Robinhood Markets (NASDAQ:HOOD) Hits New 1-Year High at $19.42

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $19.42 and last traded at $19.20, with a volume of 7419790 shares changing hands. The stock had previously closed at $18.56.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HOOD. Sanford C. Bernstein began coverage on Robinhood Markets in a report on Thursday, March 14th. They issued an "outperform" rating and a $30.00 price objective for the company. TheStreet upgraded Robinhood Markets from a "d+" rating to a "c-" rating in a report on Wednesday, February 28th. Morgan Stanley reduced their price target on Robinhood Markets from $12.00 to $11.00 and set an "equal weight" rating for the company in a report on Friday, November 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Robinhood Markets from $12.00 to $16.00 and gave the stock a "hold" rating in a report on Tuesday. Finally, Barclays lifted their price target on Robinhood Markets from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.46.

View Our Latest Stock Report on HOOD

Robinhood Markets Stock Up 2.9 %

The company has a market cap of $16.70 billion, a P/E ratio of -31.82 and a beta of 1.63. The business has a fifty day moving average price of $13.74 and a 200-day moving average price of $11.46.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The company had revenue of $471.00 million during the quarter, compared to analysts' expectations of $454.73 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The business's revenue was up 23.9% on a year-over-year basis. As a group, research analysts expect that Robinhood Markets, Inc. will post 0.23 earnings per share for the current year.

Insider Activity

In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the business's stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $12.01, for a total transaction of $3,002,500.00. Following the completion of the transaction, the chief executive officer now directly owns 41,134 shares in the company, valued at $494,019.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Robinhood Markets news, insider Baiju Bhatt sold 482,667 shares of the company's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.10, for a total transaction of $7,288,271.70. Following the sale, the insider now owns 36,045 shares of the company's stock, valued at $544,279.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the company's stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $12.01, for a total transaction of $3,002,500.00. Following the transaction, the chief executive officer now owns 41,134 shares in the company, valued at approximately $494,019.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,435,027 shares of company stock worth $34,531,948. Corporate insiders own 20.81% of the company's stock.

Institutional Investors Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently made changes to their positions in the business. Spire Wealth Management purchased a new stake in Robinhood Markets in the 4th quarter valued at about $26,000. Covestor Ltd bought a new position in shares of Robinhood Markets during the 1st quarter valued at approximately $28,000. Peoples Bank KS bought a new position in shares of Robinhood Markets during the 3rd quarter valued at approximately $29,000. UniSuper Management Pty Ltd bought a new position in shares of Robinhood Markets during the 3rd quarter valued at approximately $30,000. Finally, Quantbot Technologies LP bought a new position in shares of Robinhood Markets during the 2nd quarter valued at approximately $28,000. Institutional investors and hedge funds own 58.98% 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.

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