Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) 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 sale, the insider now owns 854,995 shares in the company, valued at approximately $15,244,560.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Robinhood Markets Price Performance
Shares of NASDAQ:HOOD opened at $17.99 on Wednesday. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $20.55. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of -29.98 and a beta of 1.74. The stock's 50 day moving average price is $17.75 and its 200 day moving average price is $13.31.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $471.00 million during the quarter, compared to analyst estimates of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The company's revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 0.29 EPS for the current year.
Analyst Ratings Changes
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A number of analysts have recently weighed in on HOOD shares. Needham & Company LLC restated a "hold" rating on shares of Robinhood Markets in a research note on Monday. Citigroup cut Robinhood Markets from a "neutral" rating to a "sell" rating and increased their price target for the stock from $13.00 to $16.00 in a research report on Thursday, April 11th. KeyCorp upped their price objective on Robinhood Markets from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, April 22nd. TheStreet raised shares of Robinhood Markets from a "d+" rating to a "c-" rating in a report on Wednesday, February 28th. Finally, Mizuho boosted their target price on shares of Robinhood Markets from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets has an average rating of "Hold" and a consensus price target of $18.96.
View Our Latest Research Report on Robinhood Markets
Hedge Funds Weigh In On Robinhood Markets
Several large investors have recently made changes to their positions in HOOD. PNC Financial Services Group Inc. raised its holdings in shares of Robinhood Markets by 46.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company's stock worth $29,000 after purchasing an additional 722 shares in the last quarter. Commerce Bank grew its position in Robinhood Markets by 7.9% in the fourth quarter. Commerce Bank now owns 12,459 shares of the company's stock worth $159,000 after buying an additional 917 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Robinhood Markets by 4.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 23,642 shares of the company's stock valued at $310,000 after buying an additional 1,060 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Robinhood Markets by 25.8% during the 1st quarter. Whittier Trust Co. now owns 5,828 shares of the company's stock worth $117,000 after acquiring an additional 1,194 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Robinhood Markets by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 291,573 shares of the company's stock worth $2,860,000 after acquiring an additional 1,480 shares during the last quarter. Institutional investors own 93.27% of the company's stock.
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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