Robinhood Markets (NASDAQ:HOOD) PT Lowered to $22.00 at Keefe, Bruyette & Woods

Robinhood Markets (NASDAQ:HOOD) had its target price decreased by Keefe, Bruyette & Woods from $23.00 to $22.00 in a research report report published on Thursday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

HOOD has been the topic of several other research reports. Piper Sandler increased their price target on Robinhood Markets from $18.00 to $20.00 and gave the company a neutral rating in a report on Tuesday, July 9th. Needham & Company LLC restated a hold rating on shares of Robinhood Markets in a report on Thursday. KeyCorp lifted their price target on shares of Robinhood Markets from $23.00 to $25.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Morgan Stanley increased their price objective on shares of Robinhood Markets from $18.00 to $19.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. Finally, Bank of America upgraded Robinhood Markets from an underperform rating to a buy rating and boosted their target price for the company from $14.00 to $24.00 in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of $21.70.

Robinhood Markets Stock Up 1.1 %

Robinhood Markets stock traded up $0.19 during mid-day trading on Thursday, reaching $17.92. 17,129,013 shares of the company’s stock traded hands, compared to its average volume of 16,360,838. Robinhood Markets has a 12-month low of $7.91 and a 12-month high of $24.88. The stock has a 50 day moving average of $21.73 and a two-hundred day moving average of $18.36. The company has a market cap of $15.75 billion, a price-to-earnings ratio of 119.47 and a beta of 1.83.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.06. The firm had revenue of $682.00 million for the quarter, compared to analysts’ expectations of $640.39 million. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The business’s revenue was up 40.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 EPS. As a group, sell-side analysts forecast that Robinhood Markets will post 0.57 earnings per share for the current year.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $21.05, for a total transaction of $263,125.00. Following the completion of the sale, the insider now owns 943,815 shares in the company, valued at $19,867,305.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Vladimir Tenev sold 47,570 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $21.12, for a total transaction of $1,004,678.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $21.05, for a total transaction of $263,125.00. Following the completion of the sale, the insider now owns 943,815 shares of the company’s stock, valued at $19,867,305.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,247,913 shares of company stock worth $25,680,423. Corporate insiders own 19.95% of the company’s stock.

Institutional Trading of Robinhood Markets

Several hedge funds and other institutional investors have recently made changes to their positions in HOOD. Vanguard Group Inc. raised its stake in Robinhood Markets by 1.8% in the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock valued at $1,143,960,000 after buying an additional 1,003,535 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of Robinhood Markets by 21,404.0% during the first quarter. Banque Cantonale Vaudoise now owns 96,768 shares of the company’s stock valued at $1,948,000 after acquiring an additional 96,318 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Robinhood Markets by 87.1% during the first quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock valued at $117,000 after acquiring an additional 2,700 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Robinhood Markets in the 4th quarter valued at approximately $8,299,000. Finally, Strs Ohio purchased a new stake in Robinhood Markets during the 4th quarter worth approximately $750,000. Hedge funds and other 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.