Robinhood Markets (NASDAQ:HOOD) Trading Down 3.5% – Time to Sell?

Robinhood Markets, Inc. (NASDAQ:HOOD) shares dropped 3.5% during mid-day trading on Monday . The stock traded as low as $114.10 and last traded at $115.26. Approximately 28,184,838 shares were traded during trading, a decline of 28% from the average daily volume of 39,194,059 shares. The stock had previously closed at $119.50.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Compass Point restated a “buy” rating on shares of Robinhood Markets in a research note on Monday, October 27th. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. Keefe, Bruyette & Woods raised their price objective on shares of Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. CICC Research started coverage on shares of Robinhood Markets in a research report on Monday, October 27th. They set an “outperform” rating and a $155.00 target price on the stock. Finally, Bank of America dropped their price target on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.32.

Robinhood Markets Trading Down 3.5%

The stock has a market capitalization of $103.64 billion, a P/E ratio of 47.83, a P/E/G ratio of 2.40 and a beta of 2.43. The firm’s fifty day moving average is $132.04 and its 200-day moving average is $112.37.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. Robinhood Markets’s quarterly revenue was up 100.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insiders Place Their Bets

In related news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the transaction, the insider owned 430,012 shares in the company, valued at $56,817,485.56. This represents a 21.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. The SEC filing for this sale provides additional information. Insiders sold a total of 3,686,763 shares of company stock worth $475,858,262 in the last three months. Company insiders own 19.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. boosted its position 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 last quarter. Valley National Advisers Inc. raised its position in shares of Robinhood Markets by 113.6% during the third 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 last quarter. Golden State Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 99 shares during the period. Smithfield Trust Co bought a new position in Robinhood Markets in the second quarter valued at about $29,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Robinhood Markets in the third quarter worth about $29,000. Institutional investors own 93.27% of the company’s stock.

About Robinhood Markets

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.