KeyCorp Cuts Robinhood Markets (NASDAQ:HOOD) Price Target to $130.00

Robinhood Markets (NASDAQ:HOOD) had its price objective reduced by research analysts at KeyCorp from $160.00 to $130.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 56.97% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Argus began coverage on Robinhood Markets in a report on Friday, January 9th. They issued a “buy” rating and a $145.00 target price for the company. CICC Research assumed coverage on shares of Robinhood Markets in a research report on Monday, October 27th. They issued an “outperform” rating and a $155.00 price target for the company. Cantor Fitzgerald upgraded shares of Robinhood Markets to a “strong-buy” rating in a report on Tuesday, January 27th. Loop Capital set a $152.00 price objective on shares of Robinhood Markets in a research note on Thursday, December 11th. Finally, Mizuho lifted their target price on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $133.82.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $82.82 on Monday. The company has a market cap of $74.47 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 1.30 and a beta of 2.44. Robinhood Markets has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The stock has a fifty day moving average price of $113.99 and a 200-day moving average price of $119.21.

Insider Buying and Selling at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $87.07, for a total transaction of $870,700.00. Following the transaction, the insider directly owned 393,612 shares of the company’s stock, valued at approximately $34,271,796.84. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.63, for a total value of $45,611,250.00. The SEC filing for this sale provides additional information. Insiders sold 1,537,615 shares of company stock valued at $182,272,702 in the last three months. 19.95% of the stock is owned by company insiders.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently made changes to their positions in HOOD. Vanguard Group Inc. increased its holdings in Robinhood Markets by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock worth $10,831,756,000 after buying an additional 1,334,443 shares in the last quarter. State Street Corp boosted its holdings in shares of Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after acquiring an additional 16,375,734 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Robinhood Markets by 4.0% in the second quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock worth $1,233,840,000 after acquiring an additional 507,926 shares during the period. WCM Investment Management LLC raised its holdings in shares of Robinhood Markets by 3,615.7% during the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after purchasing an additional 11,244,182 shares during the last quarter. Finally, Norges Bank bought a new position in Robinhood Markets during the second quarter valued at approximately $973,122,000. Hedge funds and other 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.