Mizuho Has Lowered Expectations for Robinhood Markets (NASDAQ:HOOD) Stock Price

Robinhood Markets (NASDAQ:HOOD) had its price target cut by analysts at Mizuho from $172.00 to $135.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price indicates a potential upside of 77.70% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. Wall Street Zen downgraded shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research note on Saturday. KeyCorp cut their price target on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, February 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Robinhood Markets in a research note on Monday, February 9th. The Goldman Sachs Group dropped their price objective on shares of Robinhood Markets from $152.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, Zacks Research downgraded Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.27.

Robinhood Markets Trading Up 6.8%

HOOD stock opened at $75.97 on Tuesday. Robinhood Markets has a 1-year low of $29.66 and a 1-year high of $153.86. The business’s 50 day moving average is $107.68 and its 200-day moving average is $118.14. The firm has a market cap of $68.31 billion, a P/E ratio of 36.88, a P/E/G ratio of 1.29 and a beta of 2.44.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $1.01 EPS. Robinhood Markets’s revenue was up 26.5% on a year-over-year basis. Sell-side analysts forecast that Robinhood Markets will post 1.35 EPS for the current year.

Insider Activity at Robinhood Markets

In other news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $87.07, for a total value of $870,700.00. Following the transaction, the insider directly owned 393,612 shares in the company, valued at $34,271,796.84. This trade represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 700,939 shares of company stock worth $84,749,747. 19.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HOOD. Hantz Financial Services Inc. raised its stake in shares of 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 last quarter. Valley National Advisers Inc. grew its holdings in 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 acquiring an additional 100 shares during the period. Sound Income Strategies LLC raised its position in shares of 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 acquiring an additional 145 shares during the last quarter. CYBER HORNET ETFs LLC lifted its stake in shares of Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in shares of Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.