Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $25.00

Robinhood Markets (NASDAQ:HOOD) had its price objective lifted by KeyCorp from $23.00 to $25.00 in a research report report published on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

HOOD has been the topic of a number of other research reports. JMP Securities reissued a market outperform rating and set a $30.00 price objective on shares of Robinhood Markets in a report on Friday, June 7th. Morgan Stanley increased their price objective on shares of Robinhood Markets from $18.00 to $19.00 and gave the stock an equal weight rating in a report on Friday, May 10th. The Goldman Sachs Group increased their price objective on shares of Robinhood Markets from $19.00 to $21.00 and gave the stock a neutral rating in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Robinhood Markets from $19.00 to $20.00 and gave the stock a hold rating in a report on Thursday, June 20th. Finally, Wolfe Research raised shares of Robinhood Markets from a peer perform rating to an outperform rating and set a $29.00 price objective on the stock in a report on Wednesday, June 26th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of Hold and a consensus target price of $21.23.

Robinhood Markets Stock Up 0.0 %

Shares of Robinhood Markets stock opened at $23.42 on Friday. The stock has a market capitalization of $20.58 billion, a P/E ratio of 156.13 and a beta of 1.84. The company has a 50-day simple moving average of $21.88 and a 200 day simple moving average of $17.66. Robinhood Markets has a 12-month low of $7.91 and a 12-month high of $24.88.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.13. The business had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $552.74 million. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The firm’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.57) EPS. On average, equities analysts anticipate that Robinhood Markets will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $17.83, for a total transaction of $222,875.00. Following the transaction, the insider now owns 854,995 shares of the company’s stock, valued at approximately $15,244,560.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $17.83, for a total transaction of $222,875.00. Following the transaction, the insider now owns 854,995 shares of the company’s stock, valued at approximately $15,244,560.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 25,049 shares of Robinhood Markets stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $17.04, for a total transaction of $426,834.96. Following the transaction, the chief executive officer now directly owns 32,584 shares in the company, valued at approximately $555,231.36. The disclosure for this sale can be found here. Insiders have sold 1,443,642 shares of company stock valued at $29,431,117 in the last 90 days. 19.95% of the stock is owned by insiders.

Institutional Trading of Robinhood Markets

Hedge funds have recently bought and sold shares of the stock. ORG Partners LLC acquired a new stake in Robinhood Markets during the 2nd quarter worth approximately $33,000. Allspring Global Investments Holdings LLC acquired a new stake in Robinhood Markets during the 1st quarter worth approximately $34,000. Opal Wealth Advisors LLC acquired a new stake in Robinhood Markets during the 2nd quarter worth approximately $45,000. Spire Wealth Management acquired a new stake in Robinhood Markets during the 4th quarter worth approximately $26,000. Finally, PNC Financial Services Group Inc. raised its holdings in Robinhood Markets by 46.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after buying an additional 722 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

About Robinhood Markets

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.