Robinhood Markets, Inc. (NASDAQ:HOOD – Get 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
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:
- Positive Sentiment: Robinhood said its new “AI Trading” feature has already attracted more than 50,000 users in just weeks, with the product helping drive millions of daily interactions and reinforcing the company’s growth narrative. Robinhood Stock Spikes as AI Trading Tops 50,000 Users in Weeks
- Positive Sentiment: Shares have also been supported by record June trading volumes and analyst upgrades/raised price targets after Robinhood announced a 10% workforce reduction, which investors read as a move to improve margins and streamline operations. Stock Market Today, June 17: Robinhood Jumps After Announcing 10% Workforce Reduction, Record June Volumes
- Positive Sentiment: Momentum traders are also focused on the stock’s technical breakout potential after it outperformed the broader market and moved sharply higher on heavy volume. Stock Of The Day: Will Robinhood Break Out?
- Neutral Sentiment: Commentary on Robinhood’s valuation suggests the stock is expensive, so even with strong growth, expectations are high and any slowdown could make the shares vulnerable. 2 High-Flying Stocks Worth Your Attention and 1 We Question
- Negative Sentiment: Cathie Wood’s ARK has been trimming Robinhood holdings into the rally, which may create some short-term supply pressure and signals that not all big investors are chasing the move. Cathie Wood’s Ark Invest Sells Robinhood Stock Into 8% Rally, Loads Up On Coinbase And Block
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:HOOD – Get 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
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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