Robinhood Markets (NASDAQ:HOOD) Price Target Lowered to $45.00 at Barclays

Robinhood Markets (NASDAQ:HOOD) had its price target decreased by equities research analysts at Barclays from $76.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 33.88% from the company’s current price.

A number of other brokerages have also recently issued reports on HOOD. Wolfe Research cut Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. JMP Securities lifted their price target on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a report on Thursday, February 13th. Raymond James initiated coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They set a “market perform” rating for the company. Needham & Company LLC decreased their price target on Robinhood Markets from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, Piper Sandler raised their target price on Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.41.

Robinhood Markets Stock Down 2.6 %

Robinhood Markets stock traded down $0.90 during trading hours on Monday, hitting $33.61. The stock had a trading volume of 15,968,400 shares, compared to its average volume of 22,627,857. Robinhood Markets has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The company has a market cap of $29.76 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The company has a 50-day moving average of $48.15 and a two-hundred day moving average of $38.93.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share 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%. As a group, analysts forecast that Robinhood Markets will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Baiju Bhatt sold 223,528 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $43.21, for a total transaction of $9,658,644.88. Following the transaction, the director now owns 5,042 shares of the company’s stock, valued at approximately $217,864.82. This represents a 97.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,621,134 shares of company stock worth $131,646,496. Corporate insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors increased its holdings in Robinhood Markets by 31.0% during the third quarter. Captrust Financial Advisors now owns 18,942 shares of the company’s stock worth $444,000 after buying an additional 4,487 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Robinhood Markets by 45.6% during the 3rd quarter. Quantinno Capital Management LP now owns 37,867 shares of the company’s stock worth $887,000 after purchasing an additional 11,859 shares during the last quarter. State Street Corp lifted its stake in Robinhood Markets by 8.7% in the 3rd quarter. State Street Corp now owns 13,558,321 shares of the company’s stock valued at $317,536,000 after purchasing an additional 1,085,679 shares during the last quarter. MML Investors Services LLC increased its position in Robinhood Markets by 58.0% during the third quarter. MML Investors Services LLC now owns 51,839 shares of the company’s stock worth $1,214,000 after buying an additional 19,027 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Robinhood Markets in the third quarter valued at approximately $1,965,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Robinhood Markets

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.