Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report) insider Daniel Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $122.43, for a total value of $1,224,300.00. Following the completion of the transaction, the insider owned 509,943 shares of the company’s stock, valued at approximately $62,432,321.49. The trade was a 1.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robinhood Markets Price Performance
Shares of HOOD stock opened at $122.11 on Friday. The stock has a market cap of $109.79 billion, a price-to-earnings ratio of 53.79, a PEG ratio of 2.56 and a beta of 2.34. The business’s fifty day moving average is $102.73 and its 200 day moving average is $88.26. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.44 by $0.18. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The company’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 earnings per share. Research analysts expect that Robinhood Markets, Inc. will post 2.08 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Robinhood Markets
Key Stories Impacting Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Analyst sentiment remains supportive. Scotiabank initiated coverage with a bullish view, while Piper Sandler raised its price target to $145 and expects football-related event contracts to increase activity. Robinhood generated $156 million from event contracts in the second quarter. Robinhood Stock Jumps After Wave of Analysts Upgrade
- Positive Sentiment: Robinhood Chain and crypto activity are emerging growth drivers. The new blockchain reportedly generated about $3.8 million in fees on September 1, while the company now has 13 business lines with more than $100 million in annualized revenue. Deutsche Bank also sees potential upside from Robinhood’s latest crypto initiatives. Robinhood Now Runs 13 Revenue Lines Above $100 Million a Year
- Positive Sentiment: CEO Vlad Tenev said Robinhood’s newly launched Trust Accounts have attracted more than $150 million since August, suggesting early customer demand for the offering. Robinhood Trust Accounts Now Have Over $150 Million
Institutional Trading of Robinhood Markets
Several institutional investors have recently bought and sold shares of HOOD. CYBER HORNET ETFs LLC increased its stake in Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Robinhood Markets in the fourth quarter worth approximately $27,000. MV Capital Management Inc. purchased a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $27,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Robinhood Markets during the second quarter valued at approximately $27,000. Finally, Swiss RE Ltd. bought a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $27,000. 93.27% of the stock is owned by hedge funds and other institutional investors.
Robinhood Markets Company Profile
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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