Robinhood Markets (NASDAQ:HOOD) Coverage Initiated by Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods started coverage on shares of Robinhood Markets (NASDAQ:HOODFree Report) in a research report released on Wednesday morning, Marketbeat reports. The firm issued a market perform rating and a $20.00 price target on the stock.

Several other research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Robinhood Markets from $12.00 to $16.00 and gave the stock a hold rating in a report on Tuesday, March 19th. Piper Sandler raised their target price on shares of Robinhood Markets from $11.50 to $12.50 and gave the stock a neutral rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. raised their target price on shares of Robinhood Markets from $10.00 to $12.00 and gave the stock an underweight rating in a report on Wednesday, February 14th. Barclays raised their target price on shares of Robinhood Markets from $10.00 to $11.00 and gave the stock an underweight rating in a report on Wednesday, February 14th. Finally, KeyCorp raised their target price on shares of Robinhood Markets from $15.00 to $22.00 and gave the stock an overweight rating in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $16.35.

Read Our Latest Stock Analysis on HOOD

Robinhood Markets Trading Up 0.1 %

NASDAQ:HOOD opened at $19.21 on Wednesday. Robinhood Markets has a twelve month low of $7.91 and a twelve month high of $20.55. The company has a 50-day moving average of $15.28 and a 200-day moving average of $12.01. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of -32.02 and a beta of 1.69.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The company had revenue of $471.00 million during the quarter, compared to analyst estimates of $454.73 million. During the same quarter last year, the firm posted ($0.19) EPS. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, research analysts forecast that Robinhood Markets will post 0.23 earnings per share for the current year.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $2,652,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $10.61, for a total transaction of $2,652,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven M. Quirk sold 60,895 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $14.43, for a total transaction of $878,714.85. Following the transaction, the insider now directly owns 350,769 shares in the company, valued at approximately $5,061,596.67. The disclosure for this sale can be found here. Insiders sold 2,185,027 shares of company stock valued at $31,565,248 over the last three months. 20.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in Robinhood Markets by 46.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after acquiring an additional 722 shares in the last quarter. Commerce Bank raised its position in shares of Robinhood Markets by 7.9% in the fourth quarter. Commerce Bank now owns 12,459 shares of the company’s stock valued at $159,000 after purchasing an additional 917 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Robinhood Markets by 4.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 23,642 shares of the company’s stock valued at $310,000 after purchasing an additional 1,060 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Robinhood Markets by 3.8% in the third quarter. Commonwealth Equity Services LLC now owns 29,314 shares of the company’s stock valued at $296,000 after purchasing an additional 1,082 shares during the period. Finally, Creative Planning raised its position in shares of Robinhood Markets by 6.1% in the fourth quarter. Creative Planning now owns 19,830 shares of the company’s stock valued at $161,000 after purchasing an additional 1,146 shares during the period. Institutional investors own 93.27% of the company’s stock.

About Robinhood Markets

(Get Free Report)

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.

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Analyst Recommendations for Robinhood Markets (NASDAQ:HOOD)

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