5 hours Ago By Defense World Staff
Robinhood Markets ( NASDAQ:HOOD – Free Report ) had its price target boosted by KeyCorp from $50.00 to $57.00 in a research report sent to investors on Thursday morning, Benzinga reports.
They currently have an overweight rating on the stock. A number of other brokerages have also issued reports on HOOD. Keefe, Bruyette & Woods boosted their target price on Robinhood Markets from $24.
00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Needham & Company LLC reiterated a “buy” rating and issued a $52.
00 price objective (up previously from $40.00) on shares of Robinhood Markets in a report on Monday, December 9th. JPMorgan Chase & Co.
raised Robinhood Markets from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $43.00 in a research note on Tuesday, January 7th.
Sanford C. Bernstein lifted their target price on Robinhood Markets from $30.00 to $51.
00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Citigroup increased their price target on shares of Robinhood Markets from $25.00 to $45.
00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.
com, Robinhood Markets has an average rating of “Moderate Buy” and a consensus target price of $43.73. View Our Latest Report on HOOD Robinhood Markets Trading Down 2.
0 % Robinhood Markets ( NASDAQ:HOOD – Get Free Report ) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $660.53 million. During the same quarter in the prior year, the business earned ($0.
09) earnings per share. Robinhood Markets’s revenue was up 36.4% on a year-over-year basis.
Research analysts predict that Robinhood Markets will post 0.97 EPS for the current year. Insider Buying and Selling In related news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th.
The stock was sold at an average price of $24.21, for a total value of $6,052,500.00.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $47.
82, for a total transaction of $280,990.32. The disclosure for this sale can be found here .
Insiders have sold a total of 4,297,400 shares of company stock valued at $170,630,852 over the last quarter. 19.95% of the stock is currently owned by insiders.
Institutional Inflows and Outflows A number of hedge funds have recently modified their holdings of HOOD. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets in the 4th quarter valued at about $26,000. HM Payson & Co.
raised its stake in Robinhood Markets by 53.5% during the third quarter. HM Payson & Co.
now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares during the period. Eastern Bank acquired a new position in shares of Robinhood Markets in the 3rd quarter valued at $30,000. True Wealth Design LLC purchased a new stake in shares of Robinhood Markets during the 3rd quarter valued at $30,000.
Finally, ORG Wealth Partners LLC acquired a new stake in shares of Robinhood Markets during the 3rd quarter worth $33,000. 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.
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