Robinhood Markets (NASDAQ:HOOD) Stock Price Up 1.9%

Robinhood Markets, Inc. (NASDAQ:HOOD) shot up 1.9% on Monday . The stock traded as high as $22.40 and last traded at $21.30. 12,106,287 shares were traded during mid-day trading, a decline of 25% from the average session volume of 16,128,997 shares. The stock had previously closed at $20.90.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of recent research reports. Citigroup cut Robinhood Markets from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $13.00 to $16.00 in a report on Thursday, April 11th. The Goldman Sachs Group upped their target price on shares of Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. TheStreet raised shares of Robinhood Markets from a “d+” rating to a “c-” rating in a report on Wednesday, February 28th. Barclays lifted their price objective on Robinhood Markets from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Thursday, May 9th. Finally, Mizuho raised their price target on Robinhood Markets from $20.00 to $21.00 and gave the company a “buy” rating in a report on Monday, May 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Robinhood Markets currently has an average rating of “Hold” and an average price target of $19.75.

Robinhood Markets Trading Up 3.8 %

The stock has a fifty day moving average of $18.64 and a two-hundred day moving average of $14.87. The company has a market capitalization of $18.96 billion, a PE ratio of 141.93 and a beta of 1.83.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.05 by $0.13. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The firm had revenue of $618.00 million for the quarter, compared to the consensus estimate of $552.74 million. During the same period last year, the firm posted ($0.57) earnings per share. The business’s revenue was up 40.1% compared to the same quarter last year. Equities analysts forecast that Robinhood Markets, Inc. will post 0.53 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $18.67, for a total transaction of $4,667,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.67, for a total value of $4,667,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Warnick sold 5,000 shares of Robinhood Markets stock in a transaction on Monday, April 1st. The stock was sold at an average price of $19.59, for a total transaction of $97,950.00. Following the completion of the transaction, the chief financial officer now directly owns 1,002,407 shares in the company, valued at $19,637,153.13. The disclosure for this sale can be found here. Insiders sold 1,271,851 shares of company stock valued at $23,234,544 over the last three months. Insiders own 19.95% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

A number of large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in Robinhood Markets in the first quarter valued at $34,000. Spire Wealth Management purchased a new stake in shares of Robinhood Markets in the 4th quarter worth about $26,000. PNC Financial Services Group Inc. boosted its stake in shares of Robinhood Markets by 46.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Robinhood Markets during the third quarter valued at about $30,000. Finally, SageView Advisory Group LLC bought a new position in Robinhood Markets in the first quarter worth about $84,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.