Analysts Set Robinhood Markets, Inc. (NASDAQ:HOOD) PT at $136.62

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) have been given an average rating of “Moderate Buy” by the twenty-five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $136.6190.

HOOD has been the topic of several research reports. Barclays reduced their target price on Robinhood Markets from $171.00 to $159.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Compass Point restated a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. Piper Sandler reaffirmed an “overweight” rating on shares of Robinhood Markets in a report on Monday, January 5th. Truist Financial began coverage on Robinhood Markets in a research report on Wednesday, December 17th. They set a “buy” rating and a $155.00 target price for the company. Finally, Citizens Jmp boosted their price target on shares of Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, November 7th.

Insider Transactions at Robinhood Markets

In related news, insider Steven M. Quirk sold 49,942 shares of Robinhood Markets stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total value of $6,549,893.30. Following the completion of the transaction, the insider owned 54,496 shares in the company, valued at approximately $7,147,150.40. This trade represents a 47.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.58, for a total value of $1,215,800.00. Following the sale, the insider directly owned 403,612 shares in the company, valued at $49,071,146.96. The trade was a 2.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,878,425 shares of company stock worth $358,332,025. 14.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

Large investors have recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its stake in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after buying an additional 148 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Sound Income Strategies LLC grew its holdings in Robinhood Markets by 152.6% during the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Finally, Smithfield Trust Co purchased a new stake in Robinhood Markets in the 2nd quarter worth about $29,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $106.25 on Friday. The firm’s 50 day moving average price is $119.26 and its 200-day moving average price is $119.41. Robinhood Markets has a 1 year low of $29.66 and a 1 year high of $153.86. The stock has a market cap of $95.54 billion, a P/E ratio of 44.09, a PEG ratio of 1.66 and a beta of 2.44.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.20. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. Robinhood Markets’s quarterly revenue was up 100.0% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. As a group, equities analysts expect that Robinhood Markets will post 1.35 EPS for the current year.

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.