Robinhood Markets, Inc. (NASDAQ:HOOD) Receives Consensus Rating of “Hold” from Analysts

Robinhood Markets, Inc. (NASDAQ:HOODGet Rating) has received an average rating of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $21.02.

A number of brokerages have recently commented on HOOD. Citigroup cut their target price on shares of Robinhood Markets from $51.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, January 31st. Rosenblatt Securities cut their target price on shares of Robinhood Markets from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, January 28th. Bank of America cut their target price on shares of Robinhood Markets from $22.00 to $13.00 and set an “underperform” rating on the stock in a research note on Monday, January 31st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Robinhood Markets from $11.00 to $10.00 in a report on Friday, April 29th. Finally, Wolfe Research lowered their price target on shares of Robinhood Markets from $15.00 to $10.00 in a report on Friday, April 29th.

Shares of NASDAQ HOOD traded up $2.13 on Friday, hitting $10.69. The company’s stock had a trading volume of 48,499,945 shares, compared to its average volume of 18,407,126. Robinhood Markets has a 12-month low of $7.71 and a 12-month high of $85.00. The company has a market capitalization of $9.28 billion and a price-to-earnings ratio of -0.97. The stock has a 50 day moving average of $11.59 and a 200-day moving average of $17.11.

Robinhood Markets (NASDAQ:HOODGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.17). The firm had revenue of $299.00 million during the quarter, compared to analyst estimates of $357.21 million. Robinhood Markets had a negative net margin of 203.12% and a negative return on equity of 33.63%. Robinhood Markets’s revenue was down 42.7% compared to the same quarter last year. On average, sell-side analysts forecast that Robinhood Markets will post -1.33 earnings per share for the current fiscal year.

In other Robinhood Markets news, CEO Vladimir Tenev sold 115,026 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $10.14, for a total transaction of $1,166,363.64. Following the sale, the chief executive officer now directly owns 1,262,013 shares in the company, valued at approximately $12,796,811.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Warnick sold 20,000 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $9.70, for a total transaction of $194,000.00. Following the sale, the chief financial officer now owns 397,232 shares in the company, valued at $3,853,150.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 323,309 shares of company stock worth $3,376,871.

Hedge funds have recently added to or reduced their stakes in the business. NEA Management Company LLC acquired a new position in shares of Robinhood Markets in the 3rd quarter worth approximately $3,148,358,000. Vanguard Group Inc. grew its stake in shares of Robinhood Markets by 7,430.5% in the 1st quarter. Vanguard Group Inc. now owns 40,217,187 shares of the company’s stock worth $543,334,000 after purchasing an additional 39,683,128 shares during the last quarter. Ribbit Capital GP II Ltd. acquired a new position in shares of Robinhood Markets in the 4th quarter worth approximately $470,317,000. Thrive Capital Management LLC acquired a new position in shares of Robinhood Markets in the 3rd quarter worth approximately $858,893,000. Finally, ARK Investment Management LLC grew its stake in shares of Robinhood Markets by 141.5% in the 4th quarter. ARK Investment Management LLC now owns 23,847,924 shares of the company’s stock worth $423,539,000 after purchasing an additional 13,971,123 shares during the last quarter. Institutional investors own 64.46% of the company’s stock.

About Robinhood Markets (Get Rating)

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.

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Analyst Recommendations for Robinhood Markets (NASDAQ:HOOD)

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