Robinhood Markets (NASDAQ:HOOD – Get Rating) had its price objective lowered by equities researchers at KeyCorp from $12.00 to $11.00 in a report released on Monday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 19.18% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Piper Sandler dropped their target price on shares of Robinhood Markets from $13.00 to $11.00 in a report on Friday, April 29th. JMP Securities dropped their target price on shares of Robinhood Markets from $36.00 to $28.00 and set a “market outperform” rating on the stock in a report on Tuesday, July 12th. Mizuho dropped their target price on shares of Robinhood Markets from $19.00 to $14.00 in a report on Monday, May 2nd. Wolfe Research dropped their target price on shares of Robinhood Markets from $15.00 to $10.00 in a report on Friday, April 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Robinhood Markets from $11.00 to $7.00 in a report on Tuesday, June 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $16.26.
Robinhood Markets Stock Up 2.1 %
NASDAQ:HOOD opened at $9.23 on Monday. The stock has a market cap of $8.05 billion and a P/E ratio of -0.84. The firm’s fifty day simple moving average is $8.59 and its 200 day simple moving average is $10.80. Robinhood Markets has a twelve month low of $6.81 and a twelve month high of $85.00.
Insiders Place Their Bets
Institutional Investors Weigh In On Robinhood Markets
Hedge funds and other institutional investors have recently made changes to their positions in the business. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets during the 4th quarter valued at about $27,000. Covestor Ltd bought a new position in shares of Robinhood Markets during the 1st quarter valued at approximately $28,000. Prospera Financial Services Inc bought a new position in shares of Robinhood Markets during the 1st quarter valued at approximately $29,000. CWM LLC bought a new position in shares of Robinhood Markets during the 2nd quarter valued at approximately $33,000. Finally, Kellogg W K Foundation Trust bought a new position in shares of Robinhood Markets during the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 64.46% 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), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.
- Get a free copy of the StockNews.com research report on Robinhood Markets (HOOD)
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