Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $38.31, for a total value of $957,750.00. Following the completion of the sale, the insider now owns 822,825 shares of the company's stock, valued at $31,522,425.75. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Robinhood Markets Stock Performance
Robinhood Markets stock opened at $34.17 on Wednesday. The stock has a 50-day simple moving average of $47.26 and a 200 day simple moving average of $39.07. The stock has a market capitalization of $30.26 billion, a P/E ratio of 21.76, a PEG ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.
Institutional Trading of Robinhood Markets
A number of hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors raised its holdings in Robinhood Markets by 31.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,942 shares of the company's stock valued at $444,000 after acquiring an additional 4,487 shares during the period. Quantinno Capital Management LP grew its position in shares of Robinhood Markets by 45.6% in 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 last quarter. State Street Corp increased its stake in shares of Robinhood Markets by 8.7% during the third quarter. State Street Corp now owns 13,558,321 shares of the company's stock worth $317,536,000 after purchasing an additional 1,085,679 shares during the period. MML Investors Services LLC lifted its holdings in Robinhood Markets by 58.0% during the 3rd 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 during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Robinhood Markets in the 3rd quarter valued at $1,965,000. Institutional investors and hedge funds own 93.27% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. JMP Securities dropped their target price on shares of Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating on the stock in a report on Tuesday. Citigroup cut their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Barclays lowered their target price on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a report on Monday. Cantor Fitzgerald began coverage on Robinhood Markets in a report on Thursday, March 6th. They issued an "overweight" rating and a $69.00 price target on the stock. Finally, Morgan Stanley downgraded Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price objective for the company. in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.06.
Check Out Our Latest Research Report on Robinhood Markets
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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