Key Points
- Insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood on November 24 at an average price of $112.98 for $1,129,800, trimming his stake by 1.85% to 530,949 shares (valued ~ $59.99M).
- Robinhood beat quarterly expectations with $0.61 EPS versus $0.41 expected and revenue of $1.27B (up 100% YoY), and the stock traded up about 10.9%, opening at $128.20 with a 12‑month range of $29.66–$153.86.
- Analysts hold a consensus "Moderate Buy" rating with an average price target of $136.95 (14 Buys, 8 Holds, 1 Sell), while institutional investors own roughly 93.3% of the stock.
Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $112.98, for a total value of $1,129,800.00. Following the sale, the insider directly owned 530,949 shares of the company's stock, valued at $59,986,618.02. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Robinhood Markets Trading Up 10.9%
Shares of NASDAQ:HOOD opened at $128.20 on Thursday. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The company has a market cap of $115.28 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 2.60 and a beta of 2.42. The company's 50 day moving average is $132.48 and its 200 day moving average is $106.41.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the business posted $0.17 EPS. The business's quarterly revenue was up 100.0% compared to the same quarter last year. Equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.
Institutional Trading of Robinhood Markets
Institutional investors have recently modified their holdings of the stock. Valley National Advisers Inc. lifted its stake in Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company's stock valued at $26,000 after buying an additional 100 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company's stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Vision Financial Markets LLC increased its position in shares of Robinhood Markets by 100.0% during the third quarter. Vision Financial Markets LLC now owns 200 shares of the company's stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Robinhood Markets in the 3rd quarter valued at $29,000. Finally, Guerra Advisors Inc purchased a new position in Robinhood Markets in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 93.27% of the company's stock.
Analysts Set New Price Targets
HOOD has been the topic of a number of recent research reports. Compass Point restated a "buy" rating on shares of Robinhood Markets in a research note on Monday, October 27th. Citigroup raised their price objective on shares of Robinhood Markets from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 23rd. Cantor Fitzgerald boosted their target price on shares of Robinhood Markets from $130.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, November 6th. Loop Capital set a $161.00 price objective on shares of Robinhood Markets in a report on Monday, October 27th. Finally, Morgan Stanley increased their target price on shares of Robinhood Markets from $110.00 to $146.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 1st. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $136.95.
Check Out Our Latest Research Report on Robinhood Markets
About Robinhood Markets
(
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.
Further Reading
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