1 week Ago By Defense World Staff
Robinhood Markets (NASDAQ:HOOD – Free Report) had its price objective trimmed by JMP Securities from $77.00 to $70.00 in a report released on Tuesday morning,Benzinga reports.
The brokerage currently has a market outperform rating on the stock.Other equities research analysts also recently issued reports about the stock. Raymond James assumed coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th.
They issued a “market perform” rating on the stock. Citigroup dropped their target price on Robinhood Markets from $60.00 to $50.
00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. KeyCorp lifted their price target on Robinhood Markets from $57.00 to $75.
00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Barclays dropped their price objective on Robinhood Markets from $76.00 to $45.
00 and set an “overweight” rating on the stock in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Robinhood Markets from $75.00 to $61.
00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.
06.Check Out Our Latest Stock Report on HOODRobinhood Markets Price PerformanceHOOD opened at $40.51 on Tuesday.
The business has a fifty day moving average price of $46.63 and a 200 day moving average price of $39.35.
Robinhood Markets has a 12 month low of $13.98 and a 12 month high of $66.91.
The stock has a market capitalization of $35.87 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.
05 and a beta of 2.17. Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th.
The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.
13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.
81%. On average, research analysts anticipate that Robinhood Markets will post 1.35 earnings per share for the current year.
Insider Activity at Robinhood MarketsIn other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.
03. Following the completion of the sale, the chief technology officer now directly owns 5,853 shares of the company’s stock, valued at approximately $201,987.03.
This trade represents a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Also, CEO Vladimir Tenev sold 500,000 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total value of $25,385,000.
00. The disclosure for this sale can be found here. Insiders sold a total of 2,651,987 shares of company stock worth $132,806,233 in the last 90 days.
19.95% of the stock is owned by insiders. Institutional Investors Weigh In On Robinhood MarketsHedge funds have recently modified their holdings of the stock.
FMR LLC raised its position in Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company’s stock worth $1,499,248,000 after buying an additional 26,107,934 shares during the last quarter.
Newlands Management Operations LLC raised its holdings in Robinhood Markets by 1.1% during the fourth quarter. Newlands Management Operations LLC now owns 24,158,860 shares of the company’s stock worth $900,159,000 after purchasing an additional 273,860 shares in the last quarter.
State Street Corp lifted its position in Robinhood Markets by 8.7% in the third quarter. State Street Corp now owns 13,558,321 shares of the company’s stock valued at $317,536,000 after purchasing an additional 1,085,679 shares during the period.
Geode Capital Management LLC boosted its holdings in Robinhood Markets by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company’s stock valued at $455,464,000 after purchasing an additional 555,299 shares in the last quarter.
Finally, Renaissance Technologies LLC increased its position in Robinhood Markets by 34.4% during the 4th quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company’s stock worth $450,031,000 after purchasing an additional 3,091,514 shares during the period.
93.27% of the stock is owned by institutional investors and hedge funds. About Robinhood Markets (Get Free Report)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.Recommended StoriesFive stocks we like better than Robinhood MarketsThe Role Economic Reports Play in a Successful Investment StrategyJoby Aviation: Operational Momentum vs.
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