12.1% in the first quarter. M&T Bank Corp now owns 34,042 shares of the company’s stock worth $1,417,000 after purchasing an additional 3,663 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

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.