Analysts Set Robinhood Markets, Inc. (NASDAQ:HOOD) PT at $110.73

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $112.3636.

A number of equities analysts recently weighed in on HOOD shares. Barclays dropped their target price on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Citizens Jmp restated a “market outperform” rating and set a $155.00 target price on shares of Robinhood Markets in a research report on Thursday, May 28th. Loop Capital set a $110.00 target price on shares of Robinhood Markets in a research report on Wednesday. Finally, Needham & Company LLC upped their target price on shares of Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th.

Check Out Our Latest Research Report on HOOD

Insider Activity

In related news, Director Meyer Malka bought 250,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $80.74 per share, for a total transaction of $20,185,000.00. Following the completion of the transaction, the director owned 3,924,427 shares in the company, valued at $316,858,235.98. The trade was a 6.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven M. Quirk sold 10,837 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $85.91, for a total transaction of $931,006.67. Following the transaction, the insider owned 81,989 shares of the company’s stock, valued at $7,043,674.99. This trade represents a 11.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 633,484 shares valued at $47,542,923. Insiders own 14.47% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors have recently bought and sold shares of the business. Militia Capital Management LLC bought a new position in Robinhood Markets during the first quarter valued at $1,641,000. Rathbones Group PLC lifted its position in Robinhood Markets by 3.3% during the first quarter. Rathbones Group PLC now owns 5,129 shares of the company’s stock valued at $355,000 after purchasing an additional 165 shares during the last quarter. Glenmede Trust Co. NA lifted its position in Robinhood Markets by 22.5% during the first quarter. Glenmede Trust Co. NA now owns 10,426 shares of the company’s stock valued at $723,000 after purchasing an additional 1,914 shares during the last quarter. Summitry LLC bought a new position in Robinhood Markets during the first quarter valued at $432,000. Finally, Groupama Asset Managment bought a new position in Robinhood Markets during the first quarter valued at $260,000. Institutional investors own 93.27% of the company’s stock.

Key Headlines Impacting Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $108.15 on Monday. The firm has a fifty day moving average price of $83.43 and a 200 day moving average price of $91.48. Robinhood Markets has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The firm has a market cap of $97.39 billion, a price-to-earnings ratio of 52.25, a P/E/G ratio of 2.54 and a beta of 2.35.

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

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.

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Analyst Recommendations for Robinhood Markets (NASDAQ:HOOD)

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