Robinhood Markets (NASDAQ:HOOD) Shares Gap Up – What’s Next?

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) gapped up before the market opened on Monday . The stock had previously closed at $44.36, but opened at $46.40. Robinhood Markets shares last traded at $47.82, with a volume of 8,663,628 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on HOOD shares. Raymond James started coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a “market perform” rating on the stock. Barclays boosted their price target on shares of Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Wolfe Research downgraded shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Needham & Company LLC boosted their price target on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.29.

Robinhood Markets Trading Up 8.6 %

The firm has a market cap of $42.65 billion, a PE ratio of 30.68, a P/E/G ratio of 1.05 and a beta of 2.14. The company’s 50-day moving average is $49.04 and its 200 day moving average is $37.41.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total transaction of $29,370,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $40.45, for a total transaction of $4,045,000.00. Following the transaction, the insider now owns 731,642 shares in the company, valued at approximately $29,594,918.90. This trade represents a 12.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,679,251 shares of company stock worth $130,979,560. 19.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. New Wave Wealth Advisors LLC acquired a new position in Robinhood Markets in the 4th quarter valued at $26,000. CoreCap Advisors LLC grew its stake in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock valued at $31,000 after buying an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after buying an additional 750 shares during the last quarter. Colonial Trust Co SC acquired a new position in Robinhood Markets in the 4th quarter valued at $34,000. Finally, Silicon Valley Capital Partners acquired a new position in Robinhood Markets in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.