1 week Ago By Defense World Staff
Morgan Stanley downgraded shares of Robinhood Markets (NASDAQ:HOOD – Free Report) from an overweight rating to an equal weight rating in a research note issued to investors on Tuesday morning, MarketBeat.com reports. Morgan Stanley currently has $40.
00 target price on the stock.Several other equities analysts have also recently commented on HOOD. JMP Securities upped their price target on Robinhood Markets from $60.
00 to $77.00 and gave the company a “market outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co.
raised their target price on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th.
Compass Point assumed coverage on shares of Robinhood Markets in a report on Wednesday, March 19th. They issued a “buy” rating and a $61.00 price target on the stock.
Barclays reduced their price objective on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating for the company in a report on Monday.
Finally, Needham & Company LLC lowered their target price on shares of Robinhood Markets from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, March 28th.
Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $55.
06.Get Our Latest Stock Analysis on Robinhood MarketsRobinhood Markets Trading Down 4.0 %HOOD opened at $40.
51 on Tuesday. The business has a 50 day moving average of $46.63 and a 200-day moving average of $39.
35. The stock has a market capitalization of $35.87 billion, a price-to-earnings ratio of 25.
80, a P/E/G ratio of 1.05 and a beta of 2.17.
Robinhood Markets has a 1-year low of $13.98 and a 1-year high of $66.91.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
41 by $0.13. Robinhood Markets had a net margin of 47.
81% and a return on equity of 13.53%. Equities analysts predict that Robinhood Markets will post 1.
35 EPS for the current year. Insider ActivityIn other Robinhood Markets news, Director Baiju Bhatt sold 90,866 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $45.
27, for a total value of $4,113,503.82. Following the transaction, the director now directly owns 5,042 shares of the company’s stock, valued at approximately $228,251.
34. This trade represents a 94.74 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $34.
51, for a total transaction of $201,987.03. Following the sale, the chief technology officer now owns 5,853 shares of the company’s stock, valued at $201,987.
03. The trade was a 50.00 % decrease in their position.
The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,651,987 shares of company stock valued at $132,806,233. Company insiders own 19.
95% of the company’s stock. Institutional Investors Weigh In On Robinhood MarketsA number of institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its holdings in Robinhood Markets by 31.
0% during the third quarter. Captrust Financial Advisors now owns 18,942 shares of the company’s stock worth $444,000 after buying an additional 4,487 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Robinhood Markets by 45.
6% during the third quarter. Quantinno Capital Management LP now owns 37,867 shares of the company’s stock valued at $887,000 after purchasing an additional 11,859 shares during the period. State Street Corp increased its stake 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 in the last quarter. MML Investors Services LLC boosted its position in shares of Robinhood Markets by 58.
0% during the third quarter. MML Investors Services LLC now owns 51,839 shares of the company’s stock worth $1,214,000 after purchasing an additional 19,027 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Robinhood Markets in the 3rd quarter valued at $1,965,000.
93.27% of the stock is owned by institutional investors and hedge funds. Robinhood Markets Company Profile (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.See AlsoFive stocks we like better than Robinhood MarketsShould You Add These Warren Buffett Stocks to Your Portfolio?Joby Aviation: Operational Momentum vs.
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