Robinhood Markets, Inc. (NASDAQ:HOOD) Receives Average Rating of “Moderate Buy” from Analysts

Robinhood Markets, Inc. (NASDAQ:HOOD) has earned an average rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $126.9545.

A number of equities analysts have recently weighed in on HOOD shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Robinhood Markets in a research note on Monday, December 22nd. The Goldman Sachs Group lowered their price objective on Robinhood Markets from $152.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Loop Capital set a $130.00 target price on Robinhood Markets in a report on Monday, February 9th. Keefe, Bruyette & Woods boosted their target price on shares of Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Finally, Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $75.97 on Tuesday. The stock has a market cap of $68.31 billion, a PE ratio of 36.88, a P/E/G ratio of 1.29 and a beta of 2.44. The firm has a 50-day moving average of $107.68 and a 200-day moving average of $118.14. Robinhood Markets has a 52-week low of $29.66 and a 52-week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. Robinhood Markets’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 EPS. As a group, analysts predict that Robinhood Markets will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 52,540 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the transaction, the insider owned 27,564 shares in the company, valued at $2,420,394.84. This trade represents a 65.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction on Monday, January 5th. The shares were sold at an average price of $121.63, for a total value of $45,611,250.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 700,939 shares of company stock valued at $84,749,747 over the last ninety days. Company insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HOOD. Hantz Financial Services Inc. increased its holdings in Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after buying an additional 148 shares during the period. Valley National Advisers Inc. boosted its position 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 acquiring an additional 100 shares in the last quarter. Sound Income Strategies LLC increased its stake in Robinhood Markets by 152.6% in the fourth 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 raised its position in Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in Robinhood Markets by 107.6% during the third 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 in the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

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.