KeyCorp Boosts Robinhood Markets (NASDAQ:HOOD) Price Target to $22.00

Robinhood Markets (NASDAQ:HOOD) had its price target upped by KeyCorp from $15.00 to $22.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 9.95% from the stock’s current price.

HOOD has been the topic of several other research reports. Redburn Atlantic started coverage on shares of Robinhood Markets in a report on Friday, December 1st. They issued a “neutral” rating and a $9.50 target price on the stock. The Goldman Sachs Group lifted their price target on shares of Robinhood Markets from $10.00 to $11.50 and gave the company a “neutral” rating in a report on Thursday, January 11th. Barclays lifted their price target on shares of Robinhood Markets from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $12.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.04.

Robinhood Markets Stock Performance

HOOD stock opened at $20.01 on Thursday. The company has a market capitalization of $17.50 billion, a PE ratio of -33.35 and a beta of 1.63. Robinhood Markets has a one year low of $7.91 and a one year high of $20.55. The company’s 50 day moving average price is $14.40 and its two-hundred day moving average price is $11.70.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The firm had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $454.73 million. During the same quarter last year, the business earned ($0.19) earnings per share. The business’s revenue was up 23.9% on a year-over-year basis. On average, research analysts predict that Robinhood Markets will post 0.23 EPS for the current year.

Insider Transactions at Robinhood Markets

In other news, insider Baiju Bhatt sold 16,667 shares of Robinhood Markets stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $17.17, for a total value of $286,172.39. Following the completion of the transaction, the insider now owns 36,045 shares of the company’s stock, valued at approximately $618,892.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Robinhood Markets news, insider Baiju Bhatt sold 16,667 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $17.17, for a total value of $286,172.39. Following the completion of the transaction, the insider now owns 36,045 shares of the company’s stock, valued at approximately $618,892.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $10.61, for a total value of $132,625.00. Following the completion of the transaction, the insider now directly owns 738,291 shares of the company’s stock, valued at approximately $7,833,267.51. The disclosure for this sale can be found here. Insiders sold a total of 2,435,027 shares of company stock valued at $34,531,948 in the last quarter. 20.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

A number of hedge funds have recently bought and sold shares of HOOD. Raymond James & Associates raised its position in Robinhood Markets by 30.3% in the 1st quarter. Raymond James & Associates now owns 69,419 shares of the company’s stock worth $938,000 after buying an additional 16,133 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Robinhood Markets during the 1st quarter valued at about $199,000. Bank of New York Mellon Corp grew its stake in shares of Robinhood Markets by 21.9% during the 1st quarter. Bank of New York Mellon Corp now owns 53,868 shares of the company’s stock valued at $727,000 after purchasing an additional 9,661 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Robinhood Markets by 69.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,760 shares of the company’s stock valued at $294,000 after purchasing an additional 8,882 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Robinhood Markets by 38.2% during the 1st quarter. HighTower Advisors LLC now owns 92,318 shares of the company’s stock valued at $1,248,000 after purchasing an additional 25,502 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

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.