Capital Impact Advisors LLC Purchases Shares of 11,843 Robinhood Markets, Inc. (NASDAQ:HOOD)

Capital Impact Advisors LLC purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Get Rating) in the 3rd quarter, HoldingsChannel reports. The fund purchased 11,843 shares of the company’s stock, valued at approximately $112,000.

Several other hedge funds have also modified their holdings of HOOD. Covestor Ltd purchased a new stake in shares of Robinhood Markets during the first quarter valued at about $28,000. Quantbot Technologies LP acquired a new stake in Robinhood Markets in the 2nd quarter worth approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Robinhood Markets during the 2nd quarter worth approximately $29,000. Seeyond acquired a new position in Robinhood Markets during the 2nd quarter valued at approximately $43,000. Finally, American International Group Inc. purchased a new position in shares of Robinhood Markets in the second quarter worth $48,000. 58.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $8.13, for a total value of $101,625.00. Following the transaction, the insider now owns 334,573 shares in the company, valued at approximately $2,720,078.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Vladimir Tenev sold 83,333 shares of the business’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $8.24, for a total transaction of $686,663.92. Following the completion of the transaction, the chief executive officer now owns 1,244,603 shares of the company’s stock, valued at approximately $10,255,528.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $8.13, for a total value of $101,625.00. Following the completion of the transaction, the insider now directly owns 334,573 shares of the company’s stock, valued at approximately $2,720,078.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 600,399 shares of company stock worth $5,671,712. 15.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HOOD shares. Morgan Stanley lowered their price objective on shares of Robinhood Markets from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Robinhood Markets from $9.00 to $11.00 and gave the company a “hold” rating in a research report on Thursday, February 9th. Citigroup downgraded shares of Robinhood Markets from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $11.00 to $10.00 in a research report on Monday, December 12th. JMP Securities reaffirmed a “market outperform” rating and set a $25.00 price objective on shares of Robinhood Markets in a research note on Monday. Finally, Barclays dropped their price target on shares of Robinhood Markets from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, December 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Robinhood Markets currently has a consensus rating of “Hold” and a consensus target price of $11.67.

Robinhood Markets Stock Up 1.2 %

Shares of NASDAQ:HOOD opened at $9.31 on Friday. Robinhood Markets, Inc. has a fifty-two week low of $6.81 and a fifty-two week high of $16.49. The firm has a 50-day simple moving average of $9.75 and a 200 day simple moving average of $9.75. The company has a market cap of $8.34 billion, a PE ratio of -1.33 and a beta of 1.13.

Robinhood Markets (NASDAQ:HOOD – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Robinhood Markets had a negative return on equity of 8.40% and a negative net margin of 131.63%. The company had revenue of $380.00 million during the quarter, compared to analyst estimates of $395.16 million. During the same period in the prior year, the company posted ($0.49) earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Robinhood Markets, Inc. will post -0.72 EPS for the current fiscal year.

Robinhood Markets Profile

(Get Rating)

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.