Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $155.00

Robinhood Markets (NASDAQ:HOOD) had its price target lifted by Cantor Fitzgerald from $130.00 to $155.00 in a report published on Thursday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other equities analysts also recently commented on HOOD. Mizuho boosted their price objective on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday. Citizens Jmp lifted their price target on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “mkt outperform” rating in a research note on Thursday, October 9th. Bank of America increased their price objective on shares of Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. KeyCorp raised their price objective on shares of Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, CICC Research started coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They set an “outperform” rating and a $155.00 target price for the company. Fourteen 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.65.

Robinhood Markets Trading Up 2.6%

Robinhood Markets stock opened at $130.36 on Thursday. The firm has a market capitalization of $115.85 billion, a P/E ratio of 54.09, a P/E/G ratio of 3.31 and a beta of 2.42. Robinhood Markets has a twelve month low of $29.21 and a twelve month high of $153.86. The stock’s fifty day simple moving average is $130.11 and its 200-day simple moving average is $99.94.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.15 billion. During the same period last year, the business posted $0.17 earnings per share. Robinhood Markets’s revenue was up 100.0% compared to the same quarter last year. Sell-side analysts predict that Robinhood Markets will post 1.35 earnings per share for the current year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total value of $104,797,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Quirk sold 60,113 shares of Robinhood Markets stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total value of $6,066,002.83. Following the sale, the insider owned 94,454 shares in the company, valued at $9,531,353.14. This trade represents a 38.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,385,742 shares of company stock worth $403,923,453. Insiders own 14.47% of the company’s stock.

Institutional Trading of Robinhood Markets

A number of large investors have recently made changes to their positions in HOOD. Hantz Financial Services Inc. increased its position in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after buying an additional 148 shares during the period. Hemington Wealth Management grew its position in shares of Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 218 shares during the last quarter. Valley National Advisers Inc. increased its holdings in shares of Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after acquiring an additional 99 shares during the period. Finally, Smithfield Trust Co purchased a new stake in Robinhood Markets in the 2nd quarter valued at $29,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Company Profile

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.