Robinhood Markets, Inc. (NASDAQ:HOOD) Receives $18.88 Consensus PT from Brokerages

Robinhood Markets, Inc. (NASDAQ:HOOD) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $18.88.

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Robinhood Markets from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Citigroup cut Robinhood Markets from a “neutral” rating to a “sell” rating and increased their price target for the company from $13.00 to $16.00 in a report on Thursday, April 11th. Morgan Stanley boosted their price objective on Robinhood Markets from $11.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price target on Robinhood Markets from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods started coverage on shares of Robinhood Markets in a research report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 price objective for the company.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $17.95 on Wednesday. The firm has a fifty day moving average of $17.63 and a 200 day moving average of $13.13. The firm has a market cap of $15.70 billion, a PE ratio of -29.92 and a beta of 1.74. Robinhood Markets has a one year low of $7.91 and a one year high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The company had revenue of $471.00 million during the quarter, compared to analyst estimates of $454.73 million. During the same period in the previous year, the business earned ($0.19) EPS. Robinhood Markets’s quarterly revenue was up 23.9% on a year-over-year basis. On average, equities analysts predict that Robinhood Markets will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets 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 SEC, which is accessible through the SEC website. In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction on Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $132,625.00. Following the completion of the sale, the insider now owns 738,291 shares of the company’s stock, valued at approximately $7,833,267.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $10.61, for a total transaction of $2,652,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,413,026 shares of company stock valued at $37,007,017 over the last quarter. Corporate insiders own 20.81% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HOOD. Spire Wealth Management acquired a new position in Robinhood Markets in the fourth quarter valued at approximately $26,000. Peoples Bank KS bought a new position in Robinhood Markets during the third quarter worth about $29,000. PNC Financial Services Group Inc. raised its position in shares of Robinhood Markets by 46.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of Robinhood Markets during the 3rd quarter worth about $30,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Robinhood Markets in the 1st quarter valued at about $34,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Company Profile

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.