2 weeks Ago By Defense World Staff
Robinhood Markets, Inc. ( NASDAQ:HOOD – Get Free Report ) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 23,850,000 shares, an increase of 19.
5% from the October 31st total of 19,960,000 shares. Based on an average daily volume of 16,860,000 shares, the days-to-cover ratio is currently 1.4 days.
Currently, 3.9% of the company’s shares are short sold. Insiders Place Their Bets In other news, insider Steven M.
Quirk sold 208,291 shares of Robinhood Markets stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $24.98, for a total transaction of $5,203,109.
18. Following the completion of the transaction, the insider now directly owns 346,020 shares in the company, valued at $8,643,579.60.
This trade represents a 37.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.
33, for a total transaction of $241,625.00. Following the completion of the transaction, the insider now directly owns 1,045,068 shares in the company, valued at approximately $20,201,164.
44. The trade was a 1.18 % decrease in their position.
The disclosure for this sale can be found here . Over the last three months, insiders sold 4,685,549 shares of company stock worth $114,953,194. 19.
95% of the stock is owned by corporate insiders. Hedge Funds Weigh In On Robinhood Markets Several institutional investors have recently bought and sold shares of the business. Baker Avenue Asset Management LP increased its holdings in Robinhood Markets by 77.
9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock worth $10,874,000 after buying an additional 203,354 shares during the period. Bridgewater Associates LP boosted its holdings in Robinhood Markets by 100.
4% in the 3rd quarter. Bridgewater Associates LP now owns 330,956 shares of the company’s stock valued at $7,751,000 after purchasing an additional 165,791 shares during the last quarter. EULAV Asset Management boosted its stake in Robinhood Markets by 22.
2% during the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock worth $12,881,000 after buying an additional 100,000 shares during the period. Blueshift Asset Management LLC boosted its position in Robinhood Markets by 376.
5% in the 3rd quarter. Blueshift Asset Management LLC now owns 144,941 shares of the company’s stock valued at $3,395,000 after buying an additional 114,525 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in Robinhood Markets in the third quarter valued at approximately $770,000.
93.27% of the stock is owned by hedge funds and other institutional investors. Robinhood Markets Price Performance Robinhood Markets ( NASDAQ:HOOD – Get Free Report ) last released its earnings results on Wednesday, October 30th.
The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.
01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.
52%. The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.
53 million. During the same period in the prior year, the firm posted ($0.09) EPS.
The business’s revenue for the quarter was up 36.4% compared to the same quarter last year. As a group, equities analysts expect that Robinhood Markets will post 0.
74 EPS for the current year. Analyst Upgrades and Downgrades A number of research firms have issued reports on HOOD. Morgan Stanley raised shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $24.
00 to $55.00 in a report on Monday, November 25th. The Goldman Sachs Group decreased their price target on Robinhood Markets from $25.
00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Keefe, Bruyette & Woods cut their price objective on Robinhood Markets from $23.
00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Sanford C.
Bernstein boosted their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th.
Finally, JMP Securities lifted their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 12th.
One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $30.59.
View Our Latest Report on HOOD 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.
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