4 hours Ago By ABMN Staff
Robinhood Markets ( NASDAQ:HOOD – Free Report ) had its target price lifted by KeyCorp from $50.00 to $57.00 in a research note released on Thursday, Benzinga reports.
The brokerage currently has an overweight rating on the stock. A number of other equities analysts have also recently weighed in on the stock. JMP Securities upped their price objective on shares of Robinhood Markets from $33.
00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on Robinhood Markets from $36.
00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Piper Sandler raised their price target on shares of Robinhood Markets from $36.
00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Barclays increased their price objective on shares of Robinhood Markets from $49.
00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $52.
00 target price (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.73.
Get Our Latest Report on HOOD Robinhood Markets Price Performance Robinhood Markets ( NASDAQ:HOOD – Get Free Report ) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) 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 firm had revenue of $637.
00 million during the quarter, compared to analyst estimates of $660.53 million. During the same period last year, the business earned ($0.
09) EPS. The firm’s revenue was up 36.4% compared to the same quarter last year.
Research analysts expect that Robinhood Markets will post 0.97 EPS for the current fiscal year. Insider Activity In other news, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction that occurred on Monday, November 4th.
The shares were sold at an average price of $24.21, for a total value of $6,052,500.00.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $47.
82, for a total value of $280,990.32. The disclosure for this sale can be found here .
Over the last ninety days, insiders have sold 4,297,400 shares of company stock valued at $170,630,852. Company insiders own 19.95% of the company’s stock.
Institutional Inflows and Outflows Large investors have recently bought and sold shares of the company. HM Payson & Co. lifted its holdings in Robinhood Markets by 53.
5% in the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares during the last quarter.
Commerce Bank lifted its stake in Robinhood Markets by 3.3% during the third quarter. Commerce Bank now owns 13,245 shares of the company’s stock valued at $310,000 after purchasing an additional 423 shares during the last quarter.
Signaturefd LLC boosted its holdings in Robinhood Markets by 16.5% during the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock worth $80,000 after buying an additional 487 shares in the last quarter.
Spire Wealth Management grew its position in Robinhood Markets by 104.6% in the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after buying an additional 549 shares during the last quarter.
Finally, Castleview Partners LLC increased its holdings in shares of Robinhood Markets by 18.2% in the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after buying an additional 582 shares in the last quarter.
Institutional investors own 93.27% of the company’s stock. 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. Featured Articles 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.
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