Robinhood Markets (NASDAQ:HOOD) Given New $138.00 Price Target at Deutsche Bank Aktiengesellschaft

Robinhood Markets (NASDAQ:HOOD) had its target price raised by research analysts at Deutsche Bank Aktiengesellschaft from $136.00 to $138.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 20.74% from the stock’s previous close.

HOOD has been the subject of a number of other research reports. Wall Street Zen upgraded Robinhood Markets from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Piper Sandler restated an “overweight” rating and issued a $145.00 price objective (up from $135.00) on shares of Robinhood Markets in a research report on Wednesday, September 2nd. Citigroup reissued a “market outperform” rating on shares of Robinhood Markets in a research note on Thursday, May 28th. Benchmark upgraded Robinhood Markets to a “strong-buy” rating in a report on Wednesday, September 9th. Finally, Mizuho lifted their price objective on Robinhood Markets from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.88.

Robinhood Markets Stock Up 1.5%

Shares of NASDAQ HOOD traded up $1.72 on Monday, hitting $114.29. The company had a trading volume of 11,942,362 shares, compared to its average volume of 27,624,928. The firm has a market capitalization of $102.76 billion, a P/E ratio of 50.35, a PEG ratio of 2.30 and a beta of 2.34. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. Robinhood Markets has a 12-month low of $63.51 and a 12-month high of $153.86. The business has a 50 day moving average of $103.62 and a two-hundred day moving average of $89.80.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The firm’s revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, equities research analysts forecast that Robinhood Markets will post 2.11 earnings per share for the current fiscal year.

Insider Activity

In other Robinhood Markets news, insider Steven M. Quirk sold 24,416 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total transaction of $2,937,977.28. Following the completion of the sale, the insider directly owned 77,839 shares of the company’s stock, valued at approximately $9,366,366.87. This represents a 23.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula Loop sold 8,336 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $120.00, for a total value of $1,000,320.00. Following the completion of the sale, the director directly owned 63,674 shares of the company’s stock, valued at approximately $7,640,880. The trade was a 11.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 566,276 shares of company stock valued at $63,721,282 over the last three months. 13.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. California State Teachers Retirement System grew its position in shares of Robinhood Markets by 9,976.4% during the 2nd quarter. California State Teachers Retirement System now owns 113,132,988 shares of the company’s stock worth $11,344,976,000 after buying an additional 112,010,233 shares during the period. State Street Corp increased its position in Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after buying an additional 16,375,734 shares during the last quarter. Norges Bank bought a new position in shares of Robinhood Markets in the fourth quarter valued at about $1,202,160,000. Bank of New York Mellon Corp bought a new position in Robinhood Markets in the 2nd quarter valued at about $379,695,000. Finally, Amundi boosted its stake in Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after purchasing an additional 3,007,103 shares during the period. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.