Robinhood Markets, Inc. (NASDAQ:HOOD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $59.53.

Several equities research analysts recently commented on the company. Sanford C. Bernstein boosted their target price on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Mizuho boosted their target price on Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. KeyCorp boosted their target price on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Piper Sandler upped their price target on Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th.

Robinhood Markets Trading Up 2.7 %

Shares of NASDAQ HOOD opened at $50.10 on Tuesday. The stock has a 50 day simple moving average of $48.34 and a 200-day simple moving average of $34.99. The company has a market cap of $44.29 billion, a PE ratio of 31.91, a P/E/G ratio of 1.05 and a beta of 2.13. Robinhood Markets has a 12-month low of $13.98 and a 12-month high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Sell-side analysts forecast that Robinhood Markets will post 1.35 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $38.22, for a total transaction of $477,750.00. Following the transaction, the insider now directly owns 1,106,955 shares in the company, valued at $42,307,820.10. The trade was a 1.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven M. Quirk sold 123,272 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.80, for a total transaction of $6,878,577.60. Following the transaction, the insider now owns 298,826 shares in the company, valued at approximately $16,674,490.80. This represents a 29.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,624,018 shares of company stock worth $206,917,425 in the last ninety days. Corporate insiders own 19.95% of the company’s stock.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors and hedge funds have recently modified their holdings of HOOD. New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets during the 4th quarter valued at $26,000. HM Payson & Co. boosted its holdings in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares in the last quarter. True Wealth Design LLC bought a new stake in Robinhood Markets in the third quarter worth $30,000. CoreCap Advisors LLC boosted its holdings in Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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.