1 week Ago By ABMN Staff
Robinhood Markets ( NASDAQ:HOOD – Free Report ) had its price target cut by JMP Securities from $77.00 to $70.00 in a research note issued to investors on Tuesday morning, Benzinga reports.
They currently have a market outperform rating on the stock. A number of other research firms also recently commented on HOOD. Mizuho boosted their target price on Robinhood Markets from $60.
00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays decreased their price objective on shares of Robinhood Markets from $76.
00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday. Piper Sandler raised their target price on shares of Robinhood Markets from $54.
00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Cantor Fitzgerald initiated coverage on shares of Robinhood Markets in a report on Thursday, March 6th.
They issued an “overweight” rating and a $69.00 price target on the stock. Finally, Needham & Company LLC dropped their price objective on shares of Robinhood Markets from $70.
00 to $62.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.06.
View Our Latest Research Report on HOOD Robinhood Markets Stock Down 4.0 % Robinhood Markets ( NASDAQ:HOOD – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.
54 earnings per share (EPS) 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 research analysts expect that Robinhood Markets will post 1.35 EPS for the current fiscal year. Insider Activity at Robinhood Markets In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction that occurred on Monday, April 7th.
The shares were sold at an average price of $34.51, for a total value of $201,987.03.
Following the completion of the sale, the chief technology officer now directly owns 5,853 shares in the company, valued at approximately $201,987.03. The trade was a 50.
00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, Director Baiju Bhatt sold 522,180 shares of the company’s stock in a transaction that occurred on Thursday, February 13th.
The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00.
Following the transaction, the director now directly owns 5,042 shares of the company’s stock, valued at $316,133.40. This trade represents a 99.
04 % decrease in their position. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 2,651,987 shares of company stock worth $132,806,233.
19.95% of the stock is currently owned by insiders. Institutional Trading of Robinhood Markets Institutional investors have recently made changes to their positions in the stock.
FMR LLC raised its position in shares of Robinhood Markets by 184.8% in 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 period.
Norges Bank acquired a new stake in Robinhood Markets during the fourth quarter worth about $329,598,000. GQG Partners LLC purchased a new position in shares of Robinhood Markets in the 4th quarter worth about $302,325,000. Artisan Partners Limited Partnership acquired a new position in shares of Robinhood Markets in the 4th quarter valued at about $152,949,000.
Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Robinhood Markets by 335.6% during the 4th quarter.
Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company’s stock worth $193,202,000 after purchasing an additional 3,994,745 shares during the period. 93.
27% of the stock is owned by hedge funds and other institutional investors. 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. Recommended Stories Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter .
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